|
Daily News Feed 12/08/2025 Compass Diversified Posts Huge Revised 2024 Loss
Results for CODI’s sporting goods brands 5.11, Boa, PrimaLoft, and Velocity Outdoor were unchanged, but the months-long investigation into fraud in its Lugano segment resulted in a restated full-year 2024 net loss of $208,861,000 instead of $12,808,000 in income. Retail Imports Expected to Decline into 2026
Retailers are well-stocked for the Holiday shopping season, and trade and tariff uncertainty will likely keep early 2026 imports lower year-over-year, according to the NRF and Hackett Associates’ Global Port Tracker. Kuiu Ultralight Hunting Acquired
The hunting gear and apparel brand has been acquired by an investor group of conservation-driven family offices and businesses, including Cox Enterprises. SFIA Adds Jenny Karn as Senior Director
Sports & Fitness Industry Association named Jenny Karn as senior director, where she’ll be responsible for driving the association’s growth across multiple channels, expanding the organization’s digital footprint and contributing to its research business. Columbia, Seirus Settle Long-Running Omni-Heat Battle
Following the U.S. Patent and Trademark Office’s upholding of COLM’s core Omni-Heat design patent, the two companies have settled their dispute for undisclosed terms.
12/05/2025 Under Armour Downgraded by Moody’s
The ratings agency downgraded Under Dog’s corporate family rating to B1 from Ba3 and also lowered its issue-level ratings, changing its outlook to stable from negative.
The Italian owner of Woolrich, Sebago, and K-Way, has acquired Sundek beachwear as well as Kickoff, the brand’s current owner and operator at an enterprise value of €33.5 million ($39.0 mm). Yeti Sues Chinese Companies over Knockoffs
Yeti is suing five China-based companies in W. TX district court for selling 20 oz. and 30 oz. tumblers that it says infringe on the Rambler Tumbler trade dress. CPSC Recall: Children’s Tumblers
HydroJug is recalling about 17,000 14-ounce children’s sport tumblers because the rivets on the handle can come loose, causing it to detach and pose a choking hazard. Etcetera: Thermore, Anta, Gymshark, Radians Outdoors, Topgolf Callaway
12/04/2025 Genesco Cuts Guidance on U.K. Weakness
The bottom line swung back to a $5,356,000 profit after last year’s $18,932,000 loss in the third quarter, on 3% sales growth to $616,217,000 from $596,328,000, with total blended comps up 3%, with +5% in stores offsetting 3% lower e-commerce sales. Sportsman’s Warehouse Slashes EBITDA Guidance
The outdoor and shooting sports retailer just broke even in the third quarter, reporting $8,000 in net income against a loss of $364,000 a year ago, as revenues inched up 2% to $331,323,000 from $324,261,000, and same-store sales grew 2.2%. Zumiez Profits Soar as Comps Keep Improving
Net income was up eightfold to $9,160,000 from $1,159,000 for the third quarter on 8% top line growth to $239,132,000 from $222,475,000, as comps were improved 7.6%, lapping +7.5%, and margins improved across the P&L. Frasers Group Gains on Acquisitions
The Sports Direct Parent’s net income attributable to shareholders more than doubled to £330.9 million ($447.2 mm) from £155.3 million in the fiscal first half ended Oct. 26, on revenues from continuing operations that grew 5% to £2,581.3 million ($3,488.2 mm) from £2,458.6 million. Smith & Wesson Forecasts Return to Growth
Net income tumbled 58% in the fiscal second quarter ended Oct. 31 to $1,917,000 from $4,546,000 as shrinking gross profit more than offset cost savings below the line, on 4% lower sales of $124,670,000 down from $129,679,000. Compass Diversified Details Lugano Fallout, Next Steps
CODI outlined a plan to return to compliance with its senior lenders and enacted safeguards following an investigation into Lugano, its embattled high-end jewelry subsidiary. Dunlop Sports Parent Initiates Global Rebranding
Japan’s Sumitomo Rubber Industries, which makes tires and sporting goods under Dunlop, Srixon, XXIO, Cleveland Golf, and other brands, will rename the company as Dunlop effective Jan. 1, 2026. Giant Group Enacts More Labor Reforms
The Giant Bicycle parent implemented its Zero Recruitment Fee policy and finalized the second phase of all remaining refunds to current migrant workers in response to the U.S. Customs and Border Protection’s Withhold Release Order issued in Sep. Adidas Scores Victory in Shareholder Suit
The Big a sees the 9th U.S. Circuit Court of Appeals rule in its favor, agreeing that it did not mislead investors by concealing problems in the relationship with Kanye West. Etcetera: Fanatics, GrabAGun, Henry Holsters
|
