SGB Sports & Fitness

Pou Sheng Names New CEO, Chairman

Pou Sheng, Yue Yuen’s Chinese retail subsidiary, appointed Wang Jun as CEO, effective July 1, succeeding Shao-Wu Lee who is stepping down to become chairman.

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.