Play by Play: Skechers (NYSE: $SKX) Brings Back 90s Sneaker Line and Daktronics (NASDAQ: $DAKT) Provides Equipment for Texas Rangers' New Ballpark
Point Roberts, WA and Delta, BC - May 8, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research issues today's edition of Play by Play covering what's new in sports headlines and recent news from publicly traded companies in the sector.
Play by Play; #Skechers (NYSE: $SKX) Brings Back 90s Sneaker Line and Daktronics (NASDAQ: $DAKT) Provides Equipment for Texas Rangers' New Ballpark
Skechers (NYSE:SKX) is resurrecting its classic 90s line of sneakers, including Skechers Roadies, Skechers Cleats Retro and Skechers Heartbeats. The Roadies will be the first to hit stores, and feature a "lugged outsole inspired by the brand's first style, a Skechers Sport Utility logger boot". Michael Greenberg, president of Skechers, commented:
"Building off the chunky sneaker trend dominated by our Skechers D'Lites collection, we felt it was the perfect time to bring back our first fashion sneakers that started it all-Roadies, Cleats Retro, and Heartbeats. We've seen fashionistas gravitating towards '80s and '90s style. Reintroducing these three designs as part of this fresh Skechers Heritage revival collection is sure to create a new generation of fans for our most iconic Skechers styles."
Daktronics, Inc. (Nasdaq:DAKT) is providing nine LED displays and approximately 1,400 LCD for an IPTV (Internet Protocol Television) system for the Texas Rangers at the team's new Globe Life Field in Arlington, Texas. Chuck Morgan, the Rangers Executive Vice President, Ballpark Entertainment, said:
"The Rangers and Daktronics have enjoyed a great partnership that dates back to 1993. With its state-of-the-art technology, Daktronics has assisted us in providing the best possible ballpark entertainment for our fans for many years."
Celtics Fight for Survival Tonight Against Bucks in Milwaukee While Rockets and Warriors Look to Break Series Tie, Colorado Avalanche and San Jose in Game 7 Tonight and Tokyo Olympics Struggle with Rising Costs for 2020
The NBA conference semi-finals are pushing on with the Boston Celtics playing in Milwaukee against the Bucks for game 5 of their series, and Houston playing the Golden State Warriors in Oakland for their fifth game tonight. The Celtics are currently down 3-1 to Milwaukee heading into tonight's game while the Rockets and Warriors are tied in their series. Last night saw the Raptors take a 3-2 series lead against Philadelphia with a 125-89 victory, and Denver pulled ahead of Portland with a 124-98 win, giving them a 3-2 series lead as well.
In the NHL playoffs, the San Jose Sharks host the Colorado Avalanche tonight in game seven of their second round series. The winner of tonight's game will face the St. Louis Blues for the Western Conference final. The Blues eliminated the Dallas Stars last night in a tight 2-1 victory, with St. Louis left-winger Pat Maroon scoring the winning goal in overtime. Blues goalie Jordan Binnington, who made 29 saves in the game, told NHL.com:
"Obviously, we had lots of shots and the puck was in their end a lot of the game (outshot Dallas 31-4 in second and third period), and as a goalie you just have to be patient and stay composed and just believe in your team. Pat Maroon came in huge."
For the Eastern Conference finals, the Carolina Hurricanes open their series in Boston against the Bruins on Thursday night.
The Associated Press reports that Tokyo Olympics organizers are being face with having to make budget cuts. The problem does not appear to be a lack of money - the event has $5.6 billion from private funding, $3 billion from local sponsorships and $15 billion from the government, making it twice the budget of the Rio Olympics in 2016. Rather, the need for spending cuts is coming from an increase in costs, according to Tokyo Olympics spokesman Masa Takaya.
"Because Tokyo 2020 has been promoting the maximum use of existing facilities, naturally Tokyo 2020 is assuming the increased cost of the overlay and temporary facilities projects."
Additionally, the bill for the opening and closing ceremonies has reportedly risen by 40 percent, helping to push the estimated cost of the games to three times the initially expected $7.3 billion.
By Samuel Mowers at Investorideas.com
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