Hints and tips:
...US golf star Tiger Woods is leaving Nike after 27 years, ending one of the most transformative endorsement contracts in modern sport....
...When Tiger Woods announced he was ending his decades-long partnership with Nike in January, it was Riswold who bade farewell to the golf legend in an advertisement for the brand published in The New York...
...In other words, the upside for outfitting a generational talent in a non-core sport like golf may be waning for Nike....
...Fenway Sports Group has signed up to enter a Boston-based team in TGL, the new virtual golf league backed by Tiger Woods and Rory McIlroy. The competition is due to launch in January....
...By the mid-2000s, two of its most famous faces were Tiger Woods and Lance Armstrong: not because the swoosh was known for golf equipment or cycling clothes but because these athletes embodied Nike’s win-at-all-costs...
...Automation an automatic choiceJapan Inc has found a new purpose for automation: business continuity in the uncertain era of Covid-19....
...The company behind Air Max trainers, Jordan basketball shoes and Tiger Woods golf gear has gone from strength to strength, with its market capitalisation of $143bn putting it in the top 50 of US companies...
...Nike, Adidas, Jordan, they're making great shoes for girls too, and women, and I think that women are a major focus inside Nike in particular....
...It led to some people buying Nike shoes — and others to burn them....
...Our basket, including delivery, was 19% more expensive at JD online, compared to brands’ own websites, or 7% more expensive excluding a recent Nike promotion....
...The hotel would also remain open in summer, partly to serve the golf course....
...He wears windbreakers and fleeces designed at the $6.5bn Nasdaq-listed outerwear giant’s headquarters in rainy Oregon, down the road from Nike Inc. At 69, the avid golfer also enjoys hunting....
...Big suppliers including Nike, Adidas and sportswear group Under Armour are struggling to find the next big hit....
...Despite sponsoring golf superstars Tiger Woods and Rory McIlroy, Nike quit making equipment in 2016. Adidas sold TaylorMade for $425m to a private equity firm in May this year....
...The best template may be the golf equipment sector where a similar shakeout began three years ago....
...Since then, rounds played have flattened and growth prospects have dimmed enough that Nike and Adidas have largely exited the golf business. But Apollo could have a real play....
...In May the company said that it would look for buyers for its golf club brand TaylorMade (like Nike, Adidas wants to keep selling golf shoes and clothing)....
...Both Nike and Adidas have this year decided to exit the golf equipment businesses, and the game itself is being challenged by cycling as the preferred choice for corporate networkers....
...The company however said that its gross margin declined by 2 percentage points to 45.5 per cent as a result of one-time factors like foreign exchange, the company’s decision to exit the golf business and...
...Analysts also said Nike’s decision to exit the golf equipment business could have weighed on its results....
...It produces goods in China under those brands and sells them alongside more expensive items from Nike and Adidas....
...Golf has been in decline and rivals like Nike and Adidas have pulled out of selling equipment for the sport. Overall sales rose 10 per cent to $1.81bn, just ahead of estimates....
...(Mr Woods’ fall from grace and form, together with golf’s declining popularity, undoubtedly influenced Nike’s recent decision to discontinue its golf club manufacturing business.)...
...Nike said on Wednesday that it would stop selling golf equipment, but Mr Hainer said he did not expect this to have any impact on Adidas....
...performance on Wednesday, revealing that — excluding currency moves — revenues rose 30 per cent in China, and 22 per cent in the key North American market, where Adidas is trying to make up ground on competitors Nike...
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