April 26, 2024 Sporting Goods Sales Grew Over 4% Last Year, SFIA Finds
Total sports equipment, apparel, licensed merchandise and footwear sales hit $121,660 million in 2023, up 4.2% over the prior year and 27% over 2019, according to Sports & Fitness Industry Association’s 2024 Manufacturers’ Sales by Category Report. Newell Outdoor’s Sales Crater, Loss Expands
Revenues at NWL’s Outdoor & Recreation segment tumbled 26% in the first quarter to $201 million from $270 million, with core sales down 20% excluding ForEx and other impacts. Thule Q1 Driven by New Product Launches
Net income was up 9% to SEK 300 million ($28.1 mm) in the first quarter from SEK 275 million, on revenues that improved 9% (+8% CC) to SEK 2,420 million ($227.0 mm) from SEK 2,226 million. Mips Faces Q1 Tough Comparisons
The Swedish helmet technology company’s net income dropped 14% in the first quarter to SEK 12 million ($1.1 mm) from SEK 15 million, as revenues inched down 6% to SEK 83 million ($7.8 mm) from SEK 88 million and were down 6% constant currency. China Dongxiang Struggled in Final Quarter
The Chinese sportswear company’s Kappa-branded stores’ retail sales declined 10-20% in the fiscal fourth quarter ended Mar. 31, and were also down the same percentage for the full fiscal year. National Park Visits Expand in March
National Park recreational visits increased by 1% year-over-year to 22,395,024 from 22,215,789 in March, while year-to-date visits are now down 5% at 48,464,341 compared to 50,748,155.
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