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Daily News Feed 04/28/2026 Rocky Brands’ Profits Tumble on Tariff Impact
Mitigation efforts could not offset $7.1 million of incremental tariff expense in Q1, sending net income down 75% to $1,259,000 from $4,941,000 despite 9% sales growth to $124,401,000 from $114,073,000. Lululemon Adds Another Director, Calls Out Chip Wilson
LULU appointed former chief growth and marketing officer at Unilever, Esi Eggleston Bracey, to its board of directors, replacing Colgate-Palmolive COO Shane Grant, who will not stand for re-election at the June 25 shareholders’ meeting. Section 301 Tariff Hearings Begin
The U.S. Trade Representative’s office kicked off the first round of a two-week slate of Section 301 investigations hearings in Washington on Tuesday, as a look into the use of forced labor in products for U.S. import, produced over 450 comments and drew 60 panelists for a two-day hearing. Nike Reduces Staff at Missouri Facility
The Eager Beavertons will lay off 172 workers at its MO air-sole facility this summer, according to a WARN notice filed with the state’s Department of Labor and Industry. Blaser Group Appoints McBrayer to Lead U.S.
The Germany-based firearms maker elevated its current director of shotgun sales in the U.S., Josh McBrayer, to CEO of operations here. REI San Diego Files for Union Election
Staff at the outdoor co-op’s San Diego, CA, store have filed a request to join the United Food and Commercial Workers Union. Etcetera: S&S Activewear, Bedrock Sandals
04/27/2026 Fenix Outdoor Segment Grows, but North America Falters
Branded segment revenues at the Swedish outdoor company, home of Fjällräven, Royal Robbins, Brunton, and others, were up 2% to €58.0 million ($67.9 mm) for the first quarter. Lowa Revenues Rise to $272 Million despite Challenging Market
The Tecnica-owned footwear maker reported 4% revenue growth to a record €242.1 million ($272.0 mm) last year, selling 3.1 million pairs of shoes, up 5% year over year. New Era Cap Resets C-Suite Following ‘47 Brand Integration
The Buffalo, NY-based licensed headwear maker elevated Bruce Popko from SVP global licensing & business development to president, and Lorenz Gan, chief digital & information officer, to COO, both under New Era CEO Chris Koch. Varsity Brands Details Sports Endeavors Acquisition
Varsity Brands’ BSN Sports subsidiary will absorb Sports Endeavors and Lax.com, the company revealed in a press release offering more details on its recent acquisition, which we reported last week. Report: JD Sports Chair Exiting After Failed Putsch
Andrew Higginson, who unexpectedly announced last week that he’ll depart the U.K.-based retailer on July 21, made the decision after a failed coup against CEO Régis Schultz, the Financial Times first reported.
Asics is establishing a 26,000-sq.-ft. technical lab in Kobe dedicated to custom footwear and new sneaker designs, with a start date of Dec. 2027. 04/24/2026 Gymshark Net Slips Despite Rising Revenues
Final numbers for the fiscal year ended July 31 show the U.K. fitness brand’s top line increased 7% to £647,269,000 ($851.7 mm) from £607,345,000, while profits contracted 5% to £6,823,000 ($9.0 mm) from £7,197,000. Sneaker Demand is Slipping, Survey Finds
Net purchase intent declined 5% year-over-year for athletic shoes and 8% for athleisure and multi-activity footwear, according to the Spring 2026 U.S. Consumer & Executive Footwear Survey from AlixPartners and FDRA. Nike Announces Another Round of Layoffs
The Eager Beavertons will slash about 1,400 positions, primarily in the technology department, aimed at streamlining the Swoosh’s technology, manufacturing, and supply chain operations. Rossignol Sales Up Low Singles Last Year
Rossignol Group said sales improved 4% on a like-for-like basis to €346 million ($389 mm) and 3% constant-currency, driven by its year-round performance strategy. Protective Headgear Inventor Sues Guardian Sports
Shane Michael Johnston, who holds several protective headgear patents, filed suit in GA district court against Guardian Sports for infringing on five patents with its Guardian Xenith Loop. Etcetera: Xtep, New Era, Watchtower, Nemo
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