All Other Financial articles
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ArticleMoody’s cuts Nike’s senior-unsecured rating on cost pressures
Nike has seen its senior unsecured debt rating downgraded by Moody’s Investors Service from A1 to A2 because of margin pressures and elevated costs.
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ArticleHettas Crowdfunds Growth for Women’s Footwear
Canadian women-focused running shoe brand Hettas begins equity crowdfunding on FrontFundr, inviting community investors to join its mission and fuel new product-and-research growth.
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News briefsS&P lowers Nike’s rating
S&P believes Nike will require “multiple years to regain the market share lost to both apparel and footwear competitors”.
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News briefsNBA’s basketball-related revenue falls short this season
Players with the highest salaries will be suffering the largest pay cuts.
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ArticleMoody’s lowers Under Armour’s rating
Moody’s expected a turnaround strategy to boost UA’s operating margin and earnings in 2026.
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News briefsChina to impose new tariffs on US goods
As of April 10, China will impose a 34-percent tariff on all products imported from the US, according to Xinjua.
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ArticleTrump’s tariffs: Reactions from within the sporting goods industry and beyond
Few outside the US are happy with the new tariffs that President Donald Trump has just set.
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ArticleUS President Trump sets ‘reciprocal tariffs’
US tariffs on goods from Vietnam, where much sports manufacturing has moved from China, are more than doubling.
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ArticleESPN to drop MLB next year
MLB said that ESPN has been scaling back its baseball coverage and investment “in a way that is not consistent with the sport’s appeal or performance.”
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ArticleMore evidence of pickleball’s rise outside the US
The annual growth rate (CAGR) of the sport is 9 percent per year from 2020 to 2030, our research shows.
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ArticlePerfect Moment gets non-compliance letter from NYSE
Perfect Moment has been notified that the company does not meet the minimum stockholders’ equity requirements.
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ArticleAlibaba upgrades its secondary listing
The Chinese operator of the world’s largest online trading platforms is upgrading its Hong Kong listing to attract Chinese investors from the mainland.
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ArticleAdidas raises FY forecast after better-than-expected Q2
Adidas continues to surf the wave of success of the Q1 report from May. The company’s sales rose 9 percent to €5.822 billion in Q2. The significantly smaller Yeezy business had a negative impact on the year-on-year result.
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News briefsAsics lifts guidance, reports strong first half
Bolstered by double-digit sales growth across all global regions in Q2, Asics Corp. raised its full-year guidance late last week. The Japanese group is now forecasting 11.9 percent annual revenue growth to ¥660,000 million (€3.82bn) and a 64 percent increase in operating income to ¥95,000 million (€550.1m) for the 12 ...
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News briefsPeloton shares drop as company announces $275m debt offering and refinancing plans
Shares of Peloton Interactive, Inc. tumbled by 16.3 percent following the announcement of the company’s plans for a comprehensive global refinancing effort. The fitness giant revealed it would issue $275.0 million in convertible senior notes due in 2029 as part of a private offering. Additionally, Peloton plans to secure a ...
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News briefsAllbirds faces Nasdaq pressure to boost stock price
Allbirds is facing pressure to increase its share price after receiving a warning from Nasdaq regarding its stock performance. The sustainable footwear brand disclosed that its Class A common stock had consistently closed below $1 per share for 30 consecutive days, violating Nasdaq’s regulations. Allbirds now has six months to ...
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ArticleLi Ning considers privatizing sportswear firm amid market challenges
Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape. Li founded Li ...
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News briefsAnta Sports and Alibaba among first companies to introduce HKD-RMB Dual Counter Model
The Hong Kong Exchanges and Clearing Ltd (HKEX) officially launched the “Dual Counter Model” for Hong Kong Dollar (HKD) and Yuan (RMB) on June 19. This is intended to strengthen Hong Kong’s role as an international financial center by bringing more liquidity and vitality to the stock market. Anta Sports ...
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News briefs2022 confirmed as a bleak year for U.K. businesses
The number of profit warnings issued by U.K.-listed companies in 2022 increased by 50 percent year-on-year, with record levels of these warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report (member firm of Ernst & Young). In total, 305 profit warnings were issued in 2022, an increase ...
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ArticleAnalysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022
According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...
