Sporting Goods Industry News for December 08, 2023
JOUT’s bottom line swung to a loss of $16,007,000 from a profit of $9,653,000 in the final fiscal quarter ended Sep. 29, on revenue that was more than halved to $96,345,000 from $196,389,000, primarily driven by the end of the pandemic-fueled demand over the past few years combined with higher inventory levels at retail.
Retail imports at U.S. container ports exceeded expectations in Oct., hitting 2.05 Twenty-Foot Equivalent Units and growing 3% from last year, well above the 1.92 million TEU forecast by the NRF and Hackett Associates.
The Finnish fishing tackle maker elevated its CFO, Jean-Philippe Nicolle to chief operating officer responsible for business performance, finance controlling and internal auditing, as of Jan. 1, 2024.
Two years after acquiring the brand from Rossignol, Pierer Mobility has decided to sell Felt to a new consortium led by Florian Burguet, its current chief sales officer for New Mobility at KTM, Bicycle Retailer first reported.