Sporting Goods Industry News for December 07, 2018
Total sporting goods imports were $5,547.2 million compared to $5,408.2 billion last year in the Jul.-Sep. period with every category relatively even compared to the levels of last year. Interestingly, the threat of tariffs on Chinese made goods produced almost no difference in the percentage of imports represented by China.
Net loss was $4,956,000 against income of $589,000 in the seasonally small fiscal fourth quarter ended Sep. 28 on 1% lower sales of $91,132,000 vs. $91,755,000.
MTN’s retail and rental revenues slipped 5% to $43,342,000 from $45,407,000 in its small fiscal first quarter ended Oct. 31.
Emerald Exhibitions said it would not hold the 2019 edition of the Interbike show planned for Reno, NV, but that the show might return in 2020 in a more modest format, Bicycle Retailer reported.
The helmet maker is suing Todd Giambrone and BSN in So. TX District Court, claiming that the former star salesman violated his non-compete agreement by taking a job at BSN and soliciting Riddell customers.