September 08, 2021
Net income jumped 140% to $208,074,000 in the fiscal second quarter ended Aug. 1 from $86,801,000 last year, on 61% higher revenues of $1,450,618,000 against $902,942,000 that were also up 64% from 2019.
The new 2021 State of the Industry study from the SFIA finds that the pandemic accelerated consumers’ shift towards e-commerce while improving overall participation in sports and fitness.
New owner Arklyz Group, which acquired the sneaker specialty chain from Intersport in July, has appointed industry veteran Matt LaFone as president and GM of the Americas region.
Asics’s investment subsidiary, Asics Ventures, has made an unspecified investment in Deportare Technologies Inc. which operates the Healthcare Catalyst College to develop fitness trainers.
A PA Superior Court panel upheld a lower court ruling, awarding DKS $414,142.82 in attorneys’ fees and expenses from Taiwanese supplier Dalps & Leisure Products Supply Corp.