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Daily News Feed 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
08/26/2026 Anta Sports’ Smaller Brands Power 13% Growth
Net income attributable to shareholders grew 35% to RMB 9,487 million ($1,423.0 mm) from RMB 7,031 million for the first half, boosted by its share of Amer Sports’ growing profits and an additional RMB 1,549 million from AS’ secondary share placement in March. Kohl’s Sees Sneakers Recovering Momentum
Although footwear continues to trail KSS’ overall performance, the category delivered the most significant sequential gain, with comps accelerating around 500 basis points compared to the prior quarter. Outdoor Industry Association Adds New Team Members
OIA made several appointments and promotions, bolstering its leadership across government advocacy, marketing, operations, and sustainability. Etcetera: Under Armour, PGA Tour Superstore, Killer Golf
08/25/2026 Dick’s Foot Locker Turnaround Stumbles in Q2
Weaker-than-expected results from Big Foot contributed to a 17% drop in net income to $315,461,000 in the second quarter, down from $381,402,000, but incremental sales from the acquisition sent revenues 53% higher to $5,586,815,000 from $3,646,616,000. Xtep Slips in H1 on Shift Toward Value
Net income attributable to shareholders was off 11% to RMB 817,888,000 ($122.7 mm) from RMB 913,568,000 for the first half as revenue inched down 1% to RMB 6,794,917,000 ($1,019.2 mm) from RMB 6,837,642,000. Shenzhou Int’l.’s U.S. Sales Drop Double Digits
Net income at the Chinese apparel supplier plummeted 40% to RMB 1,904,563,000 ($279.7 mm) from RMB 3,176,836,000 on 5% lower sales of RMB 14,179,177,000 ($2,082.1 mm) against RMB 14,966,384,000. Oura Eyes $3 Billion IPO Next Month
The smart ring maker is planning to raise up to $3 billion in an IPO as early as Sep., which could value Oura at more than $16 billion, Bloomberg reported, citing sources close to the matter. Spinnova Aims to Raise $15 Million in Public Offering
The Finnish materials technology company intends to pursue an IPO and list on the Nasdaq Capital Market, in addition to its existing listing in Helsinki. Spinnova confidentially submitted its F-1 registration statement to the SEC, which it said could be filed in the near future. Escalade Enters Dog House Market
ESCA is acquiring ASL Solutions, an IL-based manufacturer of insulated dog and cat houses and accessory products, adding complementary rotational molding expertise and diversifying its current product line. National Park Visits Drop in July
National Park recreational visits declined 3% year-over-year in July to 40,347,663 from 41,557,092 in the seasonally huge month, while year-to-date visits are down 1% to 189,576,492 from 191,307,991.
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