Daily News Feed 02/21/2025 Sporting Goods Imports Surge in Q4 on Tariff Fears
Capping a year of modest growth, industry imports jumped 15% in the final quarter, led by sneakers and apparel, as brands and retailers rushed to get product landed ahead of trade disruptions and tariffs from a second Trump term. Anta Sports Sets Research Partnership
The Chinese sportswear giant is collaborating with the Hong Kong Research Institute of Textiles and Apparel and the China Textile Academy on several research projects meant to accelerate technology transfer toward pilot tests and trials.
The orthopedic footwear maker has agreed to pay $175,000 to settle Federal Trade Commission charges that it misled consumers about its pain-relief claims.
The electric scooter maker and inventor Shane Chen filed a complaint with the International Trade Commission seeking to block the importation of certain motorized self-balancing vehicles without handlebars that it says infringe on its patents. Etcetera: Scheels, Adidas, Fish Monkey Gloves
02/20/2025 Birkenstock Outperforms in FQ1, but Sees Macro Risks
The footbed sandal maker’s bottom line swung to €20,119,000 ($21.3 mm) in net income against last year’s loss of €7,154,000 for the fiscal first quarter ended Dec. 31 as revenue posted a 19% gain to €361,719,000 ($383.4 mm) over €302,924,000 on strong demand throughout the season. Super Retail Group’s Sports Banners Return to Growth
Rebel Sports posted sales of A$706.5 million ($459.2 mm) for the fiscal first half ended Dec. 28, up 4% from A$676.7 million, as growth picked up in Q2 with a record Christmas result. Sturm, Ruger’s Sales Ramp-up in Q4
Net income inched up 2% in the final quarter to $10,477,000 from $10,249,000 on a 12% increase in revenues to $145,775,000 from $130,617,000, the second consecutive quarter of growing sales. Tennis Participation Improved Last Year
Capping five consecutive years of growth, 2024 saw around two million net new players enter the sport, sending participation up over 8% to 25.7 million people, the USTA reported. FeraDyne Sued over Amazon Complaint
Chinese supplier Xiamen Disdeer Outdoor Sports is suing FeraDyne in IL district court, asking for a declaratory judgment of non-infringement, arguing that none of the claims on FeraDyne’s patent no. 8,758,177 are infringed by the plaintiff’s lighted arrow nocks. Lululemon Greenwashing Suit Dismissed
A FL district court dismissed a proposed class action that accused LULU and its Be Planet marketing campaign of misleading individuals about its environmental credentials. CPSC Recalls: E-Bikes, Sights, Scooters
Trek is recalling about 927 Electra E-bikes because the rear fender can come loose and contact the rear wheel, stopping the bike unexpectedly. Etcetera: Lids, ABG, Skechers, Pearl Izumi
02/19/2025 Wolverine Worldwide Sees Return to Growth in 2025
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. Gildan Activewear Sales Jump Double Digits
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. Helly Hansen Acquired by Kontoor Brands
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. Garmin Fitness and Outdoor Soar in Q4
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. Manchester United Retail Boosted by Collabs
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. Caleres Acquires Stuart Weitzman
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. Reebok’s U.S., European License Goes to Galaxy Universal
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. Etcetera: Columbia, Adidas, Fin Feather Fur, Liberty Safe
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