Net income dropped 77% to $10,205,000 in the third quarter from $45,171,000 on sales that were down 9% to $786,329,000 from $865,020,000, including total comps that declined 9.3%.

DKS emphasized the strength of its House of Sport experiential destination store format in a round table discussion at the Morgan Stanley investor conference, touting its benefits as a platform for vendor partners as well as for community engagement.

The embattled sustainable sneaker manufacturer will try to become profitable in 2024 with several domestic and international initiatives outlined at the Morgan Stanley investor conference, with short-term top line impacts coming from major changes in its international model.

The DKNY parent and licensee of several other apparel brands expects to launch its first Champion outerwear line for fall 2024, and thinks the brand will contribute between $80 and $100 million in revenue once fully developed in three to four years.

The ratings agency changed Topgolf Callaway’s outlook to negative from stable, while affirming MODG’s B+ issuer-credit rating and all issue-level ratings, following its weaker-than-expected Q3 earnings.

Despite slipping sales on Black Friday and during Thanksgiving week, total NICS FBI background checks, as adjusted by the NSSF, increased 5% last month to 1,595,476 from 1,519,524, making it the third-highest Nov. on record.

The most recent extension of Nike’s long running Barça kit sponsorship expires in 2028, and according to Spanish news outlet SPORT, both New Balance and Puma are sniffing around as suitors for the iconic soccer club.

The second-generation owner of the company that bears his name, Jim Easton passed away at his home in Los Angeles on Dec. 4 at 88 years old.