In observance of the Labor Day federal holiday we will not publish SGI NewsWire on Monday, Sep. 1. We will resume publishing on Tuesday, Sep. 2.

Colt CZ inked an agreement to acquire a 51% stake in gunpowder ingredient maker, Synthesia Nitrocellulose (SNC), which is currently 100% owned by Kaprain Chemical, in a deal valued at CZK 22 billion ($1.0 billion), about 8.2x times expected 2025 EBITDA.

Frasers Group announced that David Daly will step down from the board at its general meeting on Sep. 24, after eight years chairing the company, and will be succeeded by Sir Jon Thompson, effective Sep. 1.

After a week in which the planned acquisition of Foot Locker received overwhelming approval from shareholders and passed the Hart-Scott-Rodino review, Dick’s still found time to report a solid second quarter and raise its full-year top- and bottom-line guidance.

Net loss widened 85% to $18,471,000 from $9,992,000 for the second quarter on sales that were up 4% to $545,965,000 from $525,188,000, as total blended comps improved 4% on a +5% store comp and e-commerce growing 1%.

Net income at the Chinese apparel supplier improved 8% to RMB 3,176,836,000 ($439.4 mm) from RMB 2,931,028,000 on 15% sales growth to RMB 14,966,384,000 ($2,070.0 MM) against RMB 12,975,971,000.

Gap, Inc.’s women’s active banner struggled in the second quarter, tumbling 11% to $300 million in sales from $338 million with -9.0% comps, in a performance management called disappointing.

The small Hong Kong-based footwear manufacturer’s net income swung to a loss of $203,000 from a profit of $165,000 in the first half, on sales that declined 54% to $1,481,000 from $3,232,000, hurt by its customers shifting sourcing away from Chinese manufacturers due to potential tariffs.

The Netherlands-based parent of Raleigh and other bike brands announced that it will shutter its Heerenveen facility by the end of Q1 ‘26 and transform it into a strategic hub focused on design, engineering, and support functions.

SKX and 3G Capital Partners have now received all required regulatory approvals necessary to consummate their $9.4 billion go-private transaction.

ASO has already opened three new stores this quarter in Boardman, OH; Beaufort, SC; and Virginia Beach, VA, and will open eight more this fall.

Swoosh CEO Elliott Hill’s plan to realign corporate roles into running, basketball, football, training, and sportswear “fields of play” will result in additional job cuts, CNBC first reported, citing an internal memo it obtained.

The connected fitness company sees the 2nd U.S. Court of Appeals overturn a ruling by a lower court, determining that a shareholder suit accusing PTON of making three false and misleading statements that inflated its stock price can proceed.

DT Swiss is recalling approximately 6,150 carbon fiber road wheels with an ID code of 2740000 or higher due to a defect in the wheel that can compromise its structural integrity.

Net income attributable to shareholders decreased 9% to RMB 7,031 million ($984.3 mm) from RMB 7,721 million for the first half ended June 30, on 14% revenue growth to RMB 38,544 million ($5,396.2 mm) from RMB 33,735 million.

Just two weeks before it is set to be acquired by Dick’s SG, Big Foot continued to struggle in its final quarter as a public company, tallying a Q2 loss of $38 million against $12 million, as revenues slipped 2% to $1,857 million from $1,900 million, and were down 4% constant currency.

North American comps at the U.K.-based parent of Finish Line, DTLR Villa, Shoe Palace, and Hibbett Sports were down 2.3% in the second quarter ended July 31, but improved sequentially, helped by several key product launches that were deferred from Q1.

Sneakers and sandals sales faltered for KSS in Q2, as the footwear category underperformed the company as a whole, though kids’ footwear and dress casual styles were stronger.

The Swoosh continued to cede ground in boys’ and girls’ sneaker demand as New Balance picked up double-digits, according to the latest edition of Stifel’s Back-to-School Athletic Footwear Survey, which saw Nike hit an all-time low since tracking started in 2008.

GOOS saw its stock rise by nearly 15% after CNBC reported that its controlling shareholder, Bain Capital, has received bids from PE firms and others to take the company private.

The luxury skiwear brand scored approximately $6.6 million in new financing, comprising two promissory notes and a strategic equity investment from X Cubed Capital Management, aimed at fueling growth and strengthening its balance sheet.

The licensed apparel juggernaut tapped industry veteran Jeremi Gorman as chief revenue officer of the newly formed advertising division to lead a new strategy that directly connects brands with fans across its various platforms.