EXEC: Nike’s Shares Jump on Improving Turnaround Prospects

Nike, Inc. continues to face headwinds in its turnaround efforts, including an estimated $1 billion hit from tariffs. However, the company’s first-quarter guidance came in better than expected. Nike officials told analysts that its steps to reengage wholesale partners are paying off, with holiday bookings up. Shares of Nike in mid-day trading Friday, June 27, were up about 17 percent.

StadioBike Adds to Ownership Team to Help Drive New Bicycle Racing Format

Kristin Labonte, a former national masters champion in the individual time trial, criterium, and road racing disciplines, is the managing partner of Breaking Limits, a sports marketing agency. James Pope is a globally respected event architect with over two decades of experience creating and scaling marquee cycling events.

Recall: Bell Sports Bicycle Helmets

About 31,200 Bell Sports bicycle helmets are being recalled. The recalled helmets do not comply with the impact requirements of the Consumer Product Safety Commission’s (CPSC) mandatory federal safety standard for bike helmets.

ZogSports Acquired by Volo Sports

Volo Sports, the organizer of social sports leagues and related activities for adults operating in multiple cities throughout the U.S., announced the acquisition of ZogSports, a social sports league with a reported “over 120,000 players,” based in the U.S.

FDRA Elects New Board Leadership for 2025/27 Term

The newly elected leadership for the 2025–2027 term includes Josue Solano, CEO of BBC International, as Board chair; Dan Friedman, chief sourcing and supply chain officer at Caleres, as vice chair; and Lisa Tucker, president of Shoe Show, Inc. as treasurer.

Survey: Seventy Percent of U.S. Adults Ready to Learn Pickleball

In a recent national survey conducted by the Atlanta-based company, 70 percent of U.S. adults surveyed aged 18 to 65 identified themselves as “eager to learn” or “currently learning” the game of pickleball. Twelve percent described themselves as “avid” players. Only 18 percent expressed “no interest” in learning the sport.

Macron Extends Contract with UEFA for Referee Kits

The Italian sportswear label, renewed its contract to supply referees with kits for all major competitions held by the UEFA, European football’s governing body, in a multi-year deal. Before Macron, Adidas had held the referee kit supply rights for seven years.

U.S. Squash President To Step Down

The national governing body and membership organization for the sport in the U.S., announced that Kevin Klipstein, president and CEO, will step down at the close of the year, marking the end of a twenty-year tenure.