Sporting Goods Industry News for July 01, 2016
Following a year in which consumers continued to challenge retailers with new shopping habits, port disruptions, some funky weather and a weak Holiday shopping season, the mean compensation for sporting goods retail executives declined to $1,998,069 from $2,029,131 against the prior year.
While the outdoor industry has made some major advances in material development over the past couple of years, many companies are now turning their attention to solving the bedeviling issue of how to create high-performance, environmentally friendly rain gear.
The sneaker maker, which finalized a management transition after the tragic death of its CEO in a stabbing, reported net income rose 30% to HK$120,205,000 ($15.5 mm) from HK$92,480,000 for the FY ended Mar. 31.
Implus acquired Spenco’s insole and 2nd Skin medical adhesives lines and will integrate them into its insole business which includes Sof Sole and other brands.
On the last day possible, the USTR approved the treatment for products imported from AGOA and least developed countries and a decision was said to be pending on extending duty free status to products from all Generalized System of Preferences countries.
The rating slipped to SGL3 from SGL2 for its liquidity, both speculative grades, for Performance Sports Group.