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Daily News Feed 07/24/2026 Trump Administration Imposes Broad Global Tariffs
Using the pretext of failing to prevent forced labor, the Trump administration imposed 10% to 12.5% Section 301 tariffs on 59 countries and the European Union, neatly replacing the expiring temporary 10% tariff imposed under Section 122 in Feb. Yue Yuen Warns Profits will be Halved
The footwear manufacturer and parent of Chinese retailer Pou Sheng said that net income attributable to shareholders would be down around 55% to 60% to roughly $60 million in the first half from $171.2 million, as weak demand and a tough operating environment hit the bottom line. Bass Pro Parent Gets Outlook Upgrade
Great Outdoors Group’s outlook was revised to stable from negative, and Moody’s affirmed its Ba3 corporate family rating and other debt level ratings, citing improving operating performance. Acushnet Ratings Affirmed by Moody’s
The ratings agency said that GOLF’s growing customer base, engagement, and popularity support a healthy EBITDA margin, with golf consumables helping offset slowing golf club sales. National Park Visits Slump in June
National Park recreational visits declined 7% year-over-year to 35,508,942 from 38,173,576 in the seasonally important month, and year-to-date visits were off 4% to 144,513,839 against 149,750,899. Etcetera: Fanatics, Lululemon, Dick’s, On, Under Armour
07/23/2026 Deckers Ups Earnings Guidance on Stronger Gross Margins
Net income inched up 2% in the fiscal first quarter ended June 30 to $133,259,000 from $130,768,000 as balanced growth from Ugg and Hoka sent the top line 6% higher to $1,019,531,000 from $964,538,000. Nike Loses Big in Sex Discrimination Suit
A jury found the Swoosh liable Tuesday after the eight-year-long Cahill v. Nike, Inc. sex discrimination saga was finally heard in U.S. District Court, stating Nike should pay $7.5 million in punitive damages for violations of Title VII of the Civil Rights Act and a matching $7.5 million for Oregon Equal Pay Act violations to sole remaining plaintiff Heather Hender.
The bottom line at the Swedish maker of antimicrobial fabric treatments swung to a SEK 5,851,000 ($0.6 mm) profit in the second quarter, up from last year’s loss of SEK 3,125,000, on flat revenues of SEK 32,091,000 ($3.4 mm) versus SEK 31,945,000. Frasers Group Extends Accent Group Takeover Bid
Frasers Group extended its buyout offer for the ANZ distributor and regional Sports Direct operator Accent Group to the end of Sep., after its initial bid received little interest. Etcetera: Kontoor Brands, Joola, Wild Country
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 including the owner of Los Angeles sneaker store Coolkicks 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
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