August 22, 2025 Top Global Retailers Grew 2% in 2024
Mirroring modest gains the year before, aggregate revenue at SGI’s compilation of the world’s largest sporting goods retailers increased 2% in weighted local currencies in 2024, and grew in dollars to $149,279 million from $146,240 million. Europe Tariff Deal Limits Stacking
The week ended with some good news from the Trump Administration’s EU trade talks, which confirmed 15% tariffs on most imports from the trading bloc, fleshing out the initial deal reached last month. University of South Carolina Back with Nike
The Gamecocks will leave Under Armour and return to the Swoosh in a 10-year agreement worth approximately $70 million in product, $5 million in cash per year, and a 15% royalty on the net sales of USC-licensed Nike products.
The pickleball paddle maker sees the S. FL district court approve the settlement of a class action suit that accused Sport Squad (dba Joola) of falsely advertising its paddles as approved by the national governing body for the sport, USA Pickleball.
The Finnish smart ring maker’s complaint last year and subsequent section 337 investigation by the International Trade Commission has resulted in an exclusion order prohibiting the import of certain smart wearable devices, systems, and components that infringe on its patent. |