March 10, 2025 Sporting Goods Industry Growth to Slow, New Report Finds
The global sporting goods industry is expected to grow at a 6% CAGR through 2029, down from 2021-24’s 7% and 2017-19’s 8% due to slower growth in APAC, Western Europe, and Latin America, according to McKinsey and WFSGI’s Sporting Goods 2025 report. Tecnica Group Sales Fell 4% in 2024
The outdoor footwear and winter sports equipment maker’s net income was flat at €25.2 million ($27.4 mm) last year on 4% lower revenues of €517 million ($562 mm), but saw a recovery in the fourth quarter. Vail Resorts’ Retail Sales Inch Lower
Retail and rental revenue slipped 1% to $135,159,000 from $136,156,000 in the fiscal second quarter ended Jan. 31, driven by a 3% decline in sales at on-mountain retail locations. Yue Yuen Sees Footwear, Retail Down in Feb
Yue Yuen’s footwear manufacturing revenue grew 15% in Feb., to an implied $416.5 million from $363.2 million, while total revenues contracted 7% to $565,106,000 for the month. Tariff Chaos Pushes Retail Imports Higher
New tariffs on China that have already doubled from 10% to 20% added to the urgency for importers, who brought in 2.14 million Twenty-Foot Equivalent Units in Jan., a 13% jump from a year ago, according to the NRF and Hackett Associates. Dennis Veilleux Out at Colt CZ Group
The Czech parent of CZ and Colt said that Veilleux has resigned from its board of directors and is stepping down from “all management positions,” including as president of Colt CZ Group North America. Adidas Takes over Liverpool Kit Deal
The Reds announced they are ditching the Swoosh and will wear the Three Stripes for the third time in history starting with the coming 2025/26 season, in a multi-year deal believed to be worth £60m ($78 mm) a season. Etcetera: Big Peach Running, Pearl Izumi, Sierra Bullets, Nemo Equipment
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