Sporting Goods Industry News for December 10, 2013
The former CEO of Burton Snowboards and most recently the president of Toms Shoes will succeed Christine Day in January when she steps aside after a six-month search for her successor.
Financial terms of the transaction, which will see Canada Goose CEO Dani Reiss retain a significant minority share in the Toronto company, were not disclosed.
Net income at the gun maker fell 20% to $16,987,000 from $21,185,000 for the period ended Oct. 31. But income from continuing operations increased 8% to $28,774,000 as GAAP revenues rose 2% to $139,294,000 from $135,560,000.
According to multiple published reports, Cerberus Capital Management, parent of gun maker Freedom Group, is working on a plan that would allow investors to divest their equity stakes if they so choose.
Helped by earlier Thanksgiving shopping hours in many locales, U.S. consumers have completed 25% of their holiday shopping to date, according to research firm the NPD Group.
Dick’s Sporting Goods is U.S. consumers’ top choice for sporting goods, according to a study of 6,800 shoppers by research firm MarketForce Information.
The 11-month-old initiative focused on helping the U.S. overcome its inactivity and obesity crisis has signed on 13 companies and organizations as sponsors since Labor Day.
YY’s consolidated operating revenues slipped 2% to $649,493,000 from $662,234,000 for the month ended Nov. 30.