Nike Announces 11 Percent Increase In Quarterly Dividend
Nike Inc. announced that its Board of Directors approved a quarterly cash dividend of 34 cents per share on the company’s outstanding Class A and Class B Common Stock.
Snow Peak Opens First Shop-in-Shop In Costa Mesa, CA
Snow Peak, the Japanese outdoor lifestyle brand, opened its first shop-in-shop in the U.S., partnering with Costa Mesa, CA-based retailer Seed People’s Market, the outdoor retailer representing over 500 eco-conscious brands.
Genesco Opens New Headquarters In Nashville
Genesco, Inc. formally opened its new headquarters in its hometown of Nashville, TN, on November 3.
Planet Fitness Sets Three-Year Growth Target
During Planet Fitness’ first investor day, the company provided its three-year annual financial targets that call for annual growth in the low- to mid-teens in revenue, high-teens in adjusted EBITDA, and low- to mid-twenties in adjusted earnings per share.
Hurley To Open 10 Stores In 2023
Hurley expanded its U.S. store count to 40 and its global footprint to 50 since being acquired in 2019 by Bluestar Alliance, LLC from Nike, Inc. In 2023, Hurley said it plans to add another ten stores worldwide.
Inpiretek Names Chief Executive Officer
Inpiretek, a wellness management system for youth athletes based in Brisbane, Australia, hired Rodney Rapson as CEO.
Winnebago To Establish Research And Development Facility
Winnebago Industries, Inc. is developing a new facility with expanded resources dedicated to innovating technologies for the recreational vehicle and marine industries.
3Step Sports Names CEO
3Step Sports, the youth sports club and event operator, hired Tania King as CEO. Founder David Geaslen moves into the chairman role.
Dick’s SG Supply Chain Chief Retires
Dick’s Sporting Goods said in a regulatory filing that Donald J. Germano, EVP, stores and supply chain, retired from his position.
Red Arrow Weapons Promotes Marketing Director
Red Arrow Weapons promoted Danny Reed to marketing director and brand manager.
Nike Sued By Odell Beckham, Jr.
NFL wide receiver Odell Beckham, Jr. is suing Nike for refusing to pay him royalties and violating their contract, according to the Portland Business Journal.
Academy Sports To Open Two Stores In West Virginia And Florida
Academy Sports + Outdoors is opening new stores in Barboursville, WV and Tampa Bay, FL, with grand opening events held from November 18 to November 20.
Fila Sees Higher Sales But Lower Profits For 2022
Fila Holdings Corp.’s earnings were down in the third quarter on lower margins. Sales grew modestly as declines for the Fila brand, including a sharp drop in the U.S., were offset by healthy gains for Acushnet, the parent of Titleist and Footjoy. Fila raised its sales outlook for the year but lowered its earnings guidance.
Timberland Names VP Marketing, Americas
Timberland named Ezra Martin as VP of marketing, Americas. He was most recently global VP of marketing for the Lab Series men’s skincare brand at Estee Lauder.
Dick’s Sporting Goods Hires Private Label Chief
Dick’s Sporting Goods hired Chad Kessler as EVP of vertical brands, its private label business. He will lead strategy, management and execution for the retailer’s vertical brands, including soft lines Calia, DSG and Alpine as well as the company’s hardline businesses.
