Sporting Goods Industry News for June 22, 2018
Weakness in outdoor, electronics and fitness was offset by improvements in golf, diversified and cycling, resulting in an overall sports equipment market that inched up just 0.2% in 2017 to $76,160 million from $75,985 million, following an anemic 1.4% gain the prior year.
Comprehensive net income nearly tripled to HK$280,881,000 ($36.0 mm) from HK$110,935,000 in the fiscal year ended Mar. 31 on 20% higher revenues of HK$2,109,422,000 ($270.4 mm) vs. HK$1,757,316,000 at the apparel maker.
Bucks County Employees Retirement Fund filed a securities suit against NWL accusing management of failing to adequately disclose how backed up the retail channel was in 2017, when it was trying to digest the Jarden acquisition.
The co-op will award a total of $603,000 this year as part of the three-year, $1.6 million program to provide better access to the outdoors in cities.