The bottom line swung to a $24.6 million profit in Q4 against a loss of $91.2 million a year ago that included a $129.5 million impairment charge, as revenues fell by 6% to $494.7 million from $526.7 million.

Net income was down 14% to $132.3 million from $153.3 million in the final quarter as sales grew 5% to $821.5 million over $782.7 million and were up low-double digits backing out the Under Armour hosiery phase-out earlier this year.

Canadian Tire Corp., which has owned the Norwegian outdoor, sailing, and workwear brand since 2018, will receive C$1,276 million ($900 mm) from the parent of Wrangler and Lee for 100% of the company in a deal that is expected to close in the second quarter of 2025.

GRMN’s Fitness and Outdoor segments finished the year strong, with Fitness revenues up 31% to $539,305,000 from $412,076,000 and Outdoor growing 29% to $629,373,000 from $486,378,000.

Retail, merchandising, apparel & product licensing revenue grew 29% to £42.1 million ($44.8 mm) in the fiscal second quarter ended Dec. 31, primarily driven by the launch of a new e-commerce model in partnership with Scayle.

Famous Footwear’s parent has inked an agreement to acquire the fashion footwear brand from Tapestry for $105 million, aiming to grow its Brand Portfolio segment with more global and direct-to-consumer reach.

After previous licensee Sparc Group shed Ex Numero Uno at the end of last year, Authentic Brands Group has now confirmed that Galaxy will take over Reebok’s retail operations in the U.S., as well as its Boston-based product creation, design, and sourcing.

The fishing accessories maker is being acquired by PE firm Elvisridge Capital, adding to its portfolio of brands that includes Blackfin Rods, BBS Tech, FINS Braid, and Glacier Outdoors.