Sporting Goods Industry News for November 25, 2015
One of my favorite lines from a retailer was a 2014 comment made informally, just as the firearms market had come off a record year of sales. “Barack Obama is the greatest gun salesman of all time,” the CEO of a retailer told me.
Since 1993, we have been compiling a directory for the sporting goods business. We have a few databases from the past that, along with some of the research we do every year on the floor space of major sporting goods chains, provides some interesting snap shots about what’s been happening in our industry.
Athos intends to use the money to continue to drive innovation in wearable fitness technology, scale up to support consumer demand, and grow its team (recent additions include COO Don Faul and VP product Rose Yao, both of whom have served stints at Facebook and Google).
J&F Investments has agreed to pay BRL 2.67 billion ($716 mm) for about 44% of the Brazilian maker of footwear and apparel, taking over the shares that had been controlled by Camargo Correa.
IAAF president Sebastian Coe, who is paid £100,000 per year as a Nike ambassador, is coming under fire for playing a role in helping Eugene, OR’s successful bid for the IAAF World Championships in 2021.