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February 27, 2024


Puma Has Big Plans for 2024 after Last Year’s Reset

The Big Cat ended 2023 with a meow, eking out a net profit of just €0.8 million ($0.9 mm) in the final quarter against €1.4 million prior, as sales slipped 10% to €1,982.2 million ($2,156.9 mm) from €2,196.6 million and were down in every geography on a reported basis.

Big 5 Sporting Goods Tallies another Loss

The struggling retailer’s bottom line swung to an $8,852,000 loss in the final quarter, from income of $1,728,000, as sales dropped 18% to $196,350,000 from $238,312,000, in line with Jan.’s pre-announcement.

Sports Participation Rises, Inactivity Falls, SFIA Study Finds

Pandemic-era imbalances began to shake out in 2023 as team sports and health club-based activities posted positive numbers over the prior year while pickleball continued its rise and other pandemic winners held on to participants, according to SFIA’s 2024 Topline Participation Report.

The Athlete’s Foot Sales Increase 7% in 2023

The 550-door specialty footwear and lifestyle chain drummed up $593 million in revenues last year, a 7% improvement over 2022.

Samsonite Weighing Options after Takeover Interest

The parent company of Gregory Mountain Products, High Sierra, Xtrem and other bag brands is considering options, including going private, after receiving takeover interest from suitors, Bloomberg reported, citing sources close to the matter.

Game One Elevates Pat Weber

The Holland, OH-based team dealer expanded the role of Pat Weber adding CEO to his current position as president.

Etcetera: Sweaty Betty, Johnson Health Tech, Primus, Puma, Adidas

 
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