June 27, 2022
Net income in the final fiscal quarter ended May 31 slipped 5% to $1,439 million from $1,509 million, as a double-digit decline in China combined with a difficult comparison in North America to send revenues down 1% (+3% CC) to $12,234 million from $12,344 million.
BSN Sports has picked up its latest high profile acquisition with Big Foot’s team sports division that is currently operated under the East Bay banner, the two parties announced.
Yue Yuen’s Chinese retail subsidiary appointed Wang Jun as new acting chief executive officer on July 1, succeeding Shao-Wu Lee who is stepping down from the post to become chairman.
Strength equipment supplier Eleiko elevated 10-year veteran Magnus Nyberg to president of Eleiko USA, succeeding Rickard Blomberg who will remain with the company and maintain an advisory role.