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Daily News Feed


12/19/2025


Reader Notice

SGI NewsWire is taking next week off for the Holidays. We’ll resume posting on December 29, with our next weekly issue published on January 6. Happy Holidays to all our valued subscribers!

Industry Profits Squeezed but Sales Grow 5% in Back-to-School Quarter

Total revenues at the 47 public companies we track increased 5% to $55,482.6 million in the third quarter, up from $52,854.9 million last year, while aggregate net income slipped 10% to $3,613.1 million from $4,020.7 million.

Compass Diversified’s Sports Brands Improve in Q1

Reporting first-quarter results after a seven-month delay to investigate fraud at its Lugano segment, CODI’s sporting goods brands mainly posted higher sales and profits.

Puma Secures Bridge Loan

The Big Cat has secured a €500 million ($581.4 mm) bridge loan and additional confirmed credit lines of €108 million ($125.6 mm), aimed at providing interim liquidity to refinance its existing €1.2 billion revolving credit facility.

Giant Group’s Labor Reforms Progress

The Giant Bicycle parent submitted its formal Petition for Modification and its Corrective Action Plan in response to the U.S. Customs and Border Protection’s Withhold Release Order issued in Sep.

Asics Launching U.S. Research Hub

Asics is establishing its first U.S. research hub in collaboration with the University of Michigan, aiming to leverage the Wolverines’ research capabilities and running community to drive innovation.

CPSC Recalls: Fitness Machines, Bicycle Child Carriers

Amp Fit is recalling about 1,900 Amp MP2 Smart Fitness Machines because the arm does not lock properly, potentially allowing it to swing unexpectedly.

Etcetera: ABG, Revelyst, DPS Skis, Savage Arms, Columbia

12/18/2025


Nike Makes Progress despite Tariffs, China Weakness

Net income tumbled 32% to $792 million from $1,163 million in the fiscal second quarter ended Nov. 30 as revenues inched up 1% to $12,427 million from $12,354 million, nearly mirroring the top- and bottom-line deltas from the first quarter.

Birkenstock Tops €2 Billion for FY25

Net income was up 79% to €93,867,000 ($109.8 mm) from €52,465,000 for the fiscal fourth quarter ended Sep. 30 on a 15% revenue gain (+20% CC) to €526,338,000 ($615.8 mm) from €455,764,000, with constant currency results beating guidance while the reported figure faced a 420 b.p. drag from U.S. dollar depreciation.

Lululemon Sees Activist Investor Take $1 Billion Stake

Elliott Management, Paul Singer’s activist investment fund, has amassed over $1 billion, or about 4%, of Lululemon shares and has proposed a CEO candidate to succeed departing CEO Calvin McDonald, according to multiple reports.

Lever Style Adds Active Apparel Assets

The Hong Kong-based apparel maker is acquiring certain activewear, swimwear, and outerwear assets from Active Apparel Group, adding to its denim, soft tailoring, and knitwear capabilities.

Misto Holdings Cancels 12% of Equity

The Korean parent company of Fila and Acushnet canceled all of its treasury shares, totaling approximately KRW 268.2 billion ($182.0 mm), and also acquired additional treasury shares worth KRW 10 billion.

Sports Attack Acquired by PE Firm

The high-velocity sports training equipment maker has been acquired by PE firm Sound Growth Partners, along with co-investors, for undisclosed terms.

Etcetera: Footasylum, ABG, Revelyst, Open Water Brands, New Balance

12/17/2025


Rad Power Bikes Files for Bankruptcy Protection

Rad Power Bikes, the Yakima-based e-bike brand, filed for Chapter 11 bankruptcy in the Eastern District of Washington after a planned sale of the company fell through earlier this fall.

Winter Sports Off to a Slow Start

Mother Nature has been unusually stingy with snowfall across most of the West, negatively impacting 17 mountain communities in seven western states, according to DestiMetrics, which provides travel destination metrics.

SFIA Drills Into Fitness Trends in New Report

Fitness category participation and health club memberships reached a record high in 2024, while the average number of fitness activities per person finally turned a corner after the pandemic, the SFIA revealed in its 2025 Tracking the Fitness Movement, adding detail to the fitness activity data in the annual Topline Participation Report.

Lotto Owner Taps PCGG for US, Canada Relaunch

Lotto brand owner WHP Global inked a licensing deal with Pure Cotton Global Group to design, manufacture, and distribute Lotto’s lifestyle apparel lines across the U.S. and Canada.

Escalade Sports Acquires Cornhole Brand

ESCA inked an agreement to acquire the assets of Cornhole bags and boards supplier, AllCornhole, expanding Escalade’s presence in the tournament-level cornhole space.

Obituary: Brian Stahl

The Stahls’ cofounder and former executive died on Nov. 22, 2025, in Wilmington, NC, at the age of 78.

Etcetera: Misto, Bass Pro, PGA Tour Superstore, Kinsey’s, Revelyst, Moncler

 
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