|
Sporting Goods Industry News for August 19, 2026
After a boost from an earlier Prime Day in June and competing events from other retailers, spending has flattened, and shoppers are focusing on need-based purchases and careful price shopping, according to several mid-season surveys.
Net loss in the final fiscal quarter ended June 29 totaled $1,193,000 against a $15,470,000 profit last year that included a $25.2 million net gain from the sale of a manufacturing facility and other on-time items, as revenues increased 4% to $144,224,000 from $138,535,000.
The TJX-owned outdoor retailer posted a “very strong” second-quarter comp increase in both stores and online, ending with 156 doors after adding three new locations.
The Big Cat announced that 25-year Puma veteran Johan Adamsson has decided to step down as VP global sports marketing & sports licensing effective Aug. 31, citing personal reasons.
|