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August 11, 2026 On Holdings’ Growth Slows on Sluggish U.S. Wholesale
Lapping last year’s CHF $140 million foreign exchange expense, profits bounced back to CHF 105.0 million ($132.9 mm) in Q2 from a CHF 40.9 million loss, as revenues grew 13% to CHF 850.3 million ($1,076.3 mm) from CHF 749.2 million. Nike Sales Soar in Brazil on World Cup Demand
Nike’s Brazilian partner and Centauro parent Grupo SBF’s net income jumped 181% to BRL 130,532,000 ($2.5 mm) over BRL 46,468,000 for the second quarter as revenue increased 22% to BRL 2,219,026,000 ($421.6 mm) from BRL 1,817,700,000 riding World Cup tailwinds. RevolutionRace Tops SEK 2 Billion in FY2026
RVRC Holding revenues increased 2% to SEK 414 million ($44.2 mm) in the fourth quarter ended June 30 from SEK 405 million, a 3% improvement in constant currency, driving net income of SEK 53 million ($5.7 mm), up from SEK 50 million. ThredUp’s Loss Expands on Higher Sales, Revises Guidance
The apparel and footwear resale marketplace’s net loss deepened 15% to $5,935,000 from $5,176,000 in the second quarter, on 17% higher sales of $90,767,000, up from $77,657,000, as active buyer count grew 21% to 1.77 million. Sporting Goods Sales Dip in July
July sales at sporting goods, hobby, music, and book stores ticked down 3.01% year over year on an unadjusted basis, and fell 0.47% seasonally adjusted, according to the CNBC/NRF Retail Monitor. Gerflor Acquires Gared Performance Sports Systems
The commercial flooring maker has inked an agreement to acquire Gared Performance Sports Systems, bringing together Gerflor’s specialized sports flooring with Gared’s line of gym equipment and facility hardware. Ecetera: Lululemon, Seirus Innovation
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