Following a 7.2% drop in 2023, total hardgoods sales increased 1.8% last year to $107,039 million from $105,122 million, but just 16 of the 42 companies on our list saw an improved top line.

The bottom line at the Japanese retailer plummeted 95% to just ¥11 million ($0.1 mm) from ¥206 million on sales that were up 3% to ¥60,447 million ($418.3 mm) from ¥58,512 million for the fiscal year ended Aug. 31.

Asics North America announced a major restructuring of its management team under CEO Koichiro Kodama, headlined by the promotion of Mike Dougherty to chief operating officer, based in the Boston office.

The athletic brand, which was founded by sports agent Rich Paul, hired 28-year Eager Beaverton Scott Munson as its new president and general manager.

The Sports Direct parent acquired a majority stake in Miami-based luxury retailer, The Webster, aiming to expand its footprint in the space.