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Sporting Goods Industry News for February 22, 2012
In a presentation on the eve of ISPO Beijing, WFSGI Secretary-General Robbert de Kock outlined some of the key trends in the Chinese market based on NPD and GfK research.
Management for the New York parent of a portfolio of consumer brands that includes Ocean Pacific, Mossimo, Starter and Zoo York, says it will be difficult for its Rocawear urban brand to ever return to “peak volume,” but it points out that the brand still represents more than $400 million in annual retail volume.
Rosenbaum has joined the trade organization in Silver Spring, MD, where he’ll provide direction and oversight to marketing, fundraising, membership and program development.
Australia’s Super Retail Group Ltd., which completed a A$610 million ($652.9 mm) acquisition of Rebel Sport and Amart All Sports on Oct. 30, says the two Down Under chains generated positive same store sales growth of 3.5% during the first seven weeks of H2 that began Jan. 1.
Fitness division sales growth was up 17% in the fourth quarter to $94.8 million, but fell slightly short of company expectations due to an inability to ship the Forerunner 910XT in time for the Holiday selling season.
Game Time Sports Goods, based in Canton, GA, and The Jock Shop of Kalamazoo, MI, filed for bankruptcy protection.
Net income was $1,941,000 against $1,767,000 for the period ended Dec. 31.
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