Sporting Goods Industry News for May 23, 2016
The struggling retail chain told investors that it will focus more of its resources on growing the Athleta chain as its traditional Gap, Old Navy and Banana Republic banners struggle.
The number of Americans who exercise at least three times per week declined to 81.7 million in 2015 from 83.0 million the prior year, representing an all-time low of 31.2% of the U.S. population, according to P.H.I.T. America.
U.S. golf equipment sales were down in the first quarter for the parent of the Srixon and XXIO brands on fewer new club introductions, but Dunlop fared better in its home Japan market.