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Sporting Goods Industry News for March 12, 2026
Foot Locker integration costs and a Holiday clearance push to clean up obsolete inventory there weighed on Dick’s bottom line, sending profits down 57% to $128,337,000 from $299,969,000 while the newly acquired sneaker chain’s incremental sales pushed total Q4 revenues up 60% to $6,226,054,000 from $3,893,649,000.
Net income grew 33% in Q4 to $19,550,000 over $14,754,000 as net sales increased 4% to $291,308,000 from $279,160,000, with comps up 2.2%, as North American sales grew 5% to $224.4 million and International was up 3% to $66.9 million.
Net loss was $4,073,000 against a slight profit last year, hurt by a $3.4 million impairment charge on its held-for-sale UST brand, as AOUT revenues fell 3% in the fiscal third quarter ended Jan. 31 to $56,576,000 from $58,505,000.
Judicial action is underway on the tariff refund front as the U.S. Court of International Trade ordered Customs and Border Protection to start a refund process after a senior judge ruled all affected importers “are entitled to the benefit” of refunds in response to a pending lawsuit from a single company.
The U.K.-based fitness apparel maker pre-announced results for the fiscal year ended July 31, 2025, touting a 7% increase in revenue to £646 million ($862 mm) from £607 million, its 13th consecutive year of growth.
G-III Apparel Group said its licensed sports brands topped $130 million in sales last year, up mid-single digits, on full-year results from Starter and the first six months of Converse apparel.
The mobile-focused gun e-tailer’s net income dropped 80% to $0.4 million in the final quarter ended Jan. 31, from $2.0 million, despite revenues up 14% to $29,624,000 from $25,957,000.
LULU founder Chip Wilson issued an open letter to shareholders outlining the board’s shortcomings and why he put forward On Running co-CEO Marc Maurer, former ESPN chief marketing officer Laura Gentile, and former Activision CEO Eric Hirshberg as director candidates.
The Lulunatics paid A$702,900 ($497k) in penalties after Australian authorities found that more than 370,000 service emails sent over the 2024–25 Holiday period included marketing content without an unsubscribe option.
ProRider is recalling about 9,546 Economy, Turn Ring, Black Foam, BMX, and Toddler bike helmets because they do not comply with impact attenuation, positional stability, labeling, and certification requirements.
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