Sporting Goods Industry News for August 26, 2016
A sluggish retail environment exacerbated by the unprecedented liquidation activity from Sports Authority and Sport Chalet kept the brakes on imports in Q2 as the total fell 1.5% to $4,730.7 million from $4,800.6 million in the prior year.
The company is looking to upend the traditional footwear manufacturing process through the use of robotics, automation and creative engineering.
The Australian retailer’s net income fell 25% for the 53 weeks ended Jul. 2 to A$58.0 million ($44.1 mm) from A$76.9 million for the 52 weeks last year as sales rose 8% to A$2,423.8 million ($1,841.5 mm) from A$2,241.2 million.
The first phase includes a 720,000-sq.-ft. manufacturing and distribution facility located on the Olathe, KS, complex that will take two years to complete.