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Daily News Feed 04/24/2026 Gymshark Net Slips Despite Rising Revenues
Final numbers for the fiscal year ended July 31 show the U.K. fitness brand’s top line increased 7% to £647,269,000 ($851.7 mm) from £607,345,000, while profits contracted 5% to £6,823,000 ($9.0 mm) from £7,197,000. Sneaker Demand is Slipping, Survey Finds
Net purchase intent declined 5% year-over-year for athletic shoes and 8% for athleisure and multi-activity footwear, according to the Spring 2026 U.S. Consumer & Executive Footwear Survey from AlixPartners and FDRA. Nike Announces Another Round of Layoffs
The Eager Beavertons will slash about 1,400 positions, primarily in the technology department, aimed at streamlining the Swoosh’s technology, manufacturing, and supply chain operations. Rossignol Sales Up Low Singles Last Year
Rossignol Group said sales improved 4% on a like-for-like basis to €346 million ($389 mm) and 3% constant-currency, driven by its year-round performance strategy. Protective Headgear Inventor Sues Guardian Sports
Shane Michael Johnston, who holds several protective headgear patents, filed suit in GA district court against Guardian Sports for infringing on five patents with its Guardian Xenith Loop. Etcetera: Xtep, New Era, Watchtower, Nemo
04/23/2026 Shimano Q1 Profits Benefit from ForEx Impacts
Strong growth in fishing more than offset listless bike component sales in the first quarter, pushing revenues 4% higher to ¥117,644 million ($749.9 mm) from ¥113,539 million, with net income jumping 31% to ¥12,814 million ($81.7 mm) from ¥9,786 million. Helen of Troy Forecasts Growth for Hydroflask and Osprey Segment
Revenues at HELE’s Home & Outdoor segment dipped 2% to $216.5 million for the fiscal fourth quarter ended Feb. 28 as Osprey Packs’ growth eased declines at Hydroflask and the Oxo kitchen brand. Polygiene Group Swings to Loss in Q1
Sales were down 25% in the first quarter to SEK 31,018,000 ($3.4 mm) from SEK 41,493,000, with a loss of SEK 1,168,000 ($0.1 mm) for the quarter compared to SEK 23,000 profit prior, as results faced an 850 b.p. ForEx headwind. New Wave Group’s Sports Sales Inch Higher
The Swedish parent of Craft and Cutter & Buck, and distributor of other labels, reported a 7% increase in first-quarter sales to SEK 2,328 million ($237.1 mm), with the Sports & Leisure segment inching up 1%. Mips Sales Up Low Double-Digits in Q1
The Swedish helmet technology company’s net income grew 53% in the first quarter to SEK 29 million ($3.0 mm) from SEK 19 million, as revenues improved 30% to SEK 151 million ($15.4 mm) from SEK 116 million, and were up 25% on a constant-currency basis. Vail Resorts’ Skier Visits Decline in Disappointing Winter
Vail said it has been one of the most challenging winters across the western U.S., with record-low snowfall and historically warm temperatures, resulting in 15% lower total skier visits at MTN’s mountain resorts, while retail/rental revenue in N.A. locations dropped 7%. CPSC Recall: Adjustable Dumbbells
Tzumi Electronics is recalling about 50,000 FitRx SmartBell Quick-Select 5-52.5lbs adjustable dumbbells because the weight plates can dislodge from the handle during use. Etcetera: Bass Pro, Caddix, Joola, Rockport
04/22/2026 Lululemon Lands Heidi O’Neill as New CEO
The newest Chief Lulunatic is long-time Nike executive Heidi O’Neill, who will bring a solid resume of experience in product and direct-to-consumer sales leadership to the brand when she arrives on Sep. 8. Tariff Refund Portal is Live, with A Few Hiccups
Phase I of IEPPA tariff refunds is underway, as Customs and Border Protection’s CAPE portal went live Monday, with initial functionality reported to be working smoothly, though several complaints have surfaced on major outlets.
Retail sell-through at the Chinese sportswear giant was up mid-single digits for the first quarter, excluding Li-Ning Young.
Andrew Higginson, the former Tesco executive who oversaw JD’s aggressive expansion over the past four years, will step down after the retailer’s annual meeting on July 21. Puma Names New VP of Global Wholesale
The Big Cat tapped Bertrand Blanc as vice president global wholesale, effective May 1, reporting to chief commercial officer, Matthias Baeumer. WFSGI Appoints Two New Co-Chairs
The World Federation of the Sporting Goods Industry elected New Balance’s chief operating officer, Dave Wheeler, and Jore Casimiro, Nike’s chief public affairs and public policy officer, as co-chairs at the 2026 annual general assembly in Boston. Etcetera: J.Lindeberg, Mips, Dead Air Silencers, Golden Goose, Snow Peak, Dick’s, Fanatics
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