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Sporting Goods Industry News for March 24, 2026

361 Degrees Posts Double-Digit Sales Growth

Net income attributable to shareholders at the Chinese sportswear brand was down 14% to RMB 1,308.9 million ($183.2 mm) from RMB 1,148.6 million for 2025, though revenue tallied RMB 11,145.8 million ($1,560.4 mm), up 11% from RMB 10,073.5 million.

Leatt Returns to Profit in 2025

The South African protective equipment maker finished last year in the black, posting a profit of $3,263,922 against a $2,204,664 loss in 2024, as revenue soared 41% to $61,907,914 from $44,027,942.

Paul Naude Rejected by KMD

The Rip Curl, Kathmandu, and Oboz parent said “Naur” to former Billabong CEO, Paul Naude, rejecting a bid to add Naude’s Stokehouse surf apparel and accessories company to Rip Curl.

Frasers Adds to ASOS Stake, One Step from Takeover Trigger

The UK retail conglomerate controlled by Mike Ashley has accumulated a 29.26% stake in ASOS through a mix of direct shares and derivatives, making it the company’s largest investor, SGI Europe reported.

Ruger Launches Proxy Website

In advance of its 2026 annual meeting, RGR added a section on its website to host information related to its proxy battle with Beretta, including a new presentation that makes the case for staying the course.

Nike Dunks on Social Media Influencer

The Eager Beavertons were awarded $11 million in total damages by a Cen. CA district court jury, which found social media influencer Nick Tuinenburg and his company, Divide the Youth, liable for counterfeiting and infringing on Nike’s Dunk trade dress.

Etcetera: YVO, Skechers
 
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