Sporting Goods Industry News for January 28, 2015
Ingemie will end a 40-year career after the 2016 SIA Snow Show, tentatively slated to end on Jan. 31, 2016.
The company, slated to be formally spun-off from Alliant Techsystems on Feb. 9, had a net loss of $11,169,000 against income of $33,365,000, which included a $52 million pre-tax impairment charge related to the Savage acquisition that resulted in only a $4 million tax benefit.
The campaign, dubbed “Be More Human,” is said to be Reebok’s largest brand campaign in a decade. Aimed at changing how people perceive and experience fitness, “Be More Human” will make its debut with a television spot on NBC during Super Bowl Sunday on Feb. 1.
The Footwear Distributors and Retailers of America spoke on behalf of the footwear industry Jan. 27 as U.S. Trade Representative Michael Froman testified before the U.S. Senate Finance and House Ways and Means Committees on the potential impact of the Trans-Pacific Partnership.
The Finish Line subsidiary added Raleigh Running Outfitters to its portfolio, bringing the total number of stores in RSG to 68 in 15 states plus the District of Columbia.
After a year when footwear exports rose 23.1% to $10.34 billion, Vietnam’s General Statistics Office is forecasting a 23.2% increase in January footwear exports to $1.05 billion.
More than half of U.S., European and Australian retailers intend to implement a unified commerce platform in the next few years with 86% of 300 surveyed retailers planning to execute one over the next decade.