Nike’s wind-down of its three-year NFT experiment is now facing a proposed class action lawsuit filed by Australian resident Jagdeep Cheema in Brooklyn federal court, accusing the Swoosh of a “rug pull” in shutting down its RTFKT unit in Dec.

The children’s bicycle brand said its sales increased 40% in the first quarter to a record €44 million ($46.3 mm) against €31.5 million prior, gaining market share with 124,000 bikes sold across all segments.

Moody’s said that pressured consumer spending and rising tariffs could hurt Under Dog’s earning over the next 12 to 18 month, and lowered its corporate family rating to Ba3 from Ba2, while also downgrading its issue level and other ratings.

Retail sales of the Chinese sportswear brand increased low-single digits year-over-year in the first quarter, with owned brick-and-mortar declining low-singles and franchised distributors up low-singles.

The Japanese retailer said that its net income from the fiscal year ended Mar. 31, 2025, would be just ¥971 million ($6.3 mm), well short of its ¥3,002 million forecast, though operating profit exceeded initial projections.

Mizuno USA bolstered its running division, elevating its current territory manager, Will Cutler, to associate marketing manager, effective May 1.

Thomas B. Doyle, the long-time National Sporting Goods Association executive, passed away on Apr. 22 at 86.