Featured Story

Source: Nike Changes Course, Agrees To Sell Some Products Directly Through Amazon

Published in SportsBusiness Daily on 06 / 22 / 17

Nike has "agreed to sell some of its products directly" through Amazon, a "concession by the sneaker giant that it can no longer afford to ignore the online retailing behemoth," according to a source cited by Germano & Stevens of the WALL STREET JOURNAL. While Nike sells its shoes and sport...

Read More

Tags: Nike, Finance, Amazon

More Stories

03/05/99
INDIANS YEAR-END REPORT SHOWS INCREASE IN GROSS REVENUE

Cleveland Indians Baseball Co. reported that gross revenues increased from $140M in ''97 to $144.5M last year, according to David Adams of the AKRON BEACON JOURNAL. The rise in the team''s gross reven

Tags: Cleveland Indians, Finance

03/04/99
CALLAWAY SAYS IT'S STILL IN THE BALL GAME, HIRES 130 WORKERS

Callaway Golf "plans to add about" 130 manufacturing jobs "during the next month or two" at its new golf ball plant in Carlsbad, CA, according to Bruce Bigelow of the S.D. UNION-TRIBUNE. Callaway, whi

Tags: Callaway Golf, Finance

03/03/99
VENATOR SAYS IT WILL MEET ESTIMATES; DEVELOPS INTERNET ARM

Venator Group said yesterday that it "has formed a unit to focus on Internet and catalogue sales and that it would reduce operating costs" by $100M and cut capital spending 68% this year to increase p

Tags: Finance, NFL

03/03/99
AMERICAN SKIING'S DOWNHILL RUN: REPORTS SECOND QUARTER LOSS

ME-based American Skiing Co. (ASC) "suffered worse- than-expected financial results in the second quarter," according to Dean Lunt of the Portland (ME) PRESS-HERALD. ASC reported a $10.8M loss for the

Tags: Finance

03/02/99
THE NORTH FACE TO GO PRIVATE AFTER INTERNAL ACQUISITION

CO-based The North Face Inc. "will be taken private" by L.A.-based investment firm The Leonard Green & Partners and North Face CEO James Fifield, according to Robert Schwab of the DENVER POST. The Leo

Tags: Finance

03/01/99
ALLEN FAMILY IN TALKS WITH TELLEM ON NEW SPORTS CONGLOMERATE

Herb Allen Jr.''s investment banking company, Allen & Co., "is considering launching a sports and entertainment company to compete with the likes" of IMG and SFX Entertainment, according to Josh Gotth

Tags: Finance, IMG

02/26/99
SF-EXCELLENT YEAR, SMITHERS! COMPANY SEES BOOST TO REVENUE

SFX Entertainment reported a year-end loss of $68.7M, compared with a $3.8M profit from a year ago, as the company spent $1.5B in acquisition costs, according to Jay Sherman of the HOLLYWOOD REPORTER.

Tags: Finance

02/18/99
VENATOR GROUP NAMES NEW PRESIDENT AFTER JOHNSON RESIGNS

The Venator Group promoted Bruce Hartman to CFO & Senior VP, following the resignation of Reid Johnson from both positions, according to the WALL STREET JOURNAL. Johnson''s move followed a "debt-ratin

Tags: Finance

02/18/99
OAKLEY NAMES NEW PRESIDENT, REPORTS REVENUE INCREASE

CA-based Oakley has named a new President and reported an increase in fourth-quarter earnings, according to Kirsten Searer of the ORANGE COUNTY REGISTER. Oakley promoted Colin Baden from VP/Design to

Tags: Finance, Oakley

02/17/99
TOUGH DAY ON THE COURSE: FAMILY GOLF DROPS 44% ON THE STREET

NY-based Family Golf Centers "lost almost half its market value" yesterday, "plummeting 5 15/16, or 44%, to a 52-week low of 7 1/2," according to the WALL STREET JOURNAL. FGC said its fourth-quarter e

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug