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Daily News Feed 06/24/2026 Amazon’s June Prime Days Pulls in SG Brands
Amazon’s early Prime Day this year should see a 9% lift to $26.3 billion in sales across the four-day discount period, according to Adobe Digital Insights, as the move from July prompted other retailers and brands’ DTC operations to pull summer promotions forward. China Dongxiang Posts Big Loss on Impairment
The Kappa and Phenix brand owner’s bottom line swung to an RMB 158,040,000 ($22.0 mm) loss from a profit of RMB 207,000,000 for the fiscal year ended Mar. 31, on 2% higher revenues of RMB 1,715,326,000 ($238.6 mm) from RMB 1,680,135,000. Golden Goose Acquisition Closes
Chinese investment fund HongShan Capital (HSG) closed its €2.5 billion acquisition of the luxury sneaker brand, first announced in Dec., with Temasek, another investment firm, as a minority shareholder. CoverFour Acquires Baseball Equipment Maker
Baton Rouge-based CoverFour has inked an agreement to acquire Chandler Bats, its first step in a broader strategy to acquire, grow, and scale athlete-focused sports brands. KMD Brands Plans 1-for-25 Reverse Split
The Rip Curl, Kathmandu, and Oboz parent will implement a 1-for-25 share reverse stock split of its ordinary shares, effective July 1, across both the NZX and ASX exchanges.
Bogg Bag, formerly Twenty-Six Designs, filed suit in PA district court, accusing Great Wolf Lodge of infringing on the plaintiff’s trade dress and parallel Zig Zag Lines mark with its line of bags. Etcetera: S&S, Lowa, JD Sports, Xebio, YHM, Play It Again Sports, StockX, Arcis Golf
06/23/2026 Counterfeits Abound as World Cup Apparel Demand Soars
While point-of-sale data show triple-digit gains in soccer apparel and equipment sold through official channels in the World Cup year, the counterfeit market is threatening legitimate sales through e-commerce channels and by increasing production scale. Nike CFO Matt Friend is Stepping Down
Friend is leaving the Berm after more than 17 years, with the last six as EVP and CFO, and will be succeeded by Pfizer EVP and CFO Dave Denton effective Aug. 16, then separate from the company on Sep. 4. Accent Group Rebuffs Frasers Bid
The Australian distributor and licensee of nearly two dozen footwear and apparel brands called Frasers Group’s unsolicited below-market offer of A$0.65 in cash per share “highly opportunistic” and recommended that its equity holders take no action. Kingmaker Profits Pressured in Q4
The Chinese footwear manufacturer for Wolverine Worldwide and other brands said that revenues slipped 3% for the fiscal year ended Mar. 31, resulting in a net loss of between HK$70 and HK$75 million for the period. Itochu Acquires Champion License Rights in Japan
The Japanese trading giant has acquired the sales and license rights for Champion from Authentic Brands Group to market and license the brand in the Land of the Rising Sun, targeting sales of roughly ¥35.0 billion ($223.1 mm) in three years.
Mo Farah’s running app raised an unspecified seven-figure funding round led by existing backer 10XU and a group of private investors. Etcetera: Glory Wheel, Skechers, Academy
06/22/2026 Outdoor Holdings Nears Breakeven, Aims for FY27 Growth
Net loss attributable to shareholders at the Gunbroker firearms marketplace parent was slashed 98% to $1,480,107 from $78,282,355 for the fiscal fourth quarter ended Mar. 31, as net sales rose 10% to $13,889,393 from $12,614,668. Shimano Reorganizes Bicycle Components Division
Yuzo Shimano, senior executive officer and third-generation member of the Japanese company’s founding family, is expanding his role as head of the bicycle components division effective July 1. Mitch Modell Returns to Retail for a Cause
A few years have passed since Modell’s Sporting Goods filed for bankruptcy at the beginning of the pandemic, and now veteran merchant Mitchell Modell has launched an e-tail website. The Leisure Collective Elevates New Brand Leaders
The Australian owner of Creatures of Leisure, Otis Eyewear, Sito Shades, and Layday promoted Beau Campi to director of brands, a newly created position for the Billabong and Volcom veteran. Bass Pro Shops Opening Huge NJ Store This Fall
Bass Pro’s long-awaited, 200,000-sq.-ft. Sayreville, NJ, store at the Riverton mixed-use retail complex will open this fall as the largest, single-level Outdoor World ever. Etcetera: Johnson Outdoors, Columbia, L.L. Bean, Adidas
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