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Sporting Goods Industry News for November 20, 2025
Net income dropped 24% to $14,646,000 from $19,242,000 for the third quarter on 3% lower sales of $297,155,000 down from $306,885,000, with comps down 2.7%, including about 50 b.p. of negative impact from re-bannering efforts in the quarter.
Net income quadrupled to CZK 407,875,000 ($19.5 mm) in the third quarter from CZK 99,039,000 last year, but growth in ammunition sales was more than offset by weak firearms demand, sending revenues down 4% to CZK 5,055,754,000 ($241.1 mm) from CZK 5,281,880,000.
JD’s North American business, which includes JD Sports/Finish Line, Hibbett, DTLR, and Shoe Palace, comped down 1.7% in the third quarter, though organic sales increased 3.0% to £1,079 million ($1,458 mm).
The company is planning to expand the market-leading “champion” products in its portfolio over the next decade to support new long-term financial targets, it revealed at its 2025 Investor Day.
Revenues at Gap, Inc.’s women’s active banner were down 11% to $257 million from $290 million, comping down by the same percentage, lapping last year’s relatively strong +5% comp.
Thanksgiving Day through Cyber Monday is expected to see a record 186.9 million shoppers this year, up from 183.4 million last year, according to the NRF and Prosper Insights & Analytics survey of shopping intentions.
Asics has inked agreements to acquire two race registration platforms, Spain-based DPKT Innovation (Deporticket) and Thailand-based Thaidotrun (Thairun) for undisclosed terms.
Olin Corp.’s Ba1 corporate family rating and debt level ratings were not changed, but Moody’s changed the company’s outlook to negative, a week after S&P Global made the same move.
The Finnish smart ring maker filed a complaint with the International Trade Commission seeking to block several companies, including Reebok, Nexxbase, and Zepp, from importing certain smart wearable devices into the U.S.
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