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July 26, 2024


Newell Outdoor Sales Plunge Again

NWL’s Outdoor and Recreation segment continued to struggle in the second quarter, with revenues falling 23% to $258 million from $333 million.

Nike Hit with Derivative Shareholder Suit

The complaint was filed in OR district court by Danny Leung on behalf of shareholders, accusing the Eager Beavertons, John Donahoe, Matthew Friend, Mark Parker, Peter Henry, and several other Swoosh executives of making misleading statements about the strength of its digital platforms and its DTC strategy from Mar. 18, 2021, through Jun. 27, 2024.

Leki Transitions Top Leadership

The maker of ski and trekking poles tapped Chris O’Donoghue as its new general manager, effective immediately, succeeding the departing president and 34-year company veteran, Greg Wozer.

CPSC Warns of Dangerous Bike Helmets

The agency is warning consumers to immediately stop using Camzimo bicycle helmets, because the Chinese seller, Shanxixijuanguojimaoyiyouxiangongsi, which does business on Amazon as Amzomn, has refused to recall them.

Etcetera: PGA Tour Superstore, Strava, Oberalp Group, ATN Corp

 
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