July 25, 2023
Tumbling bike component sales contributed to another down quarter, with net income falling 24% to ¥30,175 million ($219.7 mm) from ¥39,818 million on 14% lower revenues of ¥137,179 million ($998.6 mm) down from ¥159,639 million.
Heading off a strike that could have cost the U.S. economy billions a day, UPS and the union representing over 330,000 drivers and other workers tentatively agreed on a new contract said to be worth about $30 billion.
Retail sales of performance footwear styles increased 5% in the second quarter to $1.9 billion, Circana’s retail tracking research found, though total U.S. footwear revenue was down 5% at $10.3 billion.
The former head of Newell Brands’ Outdoor & Recreation business segment has been appointed CEO of the commercial fitness equipment supplier, succeeding Paul Stoneham, who is transitioning to an advisory role on Life Fitness’ board.
Serving as POWW’s president and COO since Jan., the 17-year industry veteran will take the reigns from Fred Wagenhals as CEO, as part of a planned succession.
The headwear, apparel and accessories maker is changing its name to Imperial, the company it acquired late in 2012, to better reflect its flagship brand and to position itself to expand into new markets and forge new partnerships.
The Johnson Health Tech-owned exercise equipment maker is partnering with the equipment-agnostic app maker that provides indoor cycling and running workouts.
Firearms imports posted another slow month in Mar., according to ITC data compiled by the NSSF, with handgun imports declining 15% to 391,649 units, including a 17% drop in pistol imports to 355,053, while revolvers were up 9% to 36,596.