Daily News Feed 02/14/2025 No NewsWire on Presidents’ Day
In observance of the Presidents’ Day federal holiday we will not be publishing on Monday, February 17. We will resume publishing on Tuesday, February 18. Asics Soars in 2024 to Record Sales and Profits
The Japanese sportswear brand’s net loss narrowed to ¥1,134 million ($7.4 mm) from a loss of ¥5,008 million prior in the typically red fourth quarter, as revenues jumped 25% to ¥153,072 million ($1,004.4 mm) from ¥122,358 million. Perfect Moment Sees Profit Plummet in Q3
The luxury skiwear and lifestyle brand’s bottom line swung to a loss of $2,482,000 from a profit of $1,204,000 on sales that were down 8% to $11,658,000 from $12,726,000 prior for the third quarter ended Dec. 31. Sporting Goods Sales Plunge in January
The category’s recovery to end 2024 was short lived, as Jan. adjusted sales of sporting goods/hobby/book and music stores fell 4.1% to $8,044 million from $8,387 million and dropped 4.6% from Dec., according to Commerce Dept. data. Cahill v. Nike May Be Drawing to a Close
The Eager Beavertons may be close to settling the sex discrimination and gender pay inequity suit after seven years as preliminary agreements have been written but not formalized or signed, the Portland Business Journal reported. CPSC Recall: Black Diamond Avalanche Transceivers
Clarus is recalling Black Diamond Recon LT transceivers because a metal contact in the switch mechanism may corrode and cause them to malfunction. Etcetera: New Balance, Bruce Bolt
02/13/2025 Crocs Outperforms in Q4, Sees Minimal Tariff Impact in 2025
Net income in the final quarter was up 5% to $368,909,000 from $253,586,000 on 3% revenue growth to $989,773,000 over $960,097,000 boosted by international strength in the Crocs brand and green shoots emerging for Heydude. Yeti Guides for Better 2025 Profits After Recall
Net income tumbled 32% in the final quarter to $53,154,000 from $78,593,000 despite sales that were up 5% to $546,540,000 over $519,793,000 and would have been up 7% backing out recall reserves. SportChek Ends 2024 Flattish, but Helly-Hansen Grows Double Digits
Canadian Tire’s sporting goods banners inched down 1% to C$546.8 million ($390.6 mm) in Q4 revenue from C$552.2 million a year ago, but comps increased 0.4%.
The luxury apparel brand’s top- and bottom-lines grew by just mid-single digits last year, down from their historic double-digit pace, as profits increased 5% to €639,596,000 ($695.2 mm) from €611,931,000 on 4% (+7% CC) higher sales of €3,108,924,000 ($3,379.3 mm) compared to €2,984,217,000. Globeride Profits Up on Stagnant Sales
The Daiwa fishing and golf parent company saw net income improve 14% to ¥1,285 million ($8.4 mm) from ¥1,124 million in the fiscal third quarter ended Dec. 31, as revenues inched up 1% to ¥29,008 million ($190.3 mm) from ¥28,612 million. Zett Profit Soars in Dec. Quarter
Net income jumped almost twenty-fold in the Japanese distributor and equipment maker’s fiscal third quarter ended Dec. 31, to ¥2,102 million ($13.8 mm), benefitting from a ¥2,952 million gain on sales of investment securities, up from ¥108 million, on revenues that improved 7% to ¥12,713 million ($83.4 mm) from ¥11,890 million. CPSC Recalls: Air Pistols, Rolling Coolers, Climbing Ropes
Umarex USA is recalling about 26,500 T4E TR50 .50 caliber air pistols because the CO2 cartridge can be unintentionally ejected with force from the handle. Etcetera: ABG, GoPro, Fleet Feet, Hawke Optics, Richardson, New Balance, Skechers
02/12/2025 Shimano’s Sales Recovery Accelerates to Finish 2024
Helped by a big swing in foreign exchange gains from the weak yen, Shimano’s net income soared in the final quarter to ¥34,986 million ($229.6 mm) from ¥973 million a year ago, as revenues jumped 17% to ¥116,114 million ($761.9 mm) from ¥99,098 million. Bluestar Alliance Buys Second Streetwear Brand
The brand management firm continued its push into the streetwear and action sports realms with the addition of luxury streetwear brand Palm Angels to the portfolio, acquiring it for an undisclosed amount from Italian luxury holding company New Guards Group. Alpen Momentum Picks Up as Cold Weather Hits
Net income nearly quadrupled to ¥3,695 million ($24.2 mm) from ¥945 million for the fiscal first half ended Dec. 31 on revenues that gained 7% to ¥130,402 million ($855.7 mm) from ¥122,401,000. SRAM Inks New Revolver and Term Loan
The bicycle component maker will use its new $600 million senior secured first lien term loan B, due in 2032, along with cash to refinance its existing $624 million outstanding on its current term loan due in 2028. CardVault Partners with Tom Brady
The seven-time Super Bowl Champion has acquired a 50% stake in the sports cards and collectibles retailer, which will rebrand as CardVault by Tom Brady going forward. W.L. Gore Accused of Greenwashing
The maker of Gore-Tex is being sued by four individuals in a proposed class action filed in WA district court over marketing campaigns which tout its commitment to environmental responsibility. Under Armour Prevails in OuterArmour Appeal
The USPTO’s Trademark Trial and Appeal Board sided with Under Dog, ruling that OuterArmour’s mark was too similar and was likely to cause confusion in the marketplace.
The Australian founder of Rip Curl and Quiksilver died of cancer on Jan. 14, at the age of 77. Etcetera: Asics, Global Defense, Davidson’s, On Running, Sqairz
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