Nike's North American Profits Take Dip Titleist Owner Acushnet Files For IPO Sources: DraftKings, FanDuel In Talks For Merger WME-IMG Expanding Its Chinese Business WinView Brings In $3.4M In Funding Round Under Armour To Lose $120M In Sales Acushnet Reportedly Prepping For IPO MP & Silva Sells Controlling Stake Judge OKs Sports Authority Sales Plan StubHub Parent Company Buys Ticketbis
Nike's North American Growth Stalls In Q4, With Future Order Figures Deemed "Disappointing"Published in SportsBusiness Daily on 06 / 29 / 16
Nike's Q4 results ended its "long streak of strong growth" in North America, as the company's profits fell 2% and sales were flat, according to financial reports cited by Germano & Stynes of the WALL STREET JOURNAL. Driven by "gains overseas," overall revenue rose 6% for the quarter that ended M...
MSG could lose up to $15M if the Knicks "don''t survive" their first-round playoff series against the Heat, according to Philip Lentz of CRAIN''S N.Y. BUSINESS. However, Lentz added, "For almost any o
The North Face said that "it overstated" its ''98 earnings "to a much greater extent than it had previously estimated" and has restated ''98 earnings to $3.6M, or $.29 per share, down from $9.5M, or $
Austria-based Head Tyrolia Mares has acquired Penn Racquet Sports and its AZ-based tennis ball manufacturing plant from OH-based manufacturing company GenCorp, according to Peter Corbett of the ARIZON
FL-based Int''l Speedway Corp. (ISC) is "buying" 12.2 million outstanding shares of MI-based Penske Motorsports Inc. (PMI) for $50 per share in stock and cash, according to Bill Koenig of the INDIANAP
Winnipeg-based investment advisory firm Assante Corp. "is close to a deal to buy" sports law firm Steinberg & Moorad, according to sources of the SPORTSBUSINESS JOURNAL''s Josh Gotthelf. Partner Jeff
The Boston Celtics Limited Partnership (BCLP), the parent company of the Celtics, reported a net loss of $9.3M during a nine-month period ended March 31, 1999, according to an AP report. While the par
PA-based Global Sports announced the formation of Global Sports Interactive (GSI), which has signed long-term e-commerce outsourcing deals with The Athlete''s Foot, Sports & Recreation, MC Sports, Spo
Churchill Downs Inc. agreed to purchase Hollywood Park racetrack and casino in CA yesterday for $140M, making the 61-year-old track the "western outpost in the Kentucky Derby host''s growing empire,"
Fila Holdings SpA reported a net loss of $8.7M, or $.32 per share, in the first quarter ending March 31, compared with a net loss of $8.7M, or $.33 per share, in the same quarter a year ago, according
News Corp. reported that fiscal third quarter net income fell 64%, but "managed to slightly exceed" expectations, according to John Lippman of the WALL STREET JOURNAL. An area that "hurt" News Corp. e