Sporting Goods Industry News for June 19, 2019
Net income gained 28% to $9,825,000 in the final fiscal quarter ended Apr. 30, up from $7,664,000, on sales that increased 2% to $175,734,000 from $172,026,000 with firearms up 5% to $140.7 million but outdoor products down 3% to $42.2 million.
The EU General Court in Luxembourg ruled against Adidas’ attempt to broaden its iconic trademark to cover “three parallel equidistant stripes of equal width applied to the product in whichever direction,” from the current registered mark for slanted stripes.
The Chinese softgoods company saw profits slip 27% to RMB866 million ($130.9 mm) for the 15 months ended Mar. 31, its new fiscal year end, from RMB1,189 million in the comparable period last year.
The team dealer is suing Big Foot and former BSN employees Rhanda Hinote, Caren Fiorillo, Keitha Hall, and Rebecca Faiella for violating confidentiality and non-compete agreements.
DECK is suing Aeropostale parent Aero Opco LLC in Central CA District Court for knocking off its Ugg Bailey Button trade dress and D599,999 patent with a similar looking suede and fleece boot.