Branded athletic apparel sales remained in the doldrums for the third consecutive year, growing just 2.1% in 2024 to $122,620 million from $120,091 million, lagging the sneaker market’s 5.0% improvement.

The ratings agency raised WWW’s corporate family rating to B2 from B3 and its other ratings by one notch, assigning it a stable outlook, citing ongoing progress in the turnaround.

The exercise tracking app and social network filed suit in CO district court, accusing GRMN of infringing on patent nos. 9,116,922, 9,297,651, and 9,778,053, which relate to segments and heatmaps, with its Garmin Connect platform.

The Finnish company filed suit in TX district court, accusing GRMN of infringing on five of its patents with several popular models, including Marq, Fenix, and Forerunner.