Increased discounting to clear excess inventory weighed on the bottom line in Nike’s fiscal third quarter, sending net income down 11% to $1,240 million from $1,396 million on 14% higher sales of $12,390 million vs. $10,871 million, that would have been up 19% constant currency.

Net income attributable to shareholders slipped 2% in 2022 to RMB 7,590 million ($1,126.6 mm) from RMB 7,720 million as revenue posted an 8% gain to RMB 53,651 million ($7,963.6 mm) from RMB 49,328 million.

Acushnet’s continued solid performance and the strong dollar offset parent Fila’s struggles elsewhere in the fourth quarter, sending consolidated revenue up 4% to KRW 896,740 million ($659.5 mm) from KRW 859,258 million the year before.

In its first full year as a public company, ONON joined the 10-figure club and turned a profit in 2022, and is now aiming for 39% growth this year to at least CHF 1.7 billion in revenues with even stronger margins.

The licensed apparel juggernaut will succeed Adidas as the on-ice apparel supplier to the National Hockey League after the 2023-24 season, in a 10-year deal.

The outdoor and lifestyle headwear and accessories maker appointed three executives to its leadership team, naming Jim Osgood as CEO, succeeding its former owner Richard Sontag, who sold a majority stake to Camano Capital last June.

The parent of Coleman, Contigo, Marmot and other outdoor brands’ issuer credit rating and rating on its unsecured notes were cut to BB+ from BBB by S&P.

The Outdoor Industry Association elevated Kent Ebersole to president, following six months on the job in an interim capacity after Lise Aangeenbrug departed last Aug. to join the National Park Foundation.

The headwear and apparel company reached a settlement with Twnty-Two, Inc. and its owner Gary Gonzalez, according to a filing in NY district court.

Laying out a new, “lacing up for the future” four-year plan at its investor day, CEO Mary Dillon introduced some ambitious growth targets, aiming for a revenue CAGR of 5% to 6% per year from 2024 through 2026 including 3% to 4% positive comps.

The bipartisan America’s Outdoor Recreation Act was re-introduced in Congress by Senators Joe Manchin (D-WV) and John Barrasso (R-WY), a policy that aims to improve outdoor recreation and protect public lands and waters.

The long time sneaker industry exec will succeed Dave Grange as international brand president for K-Swiss, which is owned by Chinese sportswear company Xtep International Holdings.

Wolverine Worldwide’s women’s activewear brand will get new leadership this summer, as chief executive Julia Straus and chief operating officer Mark Smith are both leaving the company, Drapers first reported.

The Swiss smart indoor bike maker has appointed Greg Nieuwenhuys as chairman, effective immediately.

The Peloton-owned fitness equipment maker will permanently shutter its 230,000-sq.-ft. plant in Whitsett, NC, and lay off 123 employees there, according to a WARN notice filed with the state’s commerce department.

The bottom line inched up just 1% to RMB 4,063,834,000 ($603.2 mm) last year from RMB 4,010,881,000, despite 14% revenue growth to RMB 25,803,383,000 ($3,830.1 mm) from $22,572,281,000.

The Maine-based outdoor retailer said that revenues registered a “slight decrease” last year, reporting the same $1.8 billion top line as in 2021, following record-breaking 14% growth coming out of the pandemic.

WWW is elevating Tom Long, its current lead independent director, to succeed Blake Krueger as chairman effective May 4, in a planned leadership transition.

The ratings agency upgraded HBI’s speculative grade liquidity rating to SGL-2 from SGL-3, after the company refinanced $1.4 billion of bonds due in 2024 with a $900 million term loan due in 2030 and $600 million in new notes due in 2031.

Newington, NH-based SIG has acquired the manufacturer of lightweight remote weapon stations and tactical robots, for undisclosed terms.

CA-based Brooks Industrial Marketplace acquired the 52-year-old strength equipment manufacturer, adding a 116,000-sq.-ft. production facility, numerous patents, and retail and commercial strength products.

The maker of roller-locked firearms has named “smart gun” pioneer and veteran industry executive, Jonathan Mossberg as its new CEO.