January 05, 2024
After 2022’s bloodbath where public sporting goods companies’ valuations plunged by a third, their weighted average gain in local currencies was just over 2% last year, well below the double-digit increases in most global stock markets.
The Chinese sportswear giant said its final quarter revenue from the core Anta brand was up high-teens, and ended the year with high-single digits growth, as the lifting of the PRC’s Zero Covid policies boosted consumption this year.
S&P Global weighed in on the impact of an Amer IPO on its credit rating, placing the company on CreditWatch Positive with hope that the public listing will result in lower debt levels.
The Amer Sports-owned brand has won a temporary injunction barring The Big a using the name “Terrex” on its outerwear-focused store in Vancouver, Canada according to a British Columbia Supreme Court judge.
Firearm imports were up in Aug., after experiencing seven consecutive months of declines, according to ITC data compiled by the NSSF, with handgun imports increasing 7% to 313,122 units, including a 4% improvement in pistol imports to 264,199 units, while revolvers expanded 26% to 48,923 units.