Sporting Goods Industry News for February 20, 2018
The multi-banner Australian retailer is paying A$135 million ($103.8 mm) for the New Zealand-based outdoor retailer that operates 54 doors in both countries, and will combine the chain with its 15 Ray’s Outdoor stores under the Macpac banner.
The bottom line swung to a $4,396,778 profit against a loss of $634,249 last year in the final quarter boosted by 230 basis points of gross margin improvement despite flat sales at $66,993,982 against $66,950,298.
GRMN has acquired Trigentic AB, which sells embedded systems, power supply and power distribution products for the marine and RV under the EmpirBus brand.
Nemo Equipment is recalling about 15,500 Stargaze Recliner lifestyle camping chairs because the straps on the chair seats can fail.