Sporting Goods Industry News for December 07, 2021
The bottom line swung to a profit of $80,184,000 in the third quarter against the prior year’s loss of $40,643,000, on revenues that were up 31% $853,467,000 over $652,870,000, boosted by a 40.8% increase in comparable sales.
Citing “the ongoing genocides and human rights abuses in Xinjiang, as well as other human rights violations,” the Biden Administration will stay away from Beijing and China during the Winter Olympics and Paralympics, but U.S. athletes will be allowed to compete.
The U.S. Supreme Court denied a petition from Australian Leather Pty Ltd. to review a 2019 judgment that found the company’s use of the Ugg name infringed on Deckers’ trademarks.
The former MLB outfielder, who retired from baseball last spring, has purchased the 60-plus-year-old maker of waterfowl, predator, deer and turkey calls.