Sporting Goods Industry News for October 15, 2024
The Big a bumped up full-year guidance again following stronger-than-expected third-quarter results, as the brand’s turnaround under Bjorn Gulden continues to gain steam and its arch-rival Nike is waiting for direction from new CEO Elliott Hill.
Millennials are showing the highest propensity to spend in Holiday 2024 according to Experian’s latest seasonal findings, as 36% of the generation’s respondents plan to spend more, 40% expect to stay flat with ‘23 and 24% plan to spend less.
The camo maker inked an agreement to acquire Blizzard Buddy, expanding the company’s technical apparel line.
FOXF was hit with a proposed shareholder class action filed in GA district court by Daniel Bardos, naming CEO, Michael Denison, CFO, Scott Humphrey and several directors as defendants.
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