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Sporting Goods Industry News for November 13, 2025

Patagonia Sales Hit $1.47 Billion Last Year

The privately held outdoor apparel company posted $1.47 billion in revenue for its fiscal year 2025, which ended Apr. 30, according to its Work in Progress 2025 Impact Report, with 61% of the top line from domestic sales and 39% from international.

Zett’s Net, Sales Grow in Sep. Quarter

Net income improved 59% to ¥175 million ($1.2 mm) from ¥110 million in the fiscal second quarter ended Sep. 30, on 7% sales growth to ¥14,673 million ($99.5 mm) from ¥13,708 million.

Newton Golf Sales Improve in Q3

Net loss at the high-end golf equipment maker expanded to $1,580,000 from a loss of $1,060,000, despite revenues more than doubling to $2,582,000 from $1,211,000 prior.

Nike Downgraded by Moody’s

The ratings agency sees a mixed bag in the Swoosh’s turnaround efforts, with a longer-than-expected timeframe prompting a downgrade of its senior unsecured notes to A2 from A1, senior unsecured shelf to (P)A2 from (P)A1, and senior unsecured Medium-Term Note Program to (P)A2 from (P)A1.

Shoe Carnival is Dead, Long Live Shoe Station

The family footwear retailer’s ongoing transition to the Shoe Station banner took a significant step forward as the SCVL board gave a unanimous thumbs-up to Shoe Station Group, Inc. as the new corporate name, pending shareholder approval at the June 2026 annual meeting.

VF Corp. Completes Dickies Sale

VFC closed the deal to sell the workwear brand to Bluestar Alliance for $600 million in cash, as part of VF’s Reinvent turnaround strategy, with the proceeds going to reduce its net debt level.

BasicNet Buys Woolrich Europe

The Italian owner of Kappa, K-Way, Superga, Sebago, and other brands will pay €40 million in cash and stock for the Woolrich brand in Europe and Woolrich Europe S.p.A., which handles distribution and retail.

CPSC Recall: Trek Bikes and Wheels

Trek is recalling about 74,820 Trek and Electra-branded bicycles with coaster brakes and replacement rear wheels with coaster brakes, because the brakes can fail to engage.

Etcetera: Ciele Athletics, Puma, Nike, Fleet Feet, Topgolf Callaway
 
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