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February 16, 2024


Nike Planning 1,600 Corporate Layoffs

The Eager Beavertons announced a two-year, $2 billion plan to reduce costs on its Dec. earnings call, and they have now revealed that about 2% of corporate positions, or about 1,600 jobs, will be eliminated.

True Velocity Reverse Merger Finally Moves Forward

Breeze Holdings, a special purpose acquisition company, filed a registration statement outlining its proposed merger with TV Ammo, and if the deal wins approval, the merged company will be renamed as True Velocity, Inc. and trade on Nasdaq.

ProGuard Sports Distribution Center to Liquidate

The MN-based hockey distributor has announced it will liquidate its inventory and equipment in an online auction, hosted by K-Bid.

CPSC Recalls: Bike Helmets, Climbing Sticks, Fuel Bottles

Bell Sports is recalling about 4,825 Bell Soquel youth helmets because the strap anchor can become dislodged from the helmet when sufficient force is applied.

Etcetera: On Running, Slim Pickins Outfitters, St. Croix Fly, Forward Outdoor, Garmin

 
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