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Daily News Feed 08/31/2026 High School Sports Participation Increased 2% Last Year
High school sports participation continued its post-pandemic momentum last school year with a fifth consecutive increase to a record 8,415,684 participants, up 2% over the prior year, according to the annual NFHS High School Athletics Participation Survey.
Net loss narrowed at the diversified brand owner, retailer, and real estate company to HK$ 9,980,000 ($1.3 mm) in the first half from a loss of HK$ 13,322,000 on revenue that improved 17% to HK$ 173,089,000 ($22.1 mm) against HK$ 148,229,000. Reima’s North American DTC Lifts Q2 Top Line
The Finnish kids’ outdoor and activewear company grew sales 14% to €11,101,000 ($12.9 mm) from €9,734,000 in the second quarter with a net loss of €7,430,000 against an €18,161,000 profit last year that included an eight-digit windfall from renegotiated loan terms. Nordic Outdoor Group Adds Bios and iFish
Nordic Outdoor Group AS has signed an agreement to acquire the Swedish sport-fishing and outdoor company Bios Aktiebolag, owner of the iFish brand, for undisclosed terms. Nike Taps Kristin Bauer as Converse Chief Operating Officer
The former Foot Locker chief supply chain officer will oversee operations at Nike’s struggling legacy sneaker brand, reporting to EVP and COO Venky Alagirisamy. Lululemon and Amazon Sue Counterfeiters
LULU and AMZN filed suit in a WA district court, accusing several online sellers of infringing the Lululemon trademark by selling counterfeit Everywhere belt bags. Scheels Opens Huge New Flagship
The employee-owned retail chain grand opened a new store in Cedar Park, TX, bringing its U.S. fleet to 35 locations across 16 states and adding its second store in the Lone Star State. Etcetera: On, Super Retail Group, Mount to Coast
08/28/2026 Grupo SBF Scores Extension of Nike Distribution Deal
Grupo SBF’s Fisia subsidiary inked an amended agreement with the Eager Beavertons to continue their exclusive Brazilian distribution and retail partnership through May, 2034. Authentic Brands Buys Majority Stake in Drake-Led Brand
The owner of Reebok, Champion, and dozens of other brands has acquired a 51% stake in the IP of October’s Very Own, the premium lifestyle brand co-founded by Drake, while naming Vince Holding Corp. as OVO’s core global apparel and retail licensee. Kontoor’s Helly Hansen Addition Supports Growth Plans
Moody’s left Kontoor Brands’ Ba2 corporate family rating unchanged following a recent review, citing its iconic Wrangler brand and growth opportunities in hiking, skiing, sailing, and workwear apparel through Helly Hansen. Peloton Class Action Suit Dismissed
PTON and several of its officers saw an S. NY district court dismiss a proposed class action that claimed the connected fitness company’s execs concealed the truth about plunging post-pandemic demand for exercise bikes. Deckers Wins Dismissal of Quince’s Antitrust Suit
A No. CA federal court judge dismissed Quince parent Last Brand, Inc.’s allegation that Deckers was attempting to monopolize the shearling footwear market with a litany of “sham” trademark and trade dress lawsuits. Etcetera: Bass Pro, Academy, Fabletics, Adidas, Misto Holdings
08/27/2026 Globe International Profits Improve with Core Brands Focus
The Australian skate and extreme sports company reported a 12% gain in net income to A$11,002,000 ($7.4 mm) over A$9,797,000 in the fiscal year ended June 30, as revenues came in flat at A$206,351,000 ($138.5 mm) compared to A$206,295,000. Mainland Headwear Sales Improve as Bangladesh Ramps Up
Net income attributable to shareholders improved 10% to HK$65,930,000 ($8.4 mm) from HK$59,918,000 in the first half as revenue increased 9% to HK$925,859,000 ($118.2 mm) from HK$845,629,000.
Gap, Inc.’s women’s activewear brand continues to seek its footing after another disappointing quarter in which sales fell 12% to $264 million and comps declined by the same percentage. Nike Taps Walmart Exec as Chief Commercial Officer
After eliminating the role last Dec. with Craig Williams’ departure, the Eager Beavertons have named Jane Ewing EVP and chief commercial officer, effective Sep. 7. Kontoor Names New General Manager for Helly Hansen
The Wrangler and Lee parent tapped C.J. King as general manager, Helly Hansen North America, Sport, effective Aug. 31. Giant Buys-Out Minority Owner of Component Supplier
The world’s largest bike maker inked an agreement to acquire United King’s shares of its alloy subsidiary, D-Mag New Material Technology, for a total purchase price not exceeding RMB 597 million ($87.7 mm), increasing its share in the company to 96.63%. Etcetera: Hoka, Rawlings, On, Stio
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