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Daily News Feed 07/16/2026 Sports Direct Parent’s Net Jumps as Acquisitions Drive Sales
Frasers Group’s net profit soared 28% to £376.2 million ($507.9 mm) from £293.0 million for the fiscal year ended Apr. 26, with revenue increasing 9% to £5,325.9 million ($7,190.0 mm) over £4,900.9 million on international retail gains. Mips’ Sales up High Double Digits in Q2
The Swedish helmet technology company’s net income more than doubled in the second quarter to SEK 68 million ($7.4 mm) from SEK 32 million, as revenues skyrocketed 72% to SEK 232 million ($25.4 mm) from SEK 135 million, and would have been up 42% in constant currency.
The footwear maker’s top line grew just 1% to $449.3 million in the second quarter, down slightly sequentially, and ended the first half with a nearly 2% increase to $786.7 million against $775.0 million. Sporting Goods Sales Soar in June
Sporting goods, hobby, music, and bookstore adjusted sales surged 15.2% year over year last month to $9,071 million from $7,875 million, the Commerce Dept. reported, and increased 1.3% sequentially from May. Syntetica Closes Series A Funding Round
The French textile recycling startup completed a $30 million Series A funding round led by Ecotechnologies 2, with participation from Lululemon and the European Innovation Council. Etcetera: Anta, Walther, Bass Pro Shops, Fanatics, Psycho Bunny
07/15/2026 Smith & Wesson Maps Strategy for Sustained Growth
SWBI laid out a five-pronged strategy to sustain FY 2026’s momentum into double-digit growth during its July Investor Day, looking to capitalize on the surging suppressor market, its recent gains in lever-action rifles and the professional channel.
Retail sales of the Chinese sportswear brand declined in the low single digits year-over-year in the second quarter, with owned brick-and-mortar sales down by the same amount, while franchised stores and distributors were off mid-single digits.
The Chinese brand’s retail sales of core branded products were up mid- to high-single digits in the second quarter compared to last year. Selle Royal Group Taps Andy Pliszka as U.S. Chief
The Italian bike components and accessories maker hired Andy Pliszka as president & CEO of Selle Royal USA Inc. overseeing the Crankbrothers brand and the group's distribution business here. Etcetera: Whoop, Nike, Lululemon, Colt CZ, SwissStop
07/14/2026 Back-to-School Spending on the Rise, NRF Finds
In contrast to last week’s Deloitte survey, the National Retail Federation’s annual survey with Prospect Insights & Analytics found that Back-to-School spending will top the former banner year of 2023 at both the K-12 and college levels.
Rawlings Sporting Goods co-owner Seidler Equity Partners is looking to offload its stake in the 139-year-old company at a valuation in the $2 billion range, Bloomberg reported, citing sources familiar with the matter. Kästle USA Shifts Leadership Team
The Austrian ski brand announced that Steven Poulin, who has served as CEO since 2024, will step down from the company, effective Aug. 27, to be succeeded by Jed Duke, who becomes managing director. Under Armour Scores Partial Win in Bioceramic Suit
Under Dog sees a PA federal court judge rule in its favor, granting the company a partial summary judgment, dismissing Multiple Energy Technologies’ antitrust, false advertising, and state-law unfair competition claims. Etcetera: Adidas, Arena, Millennium Outdoors, AGM Global Vision, Replay Sports Cards
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