Nike, Inc. reported fiscal 2023 third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on a currency-neutral basis. Diluted EPS declined 9 percent to 79 cents a share. Inventories for Nike, Inc. were $8.9 billion, up 16 percent.
Category: Sports/Fitness
Amazon To Lay Off Another 9,000 Employees
Amazon’s Andy Jassy, the company’s chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023.
Sweaty Betty CEO And COO To Step Down
Drapers reported that Sweaty Betty’s chief executive Julia Straus and chief operating officer, Mark Smith, would step down this summer following the brand’s takeover by Wolverine Worldwide. A search is underway to fill the positions.
On’s Revenues Surge 92 Percent In Fourth Quarter
On Holding AG significantly decreased its loss in the fourth quarter ended December 31 as sales vaulted 91.9 percent. For the current year, the Swiss running brand predicts sales will grow 39 percent.
The Buckle Sets New Quarterly Dividend
The Buckle, Inc. board of directors authorized a 35 cents per share quarterly dividend to be paid to shareholders of record at the close of business on April 14, with a payment date of April 28.
Fanatics And NHL Ink 10-Year Deal For On-Ice Uniforms, Authentic Jerseys Supplier
The National Hockey League and its longstanding partner Fanatics have inked a new 10-year agreement which, beginning with the 2024/25 season, will see Fanatics become the League’s authentic outfitter of on-ice uniforms and supplier of authentic jerseys at retail.
Primaloft Announces CFO Transition
PrimaLoft, Inc., a subsidiary of Compass Diversified, promoted Jason Kerley to chief financial officer from vice president and controller. He will transition to the position on the retirement of the current CFO, Tom Seaver.
Survey: Concussion Safety Top-Of-Mind For Parents Of Kids Playing Youth Sports
A new survey from MedStar Health is highlighting significant injury concerns heading into the spring youth sports season. Following a series of highly publicized injuries in professional sports over the past year, prioritizing concussion safety is now top of mind for parents.
K-Swiss Appoints Footwear Industry Vet As International Brand President
K-Swiss hired athletic footwear industry veteran Rob Langstaff as international brand president.
Wattbike Taps Mammut Sports Group Board For New Company Chairman
Wattbike appointed Greg Nieuwenhuys as chairman of the board of directors, effective immediately.
GNC’s CEO Exits
According to the Pittsburgh Business Times, Josh Burris, CEO of GNC since February 2021, left his position in January 2023.
True Spec Golf Opens Venue In Scottsdale
True Spec Golf has opened a location in Scottsdale, AZ in partnership with Talking Stick Golf Club.
Club Champion Opens Location In Crawley, England
Club Champion reported opening a fitting studio at Platinum House, Sussex Manor Business Park in Crawley, a borough in West Sussex, England.
Precor To Close North Carolina Plant
Precor, the fitness equipment manufacturer acquired by Peloton in early 2021, is closing its plant in Whitsett, NC, affecting 123 employees.
Moody’s Upgrades Hanesbrands’ Speculative Grade Liquidity Rating
Moody’s Investors Service upgraded Hanesbrands, Inc.’s speculative grade liquidity rating (SGL) to SGL-2 from SGL-3 to reflect Hanesbrands’ improvement in liquidity as it has addressed all of its 2024 debt maturities.
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