Nike Accelerating Consumer-Led Transformation
Nike Inc. hosted its 2017 Investor Day today, which provided an overview on how the company is accelerating its next phase of long-term, sustainable and profitable growth. Fueled by the Consumer Direct Offense, the company stated during the investor meeting that it expects to drive high-single-digit revenue growth, expanding margins and mid-teens earnings per share growth on average over the next five years.
Nike Sees Mid-Teens EPS Growth Over Next Five Years
At its Investor Day held at Tiger Woods Center at its Portland headquarters, Nike officials said they expected earnings per share to grow in the mid-teens on high-single-digit revenue growth over the next five years.
Squaw Valley/Alpine Meadows Eyes 2019/20 Winter Season For Opening Of California Express Gondola
Squaw Valley Alpine Meadows formally announced its plan to install a base-to-base gondola connecting The Village at Squaw Valley and the base area at Alpine Meadows. The freshly branded “California Express” gondola is targeted to open ahead of the 2019-20 winter season.
Tennis Industry Gears Up for ‘Innovation Challenge’
The Tennis Industry Association (TIA) is now accepting applications for its Tennis Industry Innovation Challenge to be held at its Fifth Annual TOM (Tennis Owners & Managers) Conference next April.
Cherokee Appoints Chief Brand And Revenue Officer
Cherokee Global Brands appointed Mark Conway to the newly-created role of chief brand and revenue officer. In this role, conway will oversee new business development, strategic brand planning, ecommerce and marketing and will manage development and oversight of Cherokee Global Brands’ licensee partnerships worldwide.
’47 Expands NBA Partnership
The agreement grants the brand rights to use current NBA team logos on adult apparel as well as men’s, women’s and youth headwear. ’47 will also create product for the league’s key seasonal moments including NBA All-Star, NBA Playoffs and NBA Finals.
National Park Service Proposes Steep Fee Hikes At Popular Parks
Visitor fees to America’s most popular national parks, including Yosemite, Grand Canyon and Yellowstone, could more than double to $70 during five peak months under a proposal unveiled Tuesday.
Shimano’s Profits Slump In Nine Months
Shimano reported earnings slumped 46.3 percent in the first nine months of the year due to a weak cycling market.
RECALL: Arc’teryx Procline Boots
In a small number of boots, it has been reported that the axis pin has dislodged, which may cause the skier to lose control or fall and suffer injuries.
Volcom’s Sales Disappoint
Kering reported revenues in its Sport & Lifestyle segment grew 15.9 percent on a currency-neutral basis as a 17.3 percent jump at Puma offset a decline at Volcom.
Planet Fitness Makes Leadership Appointments
Planet Fitness Inc. appointed Craig Miller as chief digital and information officer and Rob Sopkin as chief development officer.
Nordica Partners With Promoboxx And Locally.com
Nordica USA, the supplier of performance skis and ski boots, is partnering with Promoboxx and Locally.com to support its brick-and-mortar specialty retailer partners sell online.
UFC Signs Mouthguards License
UFC formed a new multi-year global licensing agreement with Opro, a mouthguard manufacturer.
Sole Donates $518,000 Through Footbed Collection
Sole has donated over $518,000 to Protect Our Winters, Big City Mountaineers and Karno Kids to date through its Performance collection of footbeds.
Rocky Brands’ Q3 Profits Vault On Meatier Margins
Rocky Brands Inc. reported sales dipped 11.6 percent in the third quarter due to factory disruptions from Hurricanes Maria and Irma as well as “modest shortfalls” for all its brands, but earnings improved significantly on higher margins.
