Sports/Fitness Retailer

Nike Announces 11 Percent Increase In Quarterly Dividend

Nike Announces 11 Percent Increase In Quarterly Dividend

The payout will mark Nike’s 18th consecutive year of increasing dividend payouts. Said Mark Parker, Chairman, President and CEO of Nike, Inc. “This dividend increase, combined with the four-year $15 billion share repurchase program announced in 2018, reflects continued confidence in our strategies to generate long-term, profitable growth as we accelerate execution of our Consumer Direct Offense.” (Read More)

Sports Inc. And OrderMyGear Partner To Broaden E-Commerce For Team Dealers

OrderMyGear, the e-commerce platform for the team dealer market, and Sports, Inc., the sporting goods buying group, announced a technology partnership. The investment Sports, Inc. is making into technology will allow team dealers to receive additional access to pre-released OrderMyGear product features and discounts on various services to provide a more robust e-commerce solution for team dealers. (Read More)

Under Armour’s Debt Ratings Affirmed

Standard & Poors (S&P) affirmed the debt ratings of Under Armour as the firm's credit metrics have improved as a result of reduced restructuring costs, driving EBITDA margin expansion and higher cash flow generation. The agency did note that the potential ratings impact of the recently revealed accounting investigation by the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) is uncertain (Read More)

Eight Sleep Secures $40M Investment

Sleep fitness company Eight Sleep has raised $40 million in funding led by Founders Fund with participation from other investors that included Craft Ventures, Khosla Ventures, Y Combinator, 8VC, Flexport founder Ryan Petersen, and Eventbrite co-founder and chairman Kevin Hartz. (Read More)

Ballogy Names James Isch Advisory Board Chairman

Ballogy Inc., the Austin-based software company changing the way youth and amateur athletes train and develop for their sports, named longtime National Collegiate Athletic Association (NCAA) executive James (Jim) Isch, Ph.D. chairman of the Ballogy advisory board. (Read More)

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