CHICOPEE, Mass (May 18)—While net sales rose 1 percent to $108 million, Spalding Holdings Corp. reported a loss of $7.8 million in the first quarter ended March 31. It suffered a loss of $5.7 million in last year's first period. The parent of Spalding Sports Worldwide Inc. reported weaker foreign currencies and a planned shift in Spalding's sales mix—along with a reduction in rounds of golf played because of poor weather and increasing competition in the golf ball market—contributed to the losses. Primarily golf clubs and an assortment of sporting goods, including a new Spalding Infusion basketball, drove the company's sales increase.
Spalding Holdings records loss, sales increase
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