A Private Phone. Secret Recordings. Inside One CEO’s Relationship With a TV Anchor.
Under Armour’s Kevin Plank shared nonpublic financial details with Stephanie Ruhle, and she gave advice on how to address negative...
Sports Goods
How Nike Sneakers Get Stolen at Every Turn
The company’s warehouses, trucks and stores are regularly targeted by organized crime groups looking to steal and resell Air Jordans....
Nike Increased Prices Along With Everyone Else and Now Discounts Are Mounting
The sneaker giant said that product markdowns as well as higher costs for product input, freight and logistics weighed on...
Peloton Recalls 2.2 Million Bikes, Customers Told to Immediately Stop Using Them
The Consumer Product Safety Commission said people should immediately stop using the bikes. Source link
Peloton’s Progress in Narrowing Losses Falls Short of Expectations
The exercise-equipment company continues to sit on high levels of unsold web-connected bikes and treadmills. Source link
Adidas to Drop Opposition to Black Lives Matter’s Three-Stripe Logo
BusinessSportswear company had challenged advocacy group’s trademark application, saying the emblem was too similar to its own Source link
Nike Sales Jump as It Works Through Inventory Glut
Profit at the sneaker maker fell 11% as it relied on higher markdowns. Source link
Adidas Slashes Dividend as Problems Mount
A slump in China and a mountain of unsold products are among the challenges facing Adidas after a bruising 2022...
Lululemon Shares Tumble on Profit Warning for Holiday Quarter
The athletic-gear maker’s earnings targets came in below Wall Street’s expectations. Source link
Adidas to Probe Misconduct Allegations Against Kanye West
Former employees say the sportswear company’s management turned a blind eye to the musician when he was working to develop...
Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
CEO Michelle Gass has been under attack from activist investors for sales declines and a steep drop in the department-store...
Nike Suspends Partnership With Kyrie Irving After He Shared Anti-Semitic Film
BusinessSportswear giant says it won’t release Kyrie 8 sneaker, one of its flagship products Source link
Peloton’s Quarterly Sales Fall Again but Losses Narrow
BusinessEarningsCompany predicts revenue could drop 37% in holiday quarter, with CEO saying turnaround is ahead of schedule Source link
WSJ News Exclusive | Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped
John Foley, the co-founder and former chief executive of Peloton Interactive Inc., PTON -3.41% faced repeated margin calls on money...
Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate Change
Patagonia founder Yvon Chouinard is giving away the multibillion-dollar outdoor apparel business he founded nearly 50 years ago, with a...
Peloton Delays 10-K Annual Report to Complete Accounting
Peloton Interactive Inc. PTON -8.50% said it needs to delay filing its annual report with securities regulators, the latest setback...
Under Armour Lowers Profit Targets for Year
Under Armour Inc. UA 2.06% lowered its profit targets for its fiscal year, saying the price markdowns and higher freight...
Peloton to Cut Price of Bikes, Raise Subscription Fees
Peloton Interactive Inc. will cut prices of its stationary bikes and treadmills and raise monthly subscriptions for online workout classes....
From GM to Powerade, Brands Pitch Mental Health
To woo consumers, hotel chains typically offer free room upgrades and complimentary breakfast. Kimpton Hotels is trying a new incentive:...
WSJ News Exclusive | A Peloton Bike and Subscription for One Monthly Fee? Company to Test New Price Plans
Peloton Interactive Co. PTON 3.95% ’s new chief executive is looking to overhaul the stationary-bike maker’s pricing strategy in a...
