Sporting Goods Industry News for July 28, 2015
Net income inched up 2% to $2,578,000 from $2,535,000 on a 4% improvement in sales to $240,407,000 against $231,150,000 for the 13 weeks ended Jun. 28 with a comp store gain of 1.7%.
ZQK has reportedly hired Peter J. Solomon to help it find additional financing as the company struggles to turn itself around, according to Bloomberg.
Net income dropped 21% to $17,560,000 from $22,286,000 as sales fell 8% to $140,872,000 from $153,657,000 in the second quarter ended June 27.
The Dick’s Sporting Goods Foundation on a new program started by DonorsChoose to target school sport funding. DonorsChoose is a crowd funding charity.
On the heels of the announcement of CamelBak’s sale to Vista Outdoor, the companies have agreed to settle the Feb. 2015 patent infringement lawsuit in which CamelBak sued Osprey in California federal court over its hands-free reservoir hydration system.
Diamond Sports is recalling about 10,000 umpire and catcher face masks because stitching on the face mask’s harness can fail causing the mask to loosen or come off.