Sporting Goods Industry News for October 21, 2016
DKS outbid Worldwide Golf and liquidators from Great American Group in the bankruptcy auction held yesterday, and plans to keep 30 stores and liquidate the rest, Reuters reported, citing an inside source.
Sales of the 72 largest sporting goods specialty chains globally were slightly up to $94,077 million from $92,967 million in 2014 as the strong US$ tended to push down almost every overseas chain.
Gorilla warfare, as in the 800-pound variety, is breaking out in Houston as sporting goods giants Dick's and Academy begin their battle for supremacy in the Lone Star State's biggest city.
It let stand an earlier decision by an administrative law judge that found Fitbit and its manufacturer, Flextronics, did not misappropriate any trade secrets from Jawbone.
The contract is expected to be worth about $16 million per year and cannot exceed $20 million for production of hot weather combat boots.
Thomas Steinbrück will have creative control over footwear and apparel. Steinbrück had been creative director at Porsche Design.