Sporting Goods Industry News for March 07, 2025
Net income in the final quarter was up 26% to $34,381,000 from $27,189,000 for the Journeys’ parent, as total group revenues climbed 1% to $745,949,000 to $738,950,000 including a 10% comp that more than offset the past year’s 63 net store closures.
The ratings agency affirmed the BB- issuer credit rating on Fanatics Commerce’s senior secured term loan and the Collectibles’ division’s senior secured credit facility, while maintaining a negative outlook.
National Park recreational visits were up 1% year-over-year to 13,131,770 compared to 12,970,984 in the seasonally small month of January.
A DE bankruptcy court will allow Liberated Brands, which lost its licenses for the former Boardriders brands along with Volcom and Spyder in Dec., to implement its asset auction once the company revises its list of stalking horse bidders.
|