Winnebago Industries, Inc. announced that Amber Holm accepted the position of senior vice president, chief marketing officer. Sri Koneru was promoted to senior vice president, chief information officer and Chad Reece was promoted to vice president, government and industry relations.
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Nike Sees Price Target Cuts From Wall Street Over Disappointing Outlook
Wall Street analysts across the board reduced their price targets and go-forward EPS estimates on Nike, Inc. after the sportswear giant guided FY23 EPS below analyst targets as significant markdowns are expected over the next two quarters to recalibrate China’s bloated inventory levels. Most analysts still kept favorable ratings on Nike’s stock.
HSBC x PVH Corp. Launch Sustainable Supply Chain Finance Program
HSBC Bank USA and PVH Corp. announced the launch of its sustainable supply chain finance program tied to environmental and social objectives and based on a suppliers sustainability ratings.
Nike’s Stock Hit By Weak Guidance
Shares of Nike fell about 7 percent Tuesday toward a two-year low after the company reported earnings for the fiscal fourth quarter that topped Wall Street estimates but warned that surging transport costs and a strong U.S. dollar would eat into profit margins over its coming fiscal year.
USWE Sports AB Acquires Giant Loop
USWE Sports AB, a publicly traded backpack company based in Malmö, Sweden, has acquired Bend, OR-based Giant Loop LLC, a powersports brand known for its innovative off-road motorcycle soft luggage designs. The transaction is scheduled to close on July 1.
Sports Fandom Increases, Powered By New Digital Platforms
A new study by Nielsen and LaLiga Tech shows Millennial and Gen Z consumers are following more sports competitions than Gen X and Boomers but strongly prefer streaming and mobile experiences, including fantasy games.
Nike’s Q4 Tops Wall Street Targets
Nike, Inc. reported earnings in its fiscal fourth quarter ended May 31, down 5 percent year-over-year but topped Wall Street estimates. Sales were down one percent as a 7 percent decline in its wholesale segment was offset by a 7 percent gain in direct sales.
Camber Outdoors Names CEO
Camber Outdoors announced that they hired Tiffany Smith as CEO. Most recently, she was the chief development officer for the organization. Smith steps into the new role effective immediately.
National Park Visitor Spending Pumped $42.5B Into U.S. Economy In 2021
The Department of the Interior announced that visitor spending in communities near U.S. national parks in 2021 resulted in a $42.5 billion benefit to the nation’s economy and supported 322,600 local jobs.
Reima Debuts SS23 Collection Focused On Kids Rain And Swimwear
Reima, the 78-year-old Finish outdoor apparel and footwear brand for kids, debuted its U.S. SS23 line—its most environmentally conscious collection to date. Offering sustainably made polyfluoroalkyl (PFA) substance-free rainwear and sunproof swimwear with a UPF of 50+, the collection will be available for U.S. consumers in February 2023. “Reima is the sole global lifestyle children’s […]
Reima Debuts U.S. SS23 Collection Focused On Rain And Swimwear
Reima, the 78-year-old Finish outdoor apparel and footwear brand for kids, debuted its U.S. SS23 line—its most environmentally conscious collection to date. Offering sustainably made polyfluoroalkyl (PFA) substance-free rainwear and sunproof swimwear with a UPF of 50+, the collection will be available in the states in February 2023. “Reima is the sole global lifestyle children’s […]
Smith & Wesson Sees Firearms Demand Returning To 2019 Levels
Smith & Wesson Brands, Inc. does not see a spike in firearms sales arising out of the latest pushes for gun-control legislation. Indeed, Mark Smith, president and CEO, predicted a decline in sales in its current year ended April 2023 as demand returns to calendar 2019 levels.
BreakingT Partners With NWSL
BreakingT, the fan apparel maker based in Washington, DC, entered into a licensed apparel agreement with the National Women’s Soccer League (NWSL).
Tennis Participation Outpaces All Racquet Sports
With an increase of nearly 5 million players since 2019, tennis participation in the United States is outpacing that of all other racquet sports, according to new analysis from Sports Marketing Surveys.
Supreme Court Strikes Down New York Gun-Control Law
The Supreme Court of the United States (SCOTUS) struck down a New York State gun-control provision that placed strict restrictions on firearms outside the home.
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