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Daily News Feed 07/22/2026 Nike’s China Pivot Will Bring E-commerce In House
Faced with nine consecutive quarters of falling sales in the PRC, the Eager Beavertons announced a major changeup in their Chinese market strategy effective Jan. 1, 2027, when it will remove online sales from the majority of retail partners there in favor of its own DTC e-commerce and digital storefronts with e-commerce platforms Tmall, JD.com, and Douyin. Moncler Posts Solid First Half as Stone Island Rebounds
First-half net income at the luxury skiwear and apparel company was up 7% to €164,712,000 ($187.8 mm) from €153,460,000 on 5% higher revenues of €1,289,912,000 ($1,470.5 mm) over €1,225,665,000. KMD Sees Progress with Turnaround Plan
The Rip Curl, Kathmandu, and Oboz parent said that sales are expected to total between NZ$1,040 and NZ$1,044 million ($609 mm at the midpoint) for FY26, which ends July 31, up around 5% from the year before. Puma Adds Reebok Vet to Lead E-Commerce
The Big Cat hired former Reebok and Adidas exec Dusan Hamlin as vice president e-commerce, a newly created role reporting to Puma’s chief commercial officer Matthias Bäumer. Genesco Shareholders Approve Incumbent Board Members
GCO shareholders re-elected the full 9-director slate at its July 21 annual meeting, approving Gregory Sandfort; Mimi Vaughn; Joanna Barsh; Matt Bilunas; Carolyn Bojanowski; John Lambros; Thurgood Marshall, Jr.; Angel Martinez, and Mary Meixelsperger. Garmin Adds Two Digital Coaching Platforms
GRMN inked an agreement to acquire TrainingPeaks and TrainHeroic from Peaksware Holdings, expanding its footprint in the customizable coaching experience and performance-focused fitness space. Twelve Indicted in Nike Cargo Theft Ring
Twelve defendants were charged with conspiracy to transport stolen property and other offenses after federal agents broke up a group stealing from Nike’s logistics center in Memphis. Woodway Wins Appeal after PTAB Loss
The maker of unpowered treadmills won an appeal to the Federal Circuit in its ongoing battle with the Assault AirRunner maker, just days after the same court upheld the PTAB’s ruling that a key patent was invalid. Etcetera: Digital Brands Group, Whoop, Sqairz
07/21/2026 New Trump Tariffs Target Canada and China
The Trump administration is rolling out the next wave of tariffs as Feb.’s temporary 10% global levy under Section 122 sunsets Friday, announcing new levies on Brazil and Canada.
Revenue from the wholesale branded segment, home to Fjällräven, Royal Robbins, and other brands, was down 6% to €38.0 million ($44.2 mm) in the second quarter, due to lower sales in Germany and deliveries pulled forward in early spring and summer to mitigate tariff impacts.
In line with an earlier announcement in April, Andrew Higginson resigned as JD’s board chair on July 21 at the retailer’s 2026 annual meeting, and has been replaced on an interim basis by director Darren Shapland. Fit Active Sports Sues Amazon Seller over Dupes
The fitness accessories maker filed suit in OH district court, accusing Sialko Group of infringing on its stylized “Fa” logo, word mark, and trade dress, with its Glaring Way weight gloves. CPSC Recall: Hollis Diving Regulators
Huish Outdoors is recalling about 7,570 Hollis 200LX second-stage diving regulators because the inlet tube can crack or break. Etcetera: Salomon, Nike, Adidas, Vans, Sierra
07/20/2026 Adidas Wins World Cup On The Pitch and Off
Three Stripes jersey sales were up 4X during the 2026 FIFA World Cup compared to the 2022 tournament, the company told Bloomberg over the weekend, as early reads indicate Adidas is hoisting the sponsor-battle trophy. Thule’s New Categories Drive Q2 Growth, but N.A. Lags
Net income increased 5% in the second quarter to SEK 537 million ($57.3 mm) from SEK 512 million, as revenues inched up 1% to SEK 3,421 million ($365.1 mm) from SEK 3,403 million and would have increased 3% in constant currency. Nike Sued over Strategy Reversal
The Eager Beavertons are embroiled in another proposed class action suit, brought by Tianna Jenell and naming former president and CEO John Donahoe, exiting CFO Matt Friend, and several directors as defendants. Woodway’s Manual Treadmill Patent Invalidated
LifeCore Fitness sees the U.S. Court of Appeals for the Federal Circuit affirm the USPTO’s ruling and invalidate several of Woodway’s curved-treadmill patent claims as obvious. Etcetera: Acros, Brooks, Adidas, Arena
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