February 17, 2021
Sales at Super Retail Group’s sporting goods banner gained 15% to A$623.7 million ($455.3 mm) in the fiscal first half ended Dec. 26, from A$542.8 million, including a 17.1% same store sales improvement and e-commerce sales that more than doubled to A$119.9 million.
The fitness segment sales gained 26% in the fourth quarter to $470,811,000 from $372,520,000 on strong demand for advanced wearables and cycling products, helped by the launched of the Tacx Boost indoor trainer during the quarter.
The Japanese apparel company benefitted from a ¥7,535 million windfall from the reorganization of its Descente China Holding joint venture, which drove net income of ¥6,093 million ($58.3 mm) in the fiscal third quarter ended Dec. 31 against a loss of ¥440 million last year.
Sporting Goods/Hobby/Book and Music Store adjusted revenues sustained their momentum from 2020, climbing 22% in Jan. to $8,165 million from $6,667 million last year, according to Commerce Dept. data.
Big Foot revealed its ramped-up $275 million in capital allocation plans for the year, up from $155 million last year when investments were reined in due to Covid uncertainty.
PTON says that Mad Dogg Athletics has been “abusively enforcing” its registered trademarks for Spin and Spinning, and has petitioned the USPTO’s Trademark Trial and Appeal Board to cancel the marks.