J.P. Morgan raised its price target on Nike Inc. to $85 from $81 as the investment firm has grown more convinced that Nike’s momentum in North America is accelerating. Based on its own recent fieldwork, J.P. Morgan raised its North America revenue estimate to 9 percent growth for Nike’s second quarter ended November 30.
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Report: Lululemon Founder Close To Joining Anta’s Bid For Amer Sports
Chip Wilson, Lululemon’s founder, is in talks to join Anta’s investment consortium in its bid for Amer Sports, according to a report from Bloomberg. Wilson, whose net value is reportedly worth $3.5 billion, is exploring taking a 20 percent stake in the consortium.
AAFA’s 2019 American Image Awards Honorees Include Birkenstock, United Legwear
The American Apparel & Footwear Association’s 2019 AAFA American Image Awards honorees include United Legwear & Apparel, a joint venture partner of Puma and licensee of Skechers and Champion; as well as Birkenstock.
Asics America Appoints Sean Mannion As VP Of Sales
Asics America Corp. has appointed Sean Mannion, formerly at Under Armour, as VP of sales. His last position at Under Armour was general manager and senior director of sales, managing footwear, apparel and accessories in the sporting goods, mall and family retail channels.
Riddell Partners With The Alliance of American Football
Riddell and The Alliance of American Football announced a multi-year partnership bringing the latest in football helmet technology and protective equipment to the new league and its players. Riddell will serve as the official protective equipment partner of The Alliance through the 2021 season.
Asics America Partners With Right To Play
Asics America Corporation is teaming up with Right To Play (RTP) this holiday season to help get kids moving, powered by the contributions of consumers at Asics stores across the country this Giving Tuesday.
SGB Executive Q&A: Scarpa North America CEO Kim Miller
Scarpa North America CEO Kim Miller sat down with SGB recently to discuss a wide range of topics, from the changes he’s seen in the footwear business over a long career to Scarpa’s success as a family-owned boot and shoe maker for 80 years to how the industry can raise its voice on such issues as public lands.
Mizuno’s Americas Region Returns To Profitability In Six Months
Mizuno Corp. reported that sales in the Americas dropped 16 percent in the second quarter ended September 30 but the region returned to the black in the six months.
American Alpine Club Engages Veteran Community
The effort – led in large part by active-duty military members of the American Alpine Club – seeks to engage the veteran community by offering discounted club membership, hosting veteran-focused climbing events, and promoting wellness and camaraderie through the pursuit of climbing.
Report: Adidas North America Hears Calls For Diversity
Employees at Adidas’ North American headquarters in Portland, OR are openly expressing frustration about the lack of opportunities for minorities, particularly African-Americans, at the firm, according to an article from Footwear News.
Nike Names New Leaders For Asia Pacific And Latin America And Global Sales
Nike Inc. announced that effective December 1, Carl Grebert, currently the VP, GM of the global Jordan Brand, will become the company’s new VP, GM of its Asia Pacific and Latin America (APLA) geography. Ann Hebert, currently VP, GM of the APLA geography, will become the new VP, Global Sales.
Salewa North America Appoints Drew Saunders As Country Manager
Salewa North America, which operates the Dynafit, Salewa, Wild Country and Pomoca brands in the U.S. and Canada, has announced promotions within its North American leadership team—Drew Saunders has been named country manager, while Ross Herr was named sales and marketing manager
Asics Sees 8 Percent Q3 Sales Drop In The Americas
Asics Corp. reported an operating loss in its American region of ¥398 million ($3.5 mm) in the third quarter as sales declined 8.1 percent. Companywide, Asics slashed its earnings guidance for the year as it also saw a steep decline in profits in the Europe and a modest decline in Japan.
Surfrider Foundation Launches ‘United States And Oceans of America’
The Surfrider Foundation, a nonprofit organization dedicated to the protection of clean water and healthy beaches, launched its nationwide United States and Oceans of America (USOA) campaign to rally Americans to join the bipartisan fight to protect our oceans and coasts for the future.
American Mountain Guides Association Names Angela Hawse New Board President
The American Mountain Guides Association (AMGA), an educational nonprofit dedicated to supporting and furthering the profession of American mountain guiding, has named veteran guide and industry leader Angela Hawse as president of its board of directors.
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