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Daily News Feed 10/06/2026 Holiday Spending to Top $1.7 Trillion, ICSC Finds
Shoppers will find ways to make their Holiday 2026 spending happen despite macro headwinds, according to ICSC’s Holiday Intentions Survey, which forecasts 4.3% to 4.9% retail sales growth to over $1.7 trillion for the season. Stoke Shoes Adds Former Deckers Chief as Advisor and Investor
Dave Powers, who led DECK from 2016 to 2024 and oversaw exponential growth at Hoka and Ugg, has joined the men’s comfort sneaker brand as an advisor and investor.
The performance apparel and accessories maker has inked an agreement to acquire the Champion System custom cycling, triathlon, and running apparel brand from Lever Style Corp. Al’s Sporting Goods Closing after 91 Years
The landmark Wilmington, DE, sporting goods store is shutting its doors for good in Dec. after efforts to sell the business came up short, according to reports in local media. Dick’s Hit with Another Suit over Foot Locker Deal
DKS and chairman Ed Stack, along with several other officers, are embroiled in another proposed class action suit brought by Michael Lewis in PA district court, stemming from statements made about its Foot Locker acquisition. Adidas Sues White Fox Boutique over Stripes
The Big a sued the Australian online fashion retailer in that nation’s federal court, claiming its four-stripe clothing infringes on the iconic Three-Stripe trademark. Thermore Partners with Patagonia on Mid-weight Layers
The outdoor apparel brand will use Thermore EVOdown insulation in its new Heyes Peak collection, designed for transitional seasons and mixed-weather adaptability.
10/05/2026 Nike Downgraded after Weak Q1 by S&P Global
S&P cut the Eager Beavertons’ long-term issuer credit rating and unsecured issue-level ratings from A+ to A, and affirmed their A-1 short-term and commercial paper ratings, and now expects turnaround efforts to extend beyond the firm’s previous forecast. Brav Revenue Dropped 9% Last Year
Sales at the Norwegian owner of Swix, Lundhags, Toko, Ulvang, and Helsport fell by more than 9% to NOK 957 million ($92.1 mm) from NOK 1.06 billion, while the operating loss widened to NOK 238 million ($22.9 mm) from NOK 91 million.
The 73-year-old Canadian outdoor retailer announced on its website that it will cease operations in the coming weeks following filing for creditor protection four months ago, owing more than C$18.7 million ($13.6 mm) against just C$3.2 million ($2.3 mm) in assets.
NSSF’s adjusted NICS FBI background checks declined 2.3% to 1,152,077 in Sep. from 1,179,424, marking the first down month since the start of the year. Etcetera: Alo Yoga, Under Armour, Fabletics, Golden Goose, Ping
10/02/2026 Tariff Refunds Power Huge Q2 Profit Gains
Aggregate sales and net income continued their positive trends from the first quarter, with Q2 revenue at public sporting goods companies growing 10% to $54,943.3 million from $50,130.6 million and the bottom line jumping 154% to $3,943.3 million from $1,552.3 million as IEEPA tariff refunds poured in. Frasers Group Takes Stake in Under Armour
The U.K. retailer has accumulated 16,576,500 Class A shares of UA’s beaten-down stock, representing an 8.78% stake of the 188,839,506 shares outstanding, according to a Schedule 13G filing.
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