Sporting Goods Industry News for November 19, 2019
Active sales accelerated in Q3 with a 7% increase in apparel and a return to positive sales in footwear as the retailer continues to focus on the category as its main growth driver.
The multi-banner Japanese retailer reported comprehensive net income of ¥355 million ($3.3 mm) in the fiscal first quarter ended Sep. 30 against a loss of ¥382 million last year, as sales increased 6% to ¥57,683 million ($537.4 mm) from ¥54,261 million.
The camping products brand, which filed for bankruptcy a year ago, has been acquired by Pacific & Everest Lifestyle Company and will relaunch in Dec. with an e-commerce website and retail store in Portland, OR.
ASAT is suing Supreme New York parent Chapter 4 Corp. for using its copyrighted camouflage design in “tribal camo” caps, pants and jackets that dropped Sep. 5.
United National Closeout Stores is recalling about 1,500 Ontel ISO7X isometric exercise devices because the handle grips on each end can break during use and cause parts to be forcefully ejected from the shaft.