Sporting Goods Industry News for February 14, 2025
In observance of the Presidents’ Day federal holiday we will not be publishing on Monday, February 17. We will resume publishing on Tuesday, February 18.
The Japanese sportswear brand’s net loss narrowed to ¥1,134 million ($7.4 mm) from a loss of ¥5,008 million prior in the typically red fourth quarter, as revenues jumped 25% to ¥153,072 million ($1,004.4 mm) from ¥122,358 million.
The luxury skiwear and lifestyle brand’s bottom line swung to a loss of $2,482,000 from a profit of $1,204,000 on sales that were down 8% to $11,658,000 from $12,726,000 prior for the third quarter ended Dec. 31.
The category’s recovery to end 2024 was short lived, as Jan. adjusted sales of sporting goods/hobby/book and music stores fell 4.1% to $8,044 million from $8,387 million and dropped 4.6% from Dec., according to Commerce Dept. data.
The Eager Beavertons may be close to settling the sex discrimination and gender pay inequity suit after seven years as preliminary agreements have been written but not formalized or signed, the Portland Business Journal reported.
Clarus is recalling Black Diamond Recon LT transceivers because a metal contact in the switch mechanism may corrode and cause them to malfunction.
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