Daily News Feed 03/24/2025 Tariff Deadline Approaches, but Clarity is Still Lacking
The will-they-or-won’t-they continues over the Trump Administration’s slate of Apr. 2 tariffs, with the market rallying Monday as reports emerged that the levies would be more targeted than initially let on, though Pres. Trump also announced a 25% levy on countries buying Venezuelan gasoline, which could put another burden on Chinese goods. Johnson Health Tech Profits Soar after Bowflex Acquisition
Net income more than tripled to TWD 2,430.2 million ($75.7 mm) last year from TWD 709.8 million, on 26% higher sales of TWD 47,785.4 million ($1,488.6 mm) from TWD 38,069.6 million. GrabAGun Sales Slip as Reverse Merger Moves Forward
The mobile-focused gun e-tailer’s revenues fell 3% in 2024 to $93.1 million from $96.3 million, it revealed in an updated investor presentation, while net income was flat at $4.3 million.
KMD Brands named 20-year Nike alum Ashley Reade as Rip Curl CEO, succeeding Brooke Farris who resigned from the top job in Oct. Frasers Group and MAP Active Aim for 350 Stores
Frasers Group is expanding its strategic partnership with MAP Active, an Indonesian-based retailer and distributor that plans to open over 350 Sports Direct stores across Southeast Asia and India. Lululemon Wins Patent Decision
The USPTO’s Patent Trial and Appeal Board favored the Lulunatics and canceled all claims related to Nike’s Flyknit patent no. 9,730,484, which covers various aspects of knitted textile uppers. REI Faces NLRB Complaint Over Pay
The National Labor Relations Board said in a complaint filed last week that the outdoor co-op illegally withheld wage increases and bonuses from workers at unionized stores. Etcetera: Salomon, Dick’s, Trijicon, G-Form, Black Diamond, Mammut
03/21/2025 Fila Tallies 2024 Revenue and Profit Growth, Rebrands as Misto
Net loss at the Fila and Acushnet parent expanded in Q4 to KRW 69,402 million ($50.9 mm) from a loss of KRW 60,139 million prior, on 13% higher sales of KRW 861,374 million ($631.7 mm) compared to KRW 760,830 million. Stella Int’l Grows Athletic Sales
The bottom line at the Chinese footwear maker grew 21% last year to $170,134,000 from $140,255,000, on 4% higher revenues of $1,545,114,000, up from $1,492,651,000, driven by its sports and fashion categories. Adidas, Under Armour, L.L. Bean, Russell Athletic, KGM Suppressors, Daniel Defense
03/20/2025 Nike Warns of a Long Road to Recovery
The Eager Beavertons’ “Win Now” strategy has been making progress, CEO Elliott Hill averred, bringing new product and new messaging to the consumer in a quarter where he met with key wholesale accounts and visited Asian factories. Academy Sports Sees Return to Growth this Year
Profits declined by 21% in the Holiday quarter to $133,631,000 from $168,167,000 on 7% lower revenues of $1,676,920,000 down from $1,794,828,000, including a -3.0% comp and about $73.3 million of missing sales from last year’s extra week. Caleres Guides for Flat 2025 after Weak Q4
Net income was down 91% to $4,930,000 from $55,808,000 for the fourth quarter on an 8% drop in revenues to $639,226,000 from $697,123,000, declining 4% when excluding the impact of the prior year’s 53rd week. Designer Brands Finishes 2024 in the Red
Net loss expanded 29% to $38,168,000 from $29,698,000 for the fourth quarter on 5% lower revenues of $713,572,000 up from $754,348,000, hit by missing sales compared to the 53rd week in the prior year. Shoe Carnival Plans Major Branding Shift in 2025
SCVL will re-banner 175 Shoe Carnival stores as Shoe Station by 2027, aiming to grow the more upscale Southeastern U.S. chain nationally, after a year where it handily outperformed the core brand. Resale Market Heats Up as Consumers Look for Value
Lululemon, Patagonia, and Alo Yoga are among the leading brands in a global secondhand market set to grow nearly three times faster than the overall apparel market to $367 billion by 2029, according to the 2025 Resale Report from secondhand e-commerce platform ThredUp. Scott USA Changes Retail Strategy
The bike and winter sports company is launching a multichannel strategy starting with online retail partners, aimed at introducing new initiatives and expanding access to its bikes and gear, while bolstering its support for its dealer network.
Dubbed “Go Wild”, the The Big Cat’s new marketing campaign is aimed at expanding the brand’s global presence and boosting performance product sales.
National Ski & Snowboard Retailers Association tapped Robb Shepherd of Shepherd & Schaller Sporting Goods as its new board chair, serving a two-year term ending in Jan. 2027. CPSC Recalls: Scooters, Dumbbells
Segway is recalling about 220,000 Ninebot Max G30P and Max G30LP kickscooters because the folding mechanism can fail and cause the handlebars or stem to fold while the scooter is in use. Etcetera: Snipes, ABG, Skechers, Rawlings, Jetty, Lids
|