U.S. Again Fuel Nike’s Momentum

Bolstered by accelerating sales of running and basketball footwear in the U.S. and improved margins, Nike Inc. reported a higher-than-expected profit in its fourth quarter ended May 31. More critically, it indicated that worldwide futures orders for Nike

Nike’s Q4 Profits Climb 27 Percent

Nike, Inc. reported revenues from continuing operations rose 7 percent in its fourth quarter ended May 31, to $6.7 billion, up 9 percent excluding the impact of exchange rates. Nike Brand revenues were higher in Running, Basketball, Men’s Training,

Backcountry.com Names Director of Brand Marketing

Backcountry.com hired Adrian Montgomery, who helped Scott Sports rebuild its brand in the United States over the last eight years, as director of brand marketing. Montgomery, who spent much of his time at Scott USA helping the re-establish the brand with

RECALL: 175 Tern Folding Bikes

Stiles Products is recalling approximately 175 of its Tern folding bicycles because the bike’s frame can crack at the hinge on the top tube, posing a fall hazard…

Sports Authority Names New CEO as Webb Retires

Sports Authority’s board of directors appointed Michael Foss to the position of chief executive officer following the retirement of Darrell Webb. Webb is retiring from his positions as CEO and chairman of the board…