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September 28, 2023 Nike Sees Better Times Ahead after Flattish FQ1
Net income inched down 1% in the Swoosh’s fiscal first quarter ended Aug. 31 to $1,450 million from $1,468 million, helped by a one time tax benefit, while the top line grew by 2% to $12,939 million from $12,687 million. Vail Resorts Retail Sales Sluggish in Q4
Retail/rental revenue fell 13% to $26,200,000 from $30,064,000 in MTN’s small fiscal fourth quarter ended Jul. 31, hurt by below average snowfall during the Australian winter season and underperforming N.A. summer operations. Fitness Equipment Sales Declined Last Year, SFIA Finds
Total fitness equipment sales dipped 4% in 2022 as they lapped the prior year’s +14% surge, according to the 2023 edition of SFIA’s Tracking the Fitness Movement Report, coming in at $7.59 billion down from $7.89 billion. The Shop Safe Act Reintroduced in Congress
The bipartisan Stopping Harmful Offers on Platforms by Screening Against Fakes in E-Commerce Act was re-introduced in Congress by Senators Chris Coons (D-DE) and Thom Tillis (R-NC), a policy that aims to curb the sale of counterfeit products through online platforms. Canada Goose Appoints New CTO, Directors
GOOS hired Restaurant Brands International veteran, Marjan Anwar Khan as its new chief technology officer, and appointed Gary Saage, former CFO of Richemont, and Jennifer Davis, a partner at Bain Capital Private Equity, to its board of directors. CPSC Recall: Trek Electric Bikes
Trek is recalling about 7,000 Allant+ 7 bicycles with Tektro brakes because the rear brake hose can kink and break when turning the handlebars.
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