Sporting Goods Industry News for February 05, 2016
Little Foot promoted Melissa Greenwell to EVP and COO effective Feb. 28. She is currently FINL’s EVP and chief human resources officer.
Net income was ¥2.3 billion ($19.6 mm) for the nine months ended Dec. 31, off 6% from ¥2.4 billion last year as sales rose 7% to ¥143.7 billion ($1,222.7 million) from ¥133.7 billion.
During a seasonally slow period, JOUT’s loss was $534,000 for the three months ended Jan. 1 compared to a loss of $4,194,000 in the prior year as sales increased 20% to $85,298,000 compared to $70,822,000.
Net loss doubled to ¥237 million ($2 million) from a loss of ¥115 million in the fiscal third quarter ended Dec. 31 on 3% implied revenue growth to ¥8,927 million ($74 million) vs. ¥8,629 million last year.
Black Diamond is recalling some carabiners, quick draws and nylon runners because of possible faults in the manufacturing process that could cause them to fail.
Adidas filed the lawsuit in U.S. District Court in FL claiming that the named websites and seller IDs were being used to sell counterfeit Three Stripes, Reebok and Mitchell & Ness branded merchandise.