Sporting Goods Industry News for April 26, 2024
Total sports equipment, apparel, licensed merchandise and footwear sales hit $121,660 million in 2023, up 4.2% over the prior year and 27% over 2019, according to Sports & Fitness Industry Association’s 2024 Manufacturers’ Sales by Category Report.
Revenues at NWL’s Outdoor & Recreation segment tumbled 26% in the first quarter to $201 million from $270 million, with core sales down 20% excluding ForEx and other impacts.
Net income was up 9% to SEK 300 million ($28.1 mm) in the first quarter from SEK 275 million, on revenues that improved 9% (+8% CC) to SEK 2,420 million ($227.0 mm) from SEK 2,226 million.
The Swedish helmet technology company’s net income dropped 14% in the first quarter to SEK 12 million ($1.1 mm) from SEK 15 million, as revenues inched down 6% to SEK 83 million ($7.8 mm) from SEK 88 million and were down 6% constant currency.
The Chinese sportswear company’s Kappa-branded stores’ retail sales declined 10-20% in the fiscal fourth quarter ended Mar. 31, and were also down the same percentage for the full fiscal year.
National Park recreational visits increased by 1% year-over-year to 22,395,024 from 22,215,789 in March, while year-to-date visits are now down 5% at 48,464,341 compared to 50,748,155.
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