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Sporting Goods Industry News for January 22, 2026

Trump Backpedals on Greenland Acquisition

Industry stocks have been on the rebound since Wednesday afternoon after President Trump announced that his threatened Feb. 1 slate of tariffs on imports from eight European countries was now off the table.

Lululemon Takes Heat from Founder over Bottoms

After yesterday’s news of a temporary suspension of Get Low e-commerce sales, LULU founder Chip Wilson took to social media to criticize the company’s board of directors for a lack of oversight.

The Wing Group Buys Paddlesports Apparel Brand

The watercraft equipment and apparel company has inked an agreement to acquire Kokatat, joining the Wing Group’s portfolio of brands, which include Mustang Survival, Wing Inflatables, FabTek, Henshaw, and Patten.

Fleet Feet Acquires Marathon Sports Glastonbury

Fleet Feet franchisees Fernanda and David Jacobs have added the Glastonbury, CT, running specialty store to their existing Hartford location, with a soft open on Jan. 22 after the rebanner.

Compass Diversified Downgraded by Moody’s

Now that the 5.11, Primaloft, Boa, and Velocity Outdoor parent has caught up with financial reporting delayed by the Lugano fraud investigation, the ratings agency weighed in on the current state of the company, lowering its corporate family rating to B3 from B2.

Stio Adds Four in Key Roles

The Jackson, WY-based technical apparel brand is staffing up across product, e-commerce, and planning responsibilities with four new hires.

Under Armour Faces another Suit over Data Breach

Under Dog was hit last month with a proposed class action in MD district court, accusing it of failing to adequately protect private information in a Nov. hacking incident.

Patagonia Sues Pattie Gonia

The outdoor brand filed suit in Central CA district court, accusing Entrepreneur Enterprises (dba Pattie Gonia Productions) and its owner, social media personality Wyn Wiley, of infringing on Patagonia’s multi-colored P6 logo and marks.

CPSC Recalls: Chairs, Treadmills

Academy Sports + Outdoors is recalling about 35,300 Magellan Odyssey rocker chairs because the chair’s legs can break.

Etcetera: Caleres, Salomon, PrimaLoft, Target, Hibbett, PGA Tour Superstore, Revel Bikes
 
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