Sporting Goods Industry News for December 03, 2021
Net income inched down to $25,192,000 in the third quarter from $25,266,000 last year, despite a 15% top line improvement to $381,719,000 from $331,383,000, including a +13.0% blended comp, lapping last year’s blockbuster +21.2% gain.
Net income grew 341% to $32,895,000 from $7,466,000 on revenues that were up 25% to $600,546,000 from $479,280,000 in the third quarter, boosted by a +25% blended comp against a negative 18% comp last year.
The European Center for Constitutional Rights, with the support of human rights law firm Prakken d’Oliveira, has filed criminal complaints against several Dutch and U.S. textile and fashion brands that have their European headquarters in the Netherlands.
The family footwear chain is acquiring 21-door retailer Shoe Station for $67 million in cash, adding its stores in AL, FL, GA, MS, and LA to Shoe Carnival’s 377-door fleet.
The 35-year-old, Australian maker of leather work shoes is expanding its rugged outdoor assortment with the upmarket Farmington and Bedrock collections, set to launch for Spring 2022.