Sporting Goods Industry News for October 03, 2024
The analytics firm is finding U.S. consumer sentiment up year-over-year heading into Holiday but trailing the lockdown-rebound peaks of 2021, highlighted by a 2% increase in planned consumer spending to $771 over Holiday ‘23 but slipping 2% from ‘21 heights.
Levi Strauss’ yoga brand grew sales 19% to $32.2 million in the fiscal third quarter ended Aug. 25, partially offsetting a 15% drop in Dockers that sent LEVI’s other brands segment down 7% to $106 million from $114 million.
S&P Global Ratings raised ASO’s issuer credit rating to BB+ from BB due to the retailer sustaining leverage below 2x despite soft demand.
The K2, Marker, Dalbello, and Volkl parents elevated COO Josee Larocque to CEO, succeeding John Colonna, who is leaving the company to pursue other opportunities after three years in the role.
Total U.S. snowsports participants crested over 30 million for the first time, boosted by snowboarding and sledding strength and the youth cohort, according to Snowsports Industries America’s 2023-24 Participation Study.
Fanatics Live, the licensed products giant’s live commerce division, has acquired the assets of Voggt, a live-commerce platform headquartered in France that specializes in sports collectibles and trading card games.
Following its acquisition of K&E Tackle earlier this week, GSM Outdoors inked an agreement to purchase Roboworm, aiming to innovate and grow the brand.
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