October 02, 2019 Nike Doping Scandal Suggests CEO Knew of Testosterone Tests
An arbitration panel found Nike track coach Alberto Salazar tested athletes for a banned topical testosterone treatment to see how much of it could be applied without detection by anti-doping authorities and head Eager Beaverton Mark Parker was looped in via e-mails on the tests, according to a report in the New York Times. Caleres Updates Sales, Earnings Targets in New Three Year Plan
Caleres guided for low-single-digit CAGR revenue growth and double-digit CAGR in adjusted earnings per share through 2022 and discussed leverage strategies during its investor day in New York City. JD Sports Faces More Scrutiny in Footasylum Acquisition
The British multi-banner retailer declined to offer any remedies to that country’s Competition and Markets Authority in response to its suggestion that the acquisition of Footasylum could lessen competition in the athletic footwear market. Wolverine Worldwide Outlook Revised to Negative by Standard & Poor’s
The ratings agency said that WWW’s BB+ rating outlook has been revised to negative from stable because its leverage has risen to 3x due to spending on share buybacks. PowerBilt Taps Paul Boe as President
The Hilco Streambank-owned golf equipment and accessories maker appointed Boe to lead strategic growth initiatives, including brand, sales, product, and licensee management. Etcetera: Patagonia, Skechers, New Balance, Heybo, Wilson, Dick’s
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