Latest News 10/22/2025 Topsports’ Sales Slip on Sluggish Store Traffic
Net income at the Chinese multi-banner retailer dipped 10% to RMB 789.1 million ($110.5 mm) from RMB 873.8 million for the six months ended Aug. 31 on a revenue decline of 6% to RMB 12,298.6 million ($1,721.8 mm) from RMB 13,054.7 million. Thule Boosted by Quad Lock but Underlying Trends are Still Weak
Net income increased by 5% in the third quarter to SEK 314 million ($33.2 mm) from SEK 300 million on 8% higher revenues of SEK 2,528 million ($266.9 mm), up from SEK 2,344 million last year. Tariff Update: India Deal Coming, Supreme Court Briefs Filed
Indian levies could be coming down to the 15%-16% range from the current 50% mark, according to a report from Indian news outlet Mint, as talks resume over India’s oil buys from Russia and other trade matters. Mips Grows Double Digits Driven by Bike Helmets
Revenues at the Swedish helmet tech company increased 10% in the third quarter to SEK 135 million ($14.3 mm) from SEK 123 million, but net income slipped 5% to SEK 34 million ($3.6 mm) from SEK 36 million.
The active recovery footwear brand appointed co-founder Lou Panaccione and Reebok and Decker’s veteran Angel Martinez as co-CEOs. Charles River Apparel Scion Named CEO
Jason Lipsett was elevated to president and CEO of Sharon, MA-based Charles River, succeeding his father, Barry Lipsett, and his grandfather, Walter Lipsett, the company’s founder. Report: Oregon Retailer Has New Owners
After reporting in local media that three-door Portland outdoor gear retailer Next Adventure was shutting down after 28 years, the owners have now announced that they have found local investors to take over operations. Deckers Faces Setback over Ugg Knockoffs
DECK saw a CA district court judge side in favor of Last Brand (dba Quince), granting Quince a partial summary judgment ruling that Ugg-brand Mini and Tasman trade dress designs are generic and therefore ineligible for protection. NFL Properties Scores Win over Trademark Suit
NFL Properties sees a S. NY district court judge dismiss with prejudice attorney Todd Bank’s suit, in which he sought to sell unlicensed NFL merchandise without the risk of being sued by the defendant for infringement. Etcetera: Moncler, Mizuno, Bass Pro, Range USA, REI
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