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Daily News Feed 03/03/2026 On Running’s CHF3 Billion Year Undermined by ForEx
Net income in the final quarter declined by 23% to CHF 69.1 million ($86.4 mm) from CHF 89.5 million, pulled down by a CHF 50.7 million negative swing in foreign exchange, as revenues increased 23% (+30% CC) to CHF 743.8 million ($929.8 mm) from CHF 606.6 million. Helly Hansen Outperforms for Kontoor Brands
Helly Hansen sales tallied $247,113,000 in Q4, up 10% year-over-year, and contributed $0.44 to parent Kontoor Brands’ EPS, beating its new owner’s quarterly guidance of $0.29. Nike Holds off Competitors in Latest Brand Heat Survey
Competition for the top spots in athletic footwear continues to tighten, as performance brands battle it out behind Nike’s continued hold on the top spot with men and women, according to LEK’s fifth annual Brand Heat Index. Sportsman’s Warehouse Sees Gun Demand Pick Up
SPWH is forecasting sales will inch down 2% to around $334.9 million from $340.4 million in the final quarter ended Jan. 31, as demand recovered in Jan. after a softer than expected Nov. and Dec. Golden Goose Closes 2025 with 15% Growth
The Italian luxury sneaker brand’s revenues were €734 million ($825 mm) last year, up 15% on a constant-currency basis, driven by a 21% jump in direct-to-consumer sales to 81% of total revenues.
Weyco Group’s rugged brand struggled in the final quarter, declining 6% due to continued softness in the rugged footwear category, lapping a 17% tumble a year ago. Amer Sports Selling Stock to Retire Debt
AS launched a public offering of 20,604,396 shares of its common stock for $36.40 per share, aiming to generate gross proceeds of $750 million. Unspun Taps Former North Face Chief as CEO
Unspun, which utilizes 3D weaving technology to convert yarn directly into garments, tapped outdoor industry veteran, Arne Arens, as CEO, as it aims to accelerate the shift from offshore production to U.S.-based manufacturing. Etcetera: Mammut, Revelyst, Compass Diversified
03/02/2026 Sturm, Ruger Vows to Improve in 2026 as Proxy Battle Looms
Profits in the final quarter tumbled by two-thirds to $3,485,000 from $10,477,000, driven by plunging gross margins, despite a 4% increase in revenues to $151,062,000 from $145,775,000. ThredUp Narrows Loss as Sales Grow Double Digits
The online resale platform posted a net loss of $5,575,000 for the fourth quarter, down 74% from $21,707,000 a year ago, on 18% revenue growth to $79,704,000 from $67,276,000 as active buyers increased 30% to 1.65 million and orders increased 27% to 1.56 million. Woom Sees Innovation Drive Record Sales
The children’s bicycle brand said its sales increased by 27% to a record €149 million ($167 mm) in the final quarter of FY25, up from €117 million in the prior quarter, as it plans an aggressive expansion in the U.S. market. Palero Buys Zeiss Hunting & Nature
The German investment company, which focuses on carve-outs in the small- and medium-sized segment, has agreed to acquire Zeiss’ Hunting & Nature business, which is being spun off into a new company.
The former CEO of baseball equipment supplier All-Star and Sporting Goods Industry Hall of Famer passed away on Feb. 24 at the age of 73 after a battle with cancer. Etcetera: A4, Dick’s SG, Nike, Giant
02/27/2026 Escalade Net Gains on Margin Expansion
Net income in the final quarter shot up 37% to $3,703,000 from $2,700,000 on 2% lower sales of $62,560,000 against $63,942,000, as improved archery, billiards, and games were not enough to offset soft demand across other categories. Chip Wilson Says LULU Board is Stonewalling
In a public letter updating the progress of his discussions with Lululemon’s board of directors, company founder and former CEO Chip Wilson said the response so far has been “weak and insufficient.” Misto Holdings Scion Takes Charge
The Fila and Acushnet parent formally gave company control to president and CEO Kevin Yoon, as his father, founder and chairman Gene Yoon, transitioned to the role of honorary chairman. Pou Sheng Warns of Lower Profits to Finish the Year
Troubles continue for western sneaker brands in China, as the retail subsidiary of Yue Yuen is forecasting net income attributable to shareholders will be down around 57% for the fiscal fourth quarter ended Dec. 31 to RMB 211,000,000 ($29.3 mm), hurt by increased promotional activity. Mainland Headwear’s Bottom Line Soars
The Hong Kong-based cap and apparel maker said that 2025 net income increased by at least 75% to around HK$100 million ($12.8 mm) from HK$57 million in 2024. GoPro Scores Partial Win after ITC Investigation
GPRO sees the International Trade Commission uphold an earlier ruling, finding that Arashi Vision (dba Insta360) is infringing on its Hero camera design, while reversing other infringement claims.
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