June 24, 2021
Net income rebounded to $1,509 million in NKE’s fiscal Q4, against a loss of $790 million in the quarter hardest hit by the pandemic last year, on revenues that nearly doubled to $12,344 million from $6,313 million and increased 21% compared to Q4 ’19.
Hibbett told investors that it plans to move from selling commoditized sporting goods to “athletic-inspired fashion,” and announced a change in its corporate name from Hibbett Sports, Inc. to Hibbett, Inc. to reflect the shift in focus.
The sneaker resale platform more than doubled its valuation from $1.8 billion last Sep., raising $195 million in a round led by Park West Asset Management and by funds and accounts advised by T. Rowe Price Associates, Franklin Templeton, Adage Capital Management and Ulysses Management.
Stockholders of Forest Road Acquisition Corp. voted to approve the three way merger between the SPAC, The Beachbody Company Group, and connected exercise bike company Myx Fitness Holdings.
SLBG is diversifying its tennis ball launcher business by acquiring Foundation Tennis, which makes operations, booking, payments and digital platform management software for racquet sports club administration.
On the heels of the Supreme Court ruling earlier this week allowing expanded payments to student-athletes, the NCAA is reportedly planning to punt regulation of name, image and likeness deals to schools, ESPN reported.
Honma Golf says that an audit of its U.S. logistics provider, Saddle Creek Corp., turned up more than $400,000 in misplaced, lost and/or stolen inventory, totaling 20,263 items.