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Daily News Feed 04/02/2026 Tariff Refund Portal Progressing, CBP Reports
The development of IEPPA tariff refund infrastructure is well past the 50% mark, according to a court filing this week from CBP official Brandon Lord, although the department is still mum on a start date for applications. WHP Global Closes Lands’ End Deal
The licensing company that owns Lotto and a dozen other brands now owns a 50% stake in LE brand assets through a joint venture with the retailer. NICS Checks Rise Again on Gun Control Fears
NSSF’s adjusted NICS checks increased for the second consecutive month, rising 1.9% to 1,412,917 in Mar. from 1,386,724 a year ago, and are up 1.6% year to date. ThredUp Projects Secondhand Apparel to Reach $393 Billion by 2030
The apparel resale platform sees secondhand apparel sales growth outpacing the overall apparel market by a factor of two, with a 7.3% CAGR vs. 3.6% between 2025 and 2030. Solo Brands Faces Delisting Again
Trading in the Solo Stove and Chubbies parent’s shares has been suspended by the NYSE, which has commenced proceedings to delist SBDS because its market cap fell below $15 million for more than 30 consecutive days. Nike Beats Most Claims in Investor Fraud Case
The Eager Beavertons scored a victory as an OR district court judge dismissed with prejudice nearly all the claims in a securities class action against the company, but left the door open for the plaintiffs to amend one claim against Nike and former CEO John Donahoe.
An E. NY district court judge has dismissed a suit brought by Sam Solomon on behalf of shareholders that claimed PTON intentionally concealed safety-related defects, which ultimately ended in the company recalling over 2 million Bikes. American Outdoor Brands Sues over Copycats
AOUT filed suit in TX district court, accusing Eposeidon Outdoor Adventure and KastKing Fishing Tackle of infringing on two patents related to its Bubba interchangeable fillet knife with the defendant’s KastKing products.
Ocun N.A. is recalling about 304 Condor HMS triple carabiners because the gate can malfunction, failing to close automatically and requiring closure by hand. Etcetera: Fanatics Collectibles
04/01/2026 Sporting Goods Sales Gained Nearly 4% in 2025, SFIA Finds
Total sports equipment, apparel, and athletic footwear sales for 2025 tallied just shy of $130.0 billion, up 3.7% year-over-year and 34.7% over 2020 results, according to the Sports & Fitness Industry Association’s 2026 Manufacturers’ Sales by Category Report. Symphony Holdings Trims Red Ink
Net loss narrowed at the diversified brand owner, retailer, and real estate company to HK$35,729,000 ($4.6 mm) for the fiscal year ended Dec. 31 from a loss of HK$145,108,000 on revenue that was flat at HK$308,750,000 ($39.6 mm) against HK$307,561,000. Kontoor Brands’ Outlook Stable, S&P Says
The ratings agency revised the Wrangler and Lee parent’s outlook to stable from negative and affirmed its BB issuer credit rating following its June 2025 acquisition of Helly Hansen and repaying $225 million of debt in the second half. Interactive Strength Sees 2026 as Breakout Year
After acquiring Wattbike in mid 2025 and Ergatta last month, Austin, TX-based TRNR is guiding for consolidated 2026 revenues of at least $30 million, including about $10 million from the connected rowing brand. Sail Acquired by Management, Union Fund
The 12-door Quebec-based outdoor retailer is now owned by president and CEO Isabelle Lemay, VP and CFO Stefania Cella, and VP Marketing Catherine Venne, backed by the Fonds de solidarité FTQ. Sporting Goods, Apparel Soar in February
Sporting goods/hobby/book and music store adjusted sales jumped 11.3% in Feb., the Commerce Dept. reported, tallying $8,528 million compared to $7,660 million and increasing 1.3% sequentially from Jan.’s strong result. Asics Plans Expansion in Indonesia
Targeting $100 million in annual revenues, the Japanese sportswear giant is accelerating investment in Indonesia, according to a Nikkei Asia interview with Asics president Mitsuyuki Tominaga. Lululemon Sees Judge Overturn Flyknit Patent
The Lulunatics scored another victory against the Eager Beavertons, as a NY district judge canceled all claims related to Nike’s Flyknit patent no. 8,266,749, which covers various aspects of knitted textile uppers. Goat Group Launches Lower-End Retail Site
The sneaker and apparel resale platform, which also operates Flight Club and Grailed, is expanding downmarket with a new, everyday footwear-focused site using its sneakers.com domain. Reju Scores €135 Million in Dutch Funding
The textile-to-textile regeneration company will receive €135 million from the Netherlands’ Nationale Investeringsregeling Klimaatprojecten Industrie (NIKI) program to build out its Regeneration Hub at Chemelot Industrial Park in Sittard-Geleen. Etcetera: Topo Athletic, Fanatics
03/31/2026 Nike Guides for Sales Declines through the End Of 2026
Net income slipped by more than a third to $520 million from $794 million in the fiscal third quarter ended Feb. 28, on revenues that inched higher to $11,279 million from $11,269 million, as growth in U.S. footwear sales offset continued weakness in China. Sportsman’s Warehouse Impairment Sinks Q4 Profits
Fourth quarter sales were down 2% to $334,857,000 from $340,398,000, but the net loss more than doubled to $21,732,000 from $8,723,000, hit by impairment charges of $17.8 million related to asset write-offs for ten underperforming store locations. Allbirds To Be Acquired by American Exchange Group
The sustainable footwear brand plans to cease operations, selling assets and IP for $39 million to American Exchange Group, joining Ecko, Ed Hardy, Born, and more than a dozen other fashion and consumer products brands in its licensing portfolio. KMD Brands Sells Discounted Shares to Raise Funds
After a several-day trading suspension and the delayed release of H1 results, the parent of Kathmandu, Rip Curl, and Oboz revealed it is selling shares at a 69% discount as part of a NZ$65.3 million ($38.0 mm) capital raise. Newton Golf Sales Surge in Final Quarter
Net loss at the high-end golf equipment maker was slashed by nearly a third to $2,395,000 from a loss of $8,340,000, as revenues more than doubled to $2,274,000 from $1,073,000 prior. Whoop Closes Series G Funding Round
The fitness tracker company raised $575 million at a $10.1 billion valuation in a series G funding round led by Collaborative Fund, bringing its total funding to over $950 million. Sturm, Ruger Rejects Beretta Overture, but Sets Meeting
RGR’s board of directors denied the Italian gunmaker’s request for an exemption to its poison pill shareholder rights plan, but confirmed that representatives from both companies will meet in person on Apr. 9. Firearms Trade Mixed to End Year
December firearms imports continued the downward trend that’s plagued 2025, according to ITC data compiled by the NSSF, with handgun imports dropping 19% to 2,675,553 units in 2025. Etcetera: Lowa, Philcos, Sierra, Craft
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