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Sporting Goods Industry News for March 11, 2026
Net income attributable to shareholders dipped 3% last year to $381,082,000 from $392,415,000 as revenues declined 2% to $8,031,354,000 from $8,182,161,000 as retail weakness more than offset manufacturing revenues.
The teen retailer’s net income was $2,942,000 in the final quarter against a loss of $13,664,000, as the top line grew by 5% to $55,131,000 from $147,288,000, with a +10.1% blended comp more than offsetting 17 fewer stores than a year ago.
The Finnish fishing brand ended 2024 in the red, tallying a loss for the full year of €4.9 million ($5.5 mm) against a gain of €0.4 million, on sales that were up 3% to €227.5 million ($255.6 mm) against €220.9 million, 6% higher constant currency.
Interactive Strength Inc., whose portfolio already includes Wattbike, Clmbr, and Forme, completed its acquisition of the connected rowing machine maker at a maximum enterprise value of $19.5 million if all earn-outs are achieved.
The Italian technical outdoor brand appointed Deuter USA and Ortovox USA managing director Jonathan Degenhardt as CEO of its North American operations, succeeding Kim Miller after more than two decades in the role.
The outdoor co-op plans to cut starting pay and reduce benefits for existing store staff effective July 1, according to an internal memo first reported by Bloomberg.
The Milan-based insulation supplier has launched Ecodown Fibers T2T, a high-performance insulation that combines 80% post-industrial textile waste and 20% post-consumer PET bottles.
Accusing RGR of “egregiously” breaching a confidentiality agreement between the two companies, the Italian gunmaker said it remains committed to negotiations and hopes to reach a constructive settlement.
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