March 14, 2025 Giant Group Takes Huge Inventory Writedown
The Taiwan-based bike maker reported full-year revenues of TWD 71,278.8 million ($2,220.5 mm), down 7% from TWD 76,953.5 million in 2023, pressured by lower demand in the U.S. and Europe that persisted through the year.
Ex-Numero Uno makes its return to the Performance Golf category this month with its Nano, Question, and OG Pump footwear offerings. Fox Factory Shareholder Suit Dismissed
A GA district court dismissed a proposed derivative class action that accused FOXF and several directors of misleading investors by failing to disclose that bike demand had significantly diminished after the pandemic. NSGA Vows Solidarity with Canadian Sporting Goods Industry
The National Sporting Goods Association’s president and CEO Matt Carlson and chairman Gordon Geiger drafted an open letter of support and commitment to working with the members of the sporting goods industry in Canada. Etcetera: Lloyd Haymes, Crocs, Fiocchi, REI, Fanatics
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