August 28, 2025 Dick’s Raises Guidance Again as Foot Locker Deal Moves Ahead
After a week in which the planned acquisition of Foot Locker received overwhelming approval from shareholders and passed the Hart-Scott-Rodino review, Dick’s still found time to report a solid second quarter and raise its full-year top- and bottom-line guidance. Genesco Gains on Strong Journeys Results
Net loss widened 85% to $18,471,000 from $9,992,000 for the second quarter on sales that were up 4% to $545,965,000 from $525,188,000, as total blended comps improved 4% on a +5% store comp and e-commerce growing 1%. Shenzhou Int’l. U.S. Sales Jump 36% Ahead of Tariffs
Net income at the Chinese apparel supplier improved 8% to RMB 3,176,836,000 ($439.4 mm) from RMB 2,931,028,000 on 15% sales growth to RMB 14,966,384,000 ($2,070.0 MM) against RMB 12,975,971,000. Athleta Sales Drop as New President Takes Over
Gap, Inc.’s women’s active banner struggled in the second quarter, tumbling 11% to $300 million in sales from $338 million with -9.0% comps, in a performance management called disappointing. Pegasus’ Profits Sink on U.S. Tariffs
The small Hong Kong-based footwear manufacturer’s net income swung to a loss of $203,000 from a profit of $165,000 in the first half, on sales that declined 54% to $1,481,000 from $3,232,000, hurt by its customers shifting sourcing away from Chinese manufacturers due to potential tariffs. Accell Group Closing Dutch Bike Factory
The Netherlands-based parent of Raleigh and other bike brands announced that it will shutter its Heerenveen facility by the end of Q1 ‘26 and transform it into a strategic hub focused on design, engineering, and support functions. Skechers Acquisition Aims to Close September 12
SKX and 3G Capital Partners have now received all required regulatory approvals necessary to consummate their $9.4 billion go-private transaction. Academy Sports Sets Eleven Q3 Openings
ASO has already opened three new stores this quarter in Boardman, OH; Beaufort, SC; and Virginia Beach, VA, and will open eight more this fall. Report: Nike Plans More Layoffs
Swoosh CEO Elliott Hill’s plan to realign corporate roles into running, basketball, football, training, and sportswear “fields of play” will result in additional job cuts, CNBC first reported, citing an internal memo it obtained. Peloton Must Face Shareholder Suit
The connected fitness company sees the 2nd U.S. Court of Appeals overturn a ruling by a lower court, determining that a shareholder suit accusing PTON of making three false and misleading statements that inflated its stock price can proceed. CPSC Recalls: Bike Wheels, Carabiners
DT Swiss is recalling approximately 6,150 carbon fiber road wheels with an ID code of 2740000 or higher due to a defect in the wheel that can compromise its structural integrity. Etcetera: BSN Sports, Scott USA
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