Sporting Goods Industry News for September 21, 2018
Aggregate profit in the second quarter increased 5% to $2,554 million this year from $2,435 million and would have been stronger except for large one-time charges and ForEx swings at a few companies on a broadly stronger performance across sectors, as industry revenues climbed 9% to $42,084 million from $38,492 million.
The Japanese premium apparel brand has established Descente Athletic Americas (DAA), its new U.S. subsidiary located in Atlanta, GA, as the beachhead for an aggressive expansion strategy here.
The company’s Tenkan-Ten (Tipping Point) program, which was established by Asics in Nov. 2016, has chosen five recent start-ups for €30,000 awards and management and strategic support.
The Big a bought the whole front page of nine U.S. major city newspapers to advertise the Adidas Yeezy Boost 350 V2 Triple White with the words “We Love” repeated in several languages.
Titan Manufacturing is recalling about 970 weight lifting safety straps because stitching in the strap can come loose causing heavy weights to fall on users.