April 18, 2019 COMING TOMORROW: EXCLUSIVE UPDATE ON MODELL’S
SGI will have the latest insight into the chain’s future in tomorrow's issue. Skechers’ Bottom Line Slips in Q1, but International is Going Strong
Net income decreased 8% to $108,758,000 from $117,652,000 for Q1 2019 while revenue grew 2% to $1,276,756,000 million from $1,250,078,000. The company achieved a new quarterly sales record, despite a late Easter falling in Q2, negative foreign exchange rates and challenging domestic environment. Golf Participation Increased in 2018
Total participation in the U.S. inched up 1.7% to 24.2 million people aged six or higher last year from 23.8 million in 2017, but rounds played declined 4.8% to 434 million, according to the NGF’s 2018 Golf Industry Report. Escalade Net Drops in Seasonally Small Q1
Net income plunged 78% in the first quarter ended Mar. 23 to $267,000 from $1,216,000 on flat sales of $32,102,000 vs. $32,149,000 in the company’s slowest period. Stella Sales Gain in Q1 on Fashion Athletic
Revenue at the footwear maker increased 6% in the first quarter to $312.6 million from $294.6 million, assisted by a 7% gain in its manufacturing business to $307.1 million on continued strong demand for fashion athletic footwear. Adidas Launches 100% Recyclable Sneaker
The Futurecraft Loop is made from a knitted upper using reusable thermoplastic polyurethane developed by BASF that can be fused to the boost midsole without glue at the Big a’s Speedfactory facilities. Handguns Down, Long Guns Up in January Firearms Trade
Handgun imports decreased 21% to 161,173 units to start 2018, with pistol and revolver imports both down, and handgun exports decreased 34% to 21,487 units, also reflecting lower volumes of both pistols and revolvers. Sporting Goods Sales Drop Double Digits in March
Adjusted sales for sporting goods/hobby/book and music stores fell 10% last month to $6,273 million from $6,943 million in Mar. last year, according to Commerce Dept. data. Etcetera: Makura Sport, Rack Room
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