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Daily News Feed 07/01/2026 Frasers Group Doubles Down with MAP Active for Sports Direct
The UK retail conglomerate has agreed to sell its entire interest in Sports Direct Malaysia to MAP Active for $150 million, with the aim of opening over 350 Sports Direct stores in Southeast Asia.
The casual and outdoor retailer tapped digital commerce veteran Charlie Cole as CEO, effective Jul. 13, succeeding Andrew Mclean, who has decided to depart and is also stepping down from LE’s board. Brompton Sells Stake to Decathlon
The English folding bike manufacturer has sold equity worth a reported £18 million, with French retailer Decathlon picking up a 10% stake through its Decathlon Pulse investment arm and Chinese firm BA Capital taking 5%, according to the Evening Standard, as part of Brompton’s international expansion efforts. Dick’s Adds Paid Tier to ScoreCard Program
DKS is extending its longtime shopper loyalty program with ScoreCard+, which costs $99 annually and offers a robust suite of rewards and free services to its best customers. L2 Brands Buys Outdoor Lifestyle Brand
The Sentinel Capital Partners-backed parent of League, Legacy, Ouray, and Locale is acquiring Wild Tribute, known for its national park-inspired apparel. Report: Next Adventure Sale is Off
The four-store Oregonian outdoor retailer will remain open, following the latest twist in its pending closure first announced in May 2025 with the retirement of owners Deek Heykamp and Bryan Knudsen, according to reporting from local Portland outlets. Adidas Takes Over Happy Valley
The Big a’s 10-year, $300 million Penn State sponsorship covering footwear, uniforms, and apparel across all 31 university programs took effect today.
The golf course operator filed suit in AL district court, accusing Cathia Moss of infringing on the “Arcis Golf” mark and its castle-and-flag logo. Etcetera: Adidas Zumiez, Leatherman, Magicshine, Duckett Fishing, Reju, Yeti, Salt Life
06/30/2026 Nike Profits Jump on Tariff Refund Windfall
The Eager Beavertons’ recognition of an expected $986 million recovery of IEEPA tariffs boosted net income fivefold to $1,069 million from $211 million in the final fiscal quarter ended May 31, as revenue dipped 1% to $10,972 million from $11,097 million, and would have been down 4% in constant currency. Kingmaker Loss Widens as U.S. Sales Slip
The Chinese footwear manufacturer for Wolverine Worldwide and other brands posted a loss attributable to shareholders of HK$70,623,000 ($9.2 mm) for the fiscal year ending Mar. 31, doubling from HK$33,890,000, as revenues were off 3% to HK$607,140,000 ($78.9 mm) from HK$625,876,000. Colt CZ Sells Stake in Hungarian Subsidiary
The group has sold its remaining 51% stake in its Colt CZ Hungary joint venture to Hungarian state-owned company N7 Defence Holding Zrt, making N7 the sole owner of the former subsidiary. Skechers Sues over Cozy Fit Mark
Skechers denied that it’s using false infringement claims against the China-based medical scrubs company Wenzhou Zehui Clothing over the Cozy Fit mark and fired back with a series of counterclaims in CA district court. Etcetera: Summit Golf Brands, Xtep, Puma
06/29/2026 Honma Golf Gains Powered by U.S., Korea
The bottom line at the high-end Japanese golf club maker swung to a ¥1,119.8 million ($7.5 mm) profit for the fiscal year ended Mar. 31, compared to last year’s loss of ¥264.2 million on 3% higher revenues of ¥22,259.7 million ($149.1 mm) from ¥21,672.1 million. Perfect Moment’s Wholesale Shift Boots FY Results
Net loss attributable to shareholders at the luxury skiwear and lifestyle brand narrowed to $1,590,000 from $7,325,000 for the fiscal fourth quarter ended Mar. 31 as channel mix shifts and operational improvements translated to significant margin improvement. Under Armour and WNBA Part Ways
Under Dog has let its brand partnership deal with the WNBA lapse this year, thereby requiring players to cover the brand’s logos on footwear to comply with the league’s licensing agreement with Nike. GSM Outdoors’ Leverage Improving, Moody’s Says
The ratings agency affirmed GSM Outdoors’ B3 corporate family rating with a stable outlook and noted that leverage declined to 5.7x over the last 12 months, with further improvement expected. National Park Visits Inch Lower in May
National Park recreational visits dipped 3% year-over-year last month to 31,566,392 from 32,383,785, and year-to-date visits were off 2% to 109,424,318 against 111,577,323.
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