July 19, 2019
While there was some strength in cycling, golf and winter sports, that was partially offset by weakness in the hunting and team markets, the global equipment market managed a 3.0% increase in 2018 globally to an estimated $80,051 million from $77,692 million with the U.S. market up just 1.4% to an estimated $34,505 million from $34,136 million and the international market growing at a 4.6% clip to an estimated $45,546 million from $43,556 million.
Net income increased 17% for the first half of 2019 to €29,700,000 ($33.4 mm) from €25,485,000 on 7% higher sales of €682,636,000 ($767.0 mm) up from €635,872,000 attributed to surging e-bike sales in Europe.
The judge presiding over the bankruptcy of Ellet parent SportCo approved the unsecured creditors’ motion from earlier this week and ordered the debtors to comply with any reasonable document requests from the committee and Emerald related to the going concern sale process.
The Eager Beavertons’ response to their former endorser’s suit over ownership of the Claw logo claims that Leonard did not create it, but merely provided a crude sketch to Nike’s design team.
The Big a’s collaboration with Arizona Iced Tea planned a limited release of two original sneaker designs for just $0.99 a pair at a pop-up store in SoHo.