After a number of key leadership appointments and a refreshed retail engagement process have garnered praise, the company is ensuring its position atop the platform for the near future by securing the Brazil National Football Confederation for an additional 12 years and extending and expanded the current NFL deal through 2038.
Category: Sports/Fitness
EXEC: Macy’s Completes Investigation into Accounting Issues; Lowers Q3 EPS Guidance
The retailer is now reporting it is revising its EPS guidance downward, an announcement that sent M shares tumbling nearly 10 percent in pre-market trading on Wednesday, December 11.
EXEC: Adidas HQ Raided Amid On-Going Tax Probe
Adidas has reassured stakeholders that it has compiled and has been cooperating with authorities over an extended period, furnishing them with the documentation and pertinent information required to the tax investigation.
Shot Scope Names Lord Mervyn Davies Chairman of the Board
Lord Davies of Abersoch, Wales, was formerly chief executive and chairman of Standard Chartered and was awarded a CBE in 2002 for his services to the financial sector. He is currently the chairman of the Lawn Tennis Association, LetterOne and sits on the World Rugby Executive Committee.
Inov8 Founder is Back as CEO; Price Returns as Director
Wayne Edy, founder of Inov8, will again lead the company as CEO. Michael Price returns to the company as product and marketing director, having worked at Inov8 from 2016 to 2022.
EXEC: Academy Execs Talk Q3 Results, Q4 Hopes and 2025 Initiatives, Including Big Nike Boost
The plan to expand the Nike busineess, along with a number of other key brand initiatives, is to launch in April with full assortments of men’s, women’s, and kids’ across footwear, apparel, and accessories along with a strong statement of sporting goods.
Jetset Pilates Expands Into Mid-Atlantic DC-MD-VA Market
The company will open its first studio in the Navy Yard in Washington, D.C., early spring 2025, with plans to open eight to 10 studios across the District of Columbia, Maryland and Virginia region.
Academy Sports and Outdoors Narrows Full Year Outlook as Fiscal Q3 Comes Up Short
The retailer arrowed its fiscal 2024 guidance to net sales of $5.895 billion to $5.940 billion from previous guidance of $6.075 billion on the high side and missing Wall Street’s third quarter sales estimates.
CNBC/NRF: Retail Monitor Reinforces Online Shopping Strength in November
In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
Puma Partners with Spinnova for Wood-Based Fiber
Puma has partnered with Finnish textile material innovation company Spinnova to develop “proof-of-concept products” from wood-based Spinnova fiber for future collections, particularly for products in Puma’s Sportstyle category.
DSW Parent Slashes Full Year Guide After Q3 Miss; Total Comps Fall 3.1 Percent
DBI reported fiscal third quarter net sales decreased 1.2 percent year-over-year to $777.2 million in the 13-week period ended November 7, short of the $802.14 million expected on Wall Street.
Kemper Sports Names Manager of NJ Golf Course Portfolio
KemperSports appointed the Morris County Park Commission to manage its Berkshire Valley, Flanders Valley, Pinch Brook, and Sunset Valley courses in New Jersey.
Florida’s Soleta Golf Club Officially Opens
The Nick Price-designed Soleta Golf Club has officially opened near Sarasota and Lakewood Ranch, FL, which includes a 7,400-yard, par-72 course that winds through an undisturbed sanctuary-like landscape, preserving all the wetlands.
NRF: Retailers and Vendors Continue to Surge Goods Ahead of Strike and Tariffs
Hackett Associates Founder Ben Hackett said retailers are under pressure as they front-load cargo to avoid both the disruption of the strike and higher costs from the tariffs.
X Games Names Jeremy Bloom as CEO
Bloom’s track record as an athlete and in building and managing companies will be instrumental in continuing to elevate the X Games properties and the X Games League.
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