Forest Road Acquisition Corp. announced that its stockholders have voted to approve the proposed three-way business combination with The Beachbody Company Group, LLC and Myx Fitness Holdings, LLC at a special meeting of stockholders. (Read More)
Nike Inc. reported earnings and sales came in well above Wall Street's consensus estimates in the fourth quarter ended May 31. Revenues grew 96 percent year-over-year, supported by a 73 percent jump in Nike Direct sales. Sales in North American climbed 141 percent year-over-year and 29 percent compared to the fourth quarter of 2019. (Read More)
Golf rounds played in the U.S. rose 18.1 percent for the month of May, according to Golf Datatech. For the year-to-date period, rounds are ahead 33.6 percent. (Read More)
Appalachian Gear Company announces its expansion into a new manufacturing facility in Kings Mountain, NC. The move will allow the brand to increase the production of its All-Paca products while creating jobs in the Charlotte metropolitan area. (Read More)
Hibbett Inc. announced that its Board of Directors has declared an initial quarterly dividend of 25 cents per share on the company’s common stock. The commencement of the company’s first ongoing dividend program is reflective of the company’s growth and commitment to delivering long-term shareholder value. (Read More)
Globally, levels of concern among consumers in response to the COVID-19 pandemic are moderating slightly, according to the seventh edition of the EY Future Consumer Index. A key emerging trend is the prioritization of sustainability, although the majority of consumers are relying on companies to act as leaders in driving positive social and environmental outcomes. (Read More)
The National Retail Federation said it is encouraged by a bipartisan group of Senators and the Biden Administration finding agreement on a framework for an infrastructure package. (Read More)
Goat Group has closed a Series F funding round of $195 million, reaching a valuation of $3.7 billion, more than double its prior valuation of $1.8 billion following its Series E round announced in September 2020. (Read More)
