Sporting Goods Industry News for May 22, 2015
Net income was up 13% to $184 million compared to $162 million for the 13 weeks ended May 2 as sales rose 3% to $1,916 million from $1,868 million, marking it as Big Foot’s most profitable quarter in history.
Net income fell 3% to $27,408,000 from $28,388,000 for the first quarter ended May 2 on revenues that were 3% higher at $269,823,000 vs. $261,909,000.
As part of its 10-year helmet rating plan that uses linear and rotational acceleration for predicting helmet risk, Virginia Tech, which recently reported its findings on the effectiveness of hockey helmets in preventing head injury, is currently collecting data on sensor products.
The company is still analyzing the impairment charge that it will take on its Hartford, CT, operation for the FY ended Dec. 31 and said that must be completed before it can begin closing the books on Q1 ended Apr. 5.
International Longshore And Warehouse Union members will vote today to ratify the labor contract between the union and the Pacific Maritime Association that was approved on May 20.
The star U.S. Women’s Soccer Team goalie was not included in Nike’s introduction for the women’s jerseys, replaced by her backup.
Nike and brand Jordan lead the field with a combined 62% retail market share, with Skechers now at 5% market share edging out Adidas, with 4.6%, and ASICS and New Balance at 4% each.