Sporting Goods Industry News for December 19, 2014
Still struggling to optimize its mix on basketball and running in its flagship division, Finish Line reported net income of $2,578,000, up 12% from $2,318,000 for the quarter ended Nov. that was boosted by a one-time tax benefit of $4.3 million left over from the Man Alive deal.
The global soccer organization will open the kimono a bit more on the process that led to its decision to award the 2018 World Cup to Russia and the subsequent 2022 event to Qatar.
These are the guys who made their dough in the sporting goods business and now have at least three commas in their net worth.
Eagle Nice net income rose 51% to HK$63,710,000 ($8.2 mm) from HK$42,208,000 for the six months ended Sep. 30.
Gildan Activewear names James Kehoe as EVP, CFO and chief administrative officer to replace the retiring Laurence G. Sellyn on Jan. 1.
New Balance and various Karl Lagerfeld entities, and Net-A-Porter Group have settled a lawsuit filed by NB concerning its trademarks and trade dress and the design of Lagerfeld’s casual footwear line.