Featured Story

Nike Investors Remain Concerned About Future Product Demand Despite Jump In Q1 Sales

Published in SportsBusiness Daily on 09 / 28 / 16

Nike yesterday reported an 8% jump in quarterly sales, but "slowing future demand for its sneakers and apparel fanned investors' concerns about the sportswear maker's growth prospects," according to Sara Germano of the WALL STREET JOURNAL. Nike's Q1 revenue was $9.06B as North American sales grew 6....

Read More

Tags: Nike, Finance

More Stories

06/25/99
OGDEN CLOSES DEAL FOR VSA, THUS SECURING DEAL WITH SAFECO

N.Y.-based Ogden announced that its Entertainment Services group has entered into an agreement to acquire SC- based concessionaire Volume Services of America for $342M. Ogden stated that the purchase

Tags: Finance, Seattle Mariners

06/25/99
QUOKKA SPORTS SECURES PRIVATE PLACEMENT OF $40.7M IN STOCK

Quokka Sports announced the close of a private placement of $40.7M in Series D preferred stock. The equity capital comes from new investors TCI/Liberty, Hearst, Comcast, British Telecom, Excite@Home,

Tags: Cablevision, Comcast-Spectacor, Finance, New York Liberty

06/24/99
A PIT-FALL FOR RACING STOCK: TOY COMPANY REPORTS SHORTFALL

Shares of Racing Champions Corp. "plunged" 60% Wednesday after the maker of die-cast toy cars announced an "unexpected sales shortfall and warned of second-quarter loss," according to Mary Ellen Podmo

Tags: Finance, NASCAR

06/24/99
SUPER REPORT FOR FL: SUPER BOWL SAID TO HAVE HUGE IMPACT

A study released yesterday by Sports Management Research Institute (SMRI) reported that Super Bowl XXXIII had a $396M economic impact on South FL, according to Scott & Weaver of the Ft. Lauderdale SUN

Tags: Finance, NFL

06/23/99
BACK TO SCHOOL? PAUL ALLEN FIRM LOOKING AT COLLEGE ATHLETICS

Blazers/Seahawks Owner Paul Allen "is in talks to acquire" a college broadcast radio company "as part of a plan to develop" a full-service sports marketing agency for collegiate athletics, according t

Tags: Finance, Seattle Seahawks, Vulcan Ventures

06/23/99
FINANCE NOTES

In St. Louis, Cynthia Vespereny wrote that Louisville Slugger "is considering going to bat for troubled Rawlings Sporting Goods." Hillerich & Bradsby Co. Chair Jack Hillerich, whose company owns Louis

Tags: Finance

06/21/99
OMNICOM GROUP SET TO ACQUIRE THE MARKETING ARM

Omnicom Group, the "world''s largest advertising conglomerate," has reached an agreement in principle to acquire Dallas-based The Marketing Arm, according to Andy Bernstein of the SPORTSBUSINESS JOURN

Tags: Finance

06/18/99
PEBBLE BEACH BOYS: ARNIE'S ARMY AGREES TO ACQUIRE COURSE

Pebble Beach owners have agreed to sell the golf resort to a group of investors led by golfer Arnold Palmer, former MLB Commissioner Peter Ueberroth and actor Clint Eastwood for $820M, according to Sa

Tags: Bank of America, Finance, MLB

06/17/99
QUOKKA PREPARATION FOR IPO VALUES COMPANY AT $500M

In preparation for its IPO, Quokka Sports has filed documents with the U.S. SEC that values the company at nearly $500M, according to David Crowe of the FINANCIAL REVIEW. Quokka plans to offer 5.75 mi

Tags: Finance

06/17/99
A ROCKEY ROAD FOR JUST FOR FEET: INVENTORY PROBLEMS REPORTED

AL-based athletic shoe and apparel retailer Just for Feet (JFF) is "suffering through a financial pinch brought on by the discovery of a glut of excess inventory," according to Jeff Manning of the Por

Tags: Finance, Nike, Washington Nationals

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug