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Sporting Goods Industry News for March 24, 2026
Net income attributable to shareholders at the Chinese sportswear brand was down 14% to RMB 1,308.9 million ($183.2 mm) from RMB 1,148.6 million for 2025, though revenue tallied RMB 11,145.8 million ($1,560.4 mm), up 11% from RMB 10,073.5 million.
The South African protective equipment maker finished last year in the black, posting a profit of $3,263,922 against a $2,204,664 loss in 2024, as revenue soared 41% to $61,907,914 from $44,027,942.
The Rip Curl, Kathmandu, and Oboz parent said “Naur” to former Billabong CEO, Paul Naude, rejecting a bid to add Naude’s Stokehouse surf apparel and accessories company to Rip Curl.
The UK retail conglomerate controlled by Mike Ashley has accumulated a 29.26% stake in ASOS through a mix of direct shares and derivatives, making it the company’s largest investor, SGI Europe reported.
In advance of its 2026 annual meeting, RGR added a section on its website to host information related to its proxy battle with Beretta, including a new presentation that makes the case for staying the course.
The Eager Beavertons were awarded $11 million in total damages by a Cen. CA district court jury, which found social media influencer Nick Tuinenburg and his company, Divide the Youth, liable for counterfeiting and infringing on Nike’s Dunk trade dress.
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