SGB Executive Sports & Fitness

EXEC: Nike’s Stock Nets “Buy” Upgrade on Leadership Changes

Nike scored its first rating upgrade since news arrived of Elliot Hill’s appointment as CEO. Truist Securities’ Joe Civello believes Nike’s increasingly veteran-driven management team will be able to revive marketing and innovation, including better promoting Caitlin Clark, while further repairing wholesale relationships. Selling direct on Amazon was also cited as a “game-changer” opportunity.

EXEC: Ten Takeaways from SFIA’s 2024 Team Sports Report

SFIA’s 2024 U.S. Trends in Team Sports Report included some concerning findings, including continued deterioration in Core participation, but overall had more positive findings than negative, including momentum behind girls’ participation, improving participation rates for lower-income households, and team sports overall recovering smartly from the pandemic. SGB Media highlights 10 takeaways from the report.

U.S. Port Workers and Operators Reach Deal to Suspend East Coast Strike

In a joint statement on the evening of October 3, the ILA and USMX reached a tentative agreement on wages and extended the group’s “Master Contract” until January 15, 2025, when they will return to the bargaining table to negotiate all other outstanding issues.

EXEC: Post Earnings Call, Analysts See Slow Recovery for Nike

Shares of Nike, Inc. fell about 7 percent on October 2. SGB Media spoke with eleven Wall Street analysts to explore Nike’s turnaround prospects. Several remain bullish on Elliot Hill’s return as CEO; however, a return to healthy growth might only happen in calendar year 2026.