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Daily News Feed


07/25/2025


Update: Puma Slashes Guidance after Weak Q2, Expects FY Loss

Citing flagging brand momentum, elevated inventory, shifts in channel mix and quality, and, of course, tariffs, The Big Cat now expects full-year revenue to decline in the low double digits rather than increase in the low to mid-single digits on a constant currency basis.

Backcountry Acquires Level Nine Sports

Backcountry has inked an agreement to acquire UT-based Level Nine Sports for undisclosed terms.

Rouvy Acquires Bkool to Expand Indoor Cycling Business

Czech-based indoor cycling platform Rouvy has announced the acquisition of competitor Bkool, an indoor cycling app that specializes in virtual cycling routes, using a proprietary technology that converts GPX files into 3D routes.

Kizik Sues Skechers over Hands Free Footwear

Kizik’s parent company, Handsfree Labs, filed suit in TX district court, accusing Skechers of infringing on six patents related to Rapid-entry Footwear technology.

Columbia Sportswear Sues Columbia University

COLM filed suit in OR district court, accusing the Ivy League school of infringing on its Columbia mark with various types of apparel.

Etcetera: Deckers, KMD Brands, Arena, Scheels, Sierra

07/24/2025


Deckers’ Soaring International Sales Drive June Quarter

Strong growth from both Hoka and Ugg sent DECK’s revenue 17% higher in the fiscal first quarter ended June 30 to $964,538,000 compared to $825,347,000, driving a similar improvement in the bottom line to $130,768,000 from $111,825,000.

Puma Slashes Guidance after Weak Q2, Expects FY Loss

Citing flagging brand momentum, elevated inventory, shifts in channel mix and quality, and, of course, tariffs, The Big Cat now expects full-year revenue to decline in the low double digits rather than increase in the low to mid-single digits on a constant currency basis.

Trade Deals Trickle in with EU Coming Soon

Pres. Trump announced a new reciprocal tariff range of 15% to 50% on Wednesday following completion of trade deals with the Philippines, Indonesia, and Japan, and reports of progress on EU talks.

Dick’s and Foot Locker Pull and Refile HSR Docs

Indicating that the Federal Trade Commission needs more time to review its acquisition of Foot Locker, Dick’s voluntarily withdrew the notification and report form filed to pass Hart-Scott-Rodino scrutiny.

Polygiene’s Loss Widens in Q2

The red ink deepened at the Swedish maker of antimicrobial fabric treatments in the second quarter to SEK 3,125,000 ($0.3 mm) against a loss of SEK 1,374,000 on 12% lower revenues of SEK 31,945,000 ($3.3 mm) from SEK 36,385,000.

Grassroots Outdoor Alliance Appoints New Officers

The buying network for independently owned outdoor retailers named new officers and elected one new board member at its recent Connect Show, which was held in June.

CPSC Recalls: Scooters, E-bikes

Apollo is recalling about 790 Apollo City model year 2024 electric scooters because the weld line on the scooter can crack, causing the stem to break.

Etcetera: Arc’teryx, Academy Sports, Bison, Inc., Tharanco, Skechers

07/23/2025


Moncler Sales Pressured by Low Tourist Traffic

First-half net income at the luxury skiwear and apparel company declined 18% to €153,460,000 ($179.5 mm) from €180,741,000 on revenue just south of flat at €1,225,665,000 ($1,434.0 mm) compared to €1,230,163,000 (+1% CC).

Rapala VMC H1 Profits Drop despite Solid U.S. Growth

The Finnish fishing gear maker’s net income attributable to shareholders plummeted 53% in the first half to €2.2 million ($2.5 mm) from €4.7 million despite revenues improving 4%, up 5% constant currency, to €125.5 million ($142.6 mm) against €120.5 million last year.

Lawsuit Alleges Dick’s-Foot Locker Deal is Tainted

A suit filed in NY Supreme Civil Court claims that the deal undervalues Big Foot’s intrinsic value, and that two retailers did not fully disclose the financial conflicts of interest of FL’s directors.

Etcetera: PGA Tour Superstore, REI, Head, Chattanooga Shooting, Amazfit, Scarpa, Astral

 
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