Sporting Goods Industry News for September 23, 2022
Industry revenues eked out a 1% improvement in the second quarter to $55,195.0 million from $54,707.2 million while aggregate net income declined 42% to $3,396.4 million from $5,825.5 million as companies faced growing macro headwinds and a difficult comparison with last year’s strong results.
The maker of the Theragun percussive massager and other recovery aids closed on a $165 million funding round, led by North Castle Partners, and also launched its first products that expand into whole-body wellness.
Anta, which is headquartered in China’s Fujian province, is planning to build an international operations center in the city of Suzhou, Sportstextiles reported.
CLAR filed suit in SDNY Federal Court against HAP Trading, LLC and its principal, Harsh A. Padia, seeking recovery of “short swing” profits earned betting against the company’s stock.