Sporting Goods Industry News for March 27, 2015
Little Foot saw net income fall 5% to $40,8232,000 against $43,003,000, exceeding its earlier guidance, as sales rose 6% to $551,347,000 from $518,872,000 for the final quarter ended Feb. 28.
Quiksilver, a week after reporting a $10.7 million Q1 loss on a 14% decline in revenues, has made changes to its senior executive suite, re-installing brand co-founder Bob McKnight as chairman only five months after he retired from the post.
Advertising cost, net of cooperative, rose 11% to $248.7 million from $223.9 million in FY13.
The $45 million in new funding from Riverwood Capital and the International Finance Corp. will be used to help NetShoes increase its presence in Latin America.
The Taiwanese bicycle maker reported 11% revenue growth in FY14 to TWD$60.22 billion ($1.93 bb) on total shipments of 6.6 million units.
The unit of Conzetta reported flat operating income of CHF20.8 million ($21.7 mm) on 1% revenue growth to CHF249.9 million ($260.7 mm).