January 12, 2023
The Champion parent updated its outlook for the final quarter, and is now expecting revenues to come in slightly above its guidance range of $1.40 to $1.45 billion, generating adjusted operating profit at the midpoint of its $70 to $100 million range.
CODI, which owns several sporting goods industry brands including Boa, 5.11, Velocity Outdoor, Marucci, and the recently acquired PrimaLoft, is selling Advanced Circuits for $220 million to APCT, Inc.
Nike’s executive chairman and former CEO, who has also been a Disney director since 2016, was elected independent chairman of the DIS board.
Specialized Bicycle Components announced that it is in the process of a “transformation” that will include cuts to about 8% of worldwide staff, include corporate locations and retail stores.
Following two successful efforts at the outdoor co-op’s SoHo and Berkeley stores, workers at REI’s Orange Place store in Beachwood, OH, near Cleveland have filed a petition for a union election with the National Labor Relations Board.
Nike is releasing No Finish Line, a new book that celebrates its 50 years of design and innovation in sports while setting a vision for the next 50 years.