GCO’s mall footwear banner helped drive net income up 38% to $47,611,000 from $34,381,000 in its most important calendar quarter, as total company revenues grew 7% to $799,941,000 from $745,949,000.

Net income jumped to BRL 197.3 million ($37.5 mm) from BRL 2.1 million for the fourth quarter as sales posted a 12% gain to BRL 1,255.2 million ($238.5 mm) from BRL 1,122.4 million.

The outdoor footwear and winter sports equipment maker’s revenue grew 5% to €541.3 million ($608.2 mm) last year, but profits were down due to cost pressures from factory wages and U.S. tariffs.

The Commerce Dept., which is still catching up from the government shutdown, just reported that sporting goods/hobby/book and music store adjusted sales improved 3.2% in Jan. to $8,168 million from $7,918 million but were down 1.2% sequentially.

The Italian sports helmet and eyewear brand has acquired full ownership of its long-standing exclusive U.S. distributor, Rudy Project N.A., as it aims to take direct control of the U.S. and Caribbean markets.

The Finnish smart ring maker has inked an agreement to acquire Doublepoint, which specializes in AI-driven gesture recognition technology for wearables, for undisclosed terms.