March 17, 2025 Merida Industry Swings to Loss on U.S. Writedown
Net loss attributable to shareholders was TWD 699.1 million ($21.8 mm) in 2024 against a profit of TWD 1,691.8 million, as revenues increased 9% to TWD 29,633.1 million ($923.2 mm) up from TWD 27,261.1 million. Sporting Goods Sales Slip 3.0% in February
Adjusted sales of sporting goods/hobby/book and music stores dropped 3.0% to $8,138 million in Feb. from $8,393 million in Dec., a 0.4% sequential decline from Jan., according to Commerce Dept. data.
The cooler and drinkware brand added sporting goods industry veterans Magnus Welander and Arne Arens to its board, effective Mar. 24, after discussions with activist hedge fund, Engaged Capital. Firearms Trade Mixed in December, Down for Year
Despite firearms imports trending downward through 2024, handguns were flat in Dec. at 315,193 units, according to ITC data compiled by the NSSF, as pistol imports improved 3% to 285,346 units, while revolvers fell off 21% to 29,847 units. Riddell Sues Certor Sports over Football Helmets
Riddell filed suit in DE district court accusing Certor Sports of infringing on five of its patents with its Schutt and VICIS football helmets. Etcetera: Puma, Hoka, S&S Activewear, Thermore
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