Sporting Goods Industry News for December 02, 2024
Early analyst findings for the Thanksgiving Day through Small Business Saturday period show mostly green arrows across KPIs and a growing share of mobile shopping, though some static emerged around in-store traffic as shoppers spread their visits through the weekend at the expense of Black Friday dominance.
The high-end Japanese club maker's bottom line fell ¥845.3 million ($5.7 mm) into the red in H1 ended Sep. 30, against a profit of ¥3,329.5 million, as revenue slipped 26% to ¥9,814.5 million ($65.8 mm) from ¥13,194.8 million.
The footwear maker's net income attributable to shareholders swung to a loss of HK$ 12,967,000 ($1.7 mm) against a profit of HK$ 21,909,000 in the fiscal first half ended Sep. 30, on 15% lower revenues of HK$ 326,065,000 ($41.7 mm) from HK$ 383,032,000 last year.
The team sports and outdoor gear distributor plans to revitalize the operations of Vancouver-based G3, adding it to a portfolio of 17 brands that includes STX, Prince, Adidas and many others.
The college licensing pioneer and founder of Collegiate Licensing Company passed away on Nov. 27 at the age of 82 after a fight with cancer.
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