Consumer Direct Offense Gets Heavy Play At Nike’s Annual Meeting
At Nike’s 37th annual meeting held at its Beaverton headquarters, Nike officials discussed the company’s liberal leanings, its climate change actions and new NBA partnership. But most of the time was spent talking up its “Consumer Direct Offense” initiative.
Susquehanna Upgrades Hibbett Sports On Hurricane Benefits
Susquehanna Financial Group has upgraded its rating on Hibbett Sports as it expects its stores and recently-launched e-commerce site to benefit from footwear replacement needs caused by hurricanes Harvey and Irma.
Etonic Holdings Partners With Ray Cook Brands
Etonic has chosen Ray Cook Brands to manufacture and sell golf shoes, gloves, and other accessories under an exclusive worldwide license under the Etonic name.
Spartan To Bring Live Content To Facebook’s Watch Platform
The broadcasts will be produced with multiple cameras, drone coverage, graphic packages, audio commentary, replays and behind-the-scenes content.
Karmaloop Founder Launches Wanderset.com
Greg Selkoe, founder of Karmaloop.com, has launched Wanderset.com, a men’s fashion site “focused on telling the stories of and sourcing the next generation of designers and cultural creatives.”
TrackStreet Appoints VP Of Sales
TrackStreet, which specializes on MAP monitoring and enforcement, appointed Ryan Erickson, formerly at Teva, as VP of sales.
E-Bikes The Focus Of BPSA’s First-Ever Annual Report
The Bicycle Product Suppliers Association (BPSA) released its first-ever Annual Report and, not surprisingly, grappling with safety and legal issues around e-bikes was a major discussion point.
ICSC Forecasts Strong Consumer Spending This Holiday Season
The International Council of Shopping Centers (ICSC) forecasts a 3.8 percent year-over-year growth in retail sales for this holiday season.
Implus Donates 60,000 Pairs Of Socks To Hurricane Harvey Victims
Implus is partnering with Academy Sports + Outdoors to donate 60,000 pairs of socks to aid the victims of Hurricane Harvey in Texas and the Gulf Coast.
Academy’s Challenges Continue In First Half
Moody’s downgraded the debt ratings of Academy Sports + Outdoors due to “difficult market conditions, including a highly promotional environment for athletic apparel and weak demand for firearms and ammunition,”
Foot Locker And Timberland Team Up With Nas On Legends Collection
Each monthly drop (Volumes VII – X) will be accompanied by a custom animation video short, the first of which launched today on Foot Locker’s YouTube channel.
Saucony Launches Freedom Track Club
Saucony expanded its commitment to athlete development with the launch of the Saucony Freedom Track Club, a Boston-based elite running group dedicated to developing future Olympic hopefuls.
Canadian Tire Supports Getting Kids With Disabilities Active
Canadian Tire Corp. announced a $50 million commitment over five years to Jumpstart Charities, in order to give Canadian kids with disabilities greater access to sport and play.
Moody’s Downgrades Academy’s Debt Ratings
Moody’s Investors Service downgraded its debt ratings for Academy Ltd. due to the “highly promotional environment” for athletic apparel and weak demand for firearms and ammunition.
Nike Faces Downgrades On Growth Concerns
Analysts from Susquehanna Financial Group and Jefferies on Tuesday lowered their earnings guidance and price targets on Nike due to further growth concerns. Susquehanna also lowered its stock rating on Nike.
