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July 16, 2024


Adidas Raises Guidance Again as Q2 Grows Double Digits

The Big a’s currency-neutral revenues jumped 11% for the second quarter, and were up 9% on a reported basis to €5,822 million ($6,260 mm) from €5,343 million.

Back-to-School Spending Forecast to Slip Lower This Year

Last year’s record Back-to-School spending is expected to inch lower in this year’s inflation-pressured environment as shoppers look for earlier deals in July, according to the first round of surveys from the National Retail Federation and Deloitte.

Sporting Goods Sales Fell 3.4% Last Month

Adjusted sales of sporting goods/hobby/book and music stores declined for the sixth straight month in June, falling 3.4% year-over-year to $8,257 million from $8,547 million, according to Commerce Dept. data.

Eastern Mountain Sports Parent Plans August Auction

Mountain Sports LLC is asking the bankruptcy court to approve an auction of all EMS assets to be held on Aug. 22, seeking to sell the outdoor retailer either as a going concern or in pieces.

Lululemon Accused of Greenwashing

Plaintiff Amandeep Gyani is suing the Lulunatics in a proposed class action filed in FL district court over LULU’s Be Planet marketing campaign.

Patagonia Targets Counterfeiters

The outdoor brand filed suit in CA district court against Eastern Express LLC, Eastern Logistic Company, and China-based Zhejiang Jiyue Import & Export Co. Ltd., along with an individual, for infringing on Patagonia’s multi-colored P6 logo and word marks.

Skechers Sues L.L. Bean

SKX filed suit in NY district court against L.L. Bean for copying its slip-in heel cup design with the Maine-based outdoor retailer’s Freeport Shoe.

Rec-Com Outdoors Buys Bridle Buddy

The owner of Diamond Fishing Products and Zacatak Lures is adding Bridle Buddy, a provider of live bait rigging systems, to its portfolio.

Etcetera: Pearl Izumi, Allbirds, On, Birkenstock, Rally House, Skechers, Motocaddy, Colt CZ, New Balance

 
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