Sporting Goods Industry News for May 17, 2013
The declared customs value of sporting goods imports rose to $4,194.7 million from $3,872.0 million for the first three months of 2013.
The action sports company, which recently hired former Eager Beaverton and Disney senior executive Andy Mooney as CEO, has begun work on a multi-year profit improvement plan.
The parent of Remington and other gun brands reported net income of $26.8 million against $5.6 million for the period ended Mar. 31.
Golf USA, Oklahoma City, OK, filed for Chap. 11 bankruptcy on May 14.
Google is expanding the scope of its mobile wallet for digital payments by giving consumers the ability to transfer money via email through integration with Gmail.
The parent of the Xidelong brand in China, realized a 92% decline in Q1 net income to RMB9.9 million ($1.6 mm) as revenues fell 66% to RMB301.1 million ($48.5 mm) for the period ended Mar. 31.
Annual net income dipped 5% to ¥3,168 million ($31 mm) despite an 8% rise in revenues to ¥52,510 million ($513.4 mm) for the 12 months ended Mar. 31.
The complaint was filed May 7 filed in New York.