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Daily News Feed


04/06/2026


Pon Bike Revenues Slip in 2025

Dutch conglomerate Pon Holdings’ Pon.Bike division posted sales of about €2 billion in 2025, down from €2.1 billion the year before, while maintaining profitability in a choppy environment, though hard figures were not available further down the P&L.

Crocs Scores Upgrade from Moody’s

The ratings agency raised Crocs’ corporate family rating to Ba2 from Ba3 and also bumped up its debt-level ratings on the clogmaker, while revising its outlook to stable from positive.

Nike Closing Fitness Studios

The Eager Beavertons have shuttered or suspended all of their boutique fitness studios’ operations, according to multiple reports.

U.S. Ski Team Sues 360Sweater

The U.S. Ski Team filed suit in UT district court, accusing 360Sweater Company (dba Naked Cashmere) of infringing on its logo and marks.

Etcetera: Adidas, L.L. Bean, Li Ning, Li Ning, Revel Bikes

04/02/2026


No NewsWire on Good Friday

In observance of Good Friday, we will not be publishing SGI NewsWire on Friday, April 3. We will resume publishing on Monday, April 6.

Tariff Refund Portal Progressing, CBP Reports

The development of IEPPA tariff refund infrastructure is well past the 50% mark, according to a court filing this week from CBP official Brandon Lord, although the department is still mum on a start date for applications.

WHP Global Closes Lands’ End Deal

The licensing company that owns Lotto and a dozen other brands now owns a 50% stake in LE brand assets through a joint venture with the retailer.

NICS Checks Rise Again on Gun Control Fears

NSSF’s adjusted NICS checks increased for the second consecutive month, rising 1.9% to 1,412,917 in Mar. from 1,386,724 a year ago, and are up 1.6% year to date.

ThredUp Projects Secondhand Apparel to Reach $393 Billion by 2030

The apparel resale platform sees secondhand apparel sales growth outpacing the overall apparel market by a factor of two, with a 7.3% CAGR vs. 3.6% between 2025 and 2030.

Solo Brands Faces Delisting Again

Trading in the Solo Stove and Chubbies parent’s shares has been suspended by the NYSE, which has commenced proceedings to delist SBDS because its market cap fell below $15 million for more than 30 consecutive days.

Nike Beats Most Claims in Investor Fraud Case

The Eager Beavertons scored a victory as an OR district court judge dismissed with prejudice nearly all the claims in a securities class action against the company, but left the door open for the plaintiffs to amend one claim against Nike and former CEO John Donahoe.

Peloton Wins Derivative Suit

An E. NY district court judge has dismissed a suit brought by Sam Solomon on behalf of shareholders that claimed PTON intentionally concealed safety-related defects, which ultimately ended in the company recalling over 2 million Bikes.

American Outdoor Brands Sues over Copycats

AOUT filed suit in TX district court, accusing Eposeidon Outdoor Adventure and KastKing Fishing Tackle of infringing on two patents related to its Bubba interchangeable fillet knife with the defendant’s KastKing products.

CPSC Recall: Ocun Carabiners

Ocun N.A. is recalling about 304 Condor HMS triple carabiners because the gate can malfunction, failing to close automatically and requiring closure by hand.

Etcetera: Fanatics Collectibles

04/01/2026


Sporting Goods Sales Gained Nearly 4% in 2025, SFIA Finds

Total sports equipment, apparel, and athletic footwear sales for 2025 tallied just shy of $130.0 billion, up 3.7% year-over-year and 34.7% over 2020 results, according to the Sports & Fitness Industry Association’s 2026 Manufacturers’ Sales by Category Report.

Symphony Holdings Trims Red Ink

Net loss narrowed at the diversified brand owner, retailer, and real estate company to HK$35,729,000 ($4.6 mm) for the fiscal year ended Dec. 31 from a loss of HK$145,108,000 on revenue that was flat at HK$308,750,000 ($39.6 mm) against HK$307,561,000.

Kontoor Brands’ Outlook Stable, S&P Says

The ratings agency revised the Wrangler and Lee parent’s outlook to stable from negative and affirmed its BB issuer credit rating following its June 2025 acquisition of Helly Hansen and repaying $225 million of debt in the second half.

Interactive Strength Sees 2026 as Breakout Year

After acquiring Wattbike in mid 2025 and Ergatta last month, Austin, TX-based TRNR is guiding for consolidated 2026 revenues of at least $30 million, including about $10 million from the connected rowing brand.

Sail Acquired by Management, Union Fund

The 12-door Quebec-based outdoor retailer is now owned by president and CEO Isabelle Lemay, VP and CFO Stefania Cella, and VP Marketing Catherine Venne, backed by the Fonds de solidarité FTQ.

Sporting Goods, Apparel Soar in February

Sporting goods/hobby/book and music store adjusted sales jumped 11.3% in Feb., the Commerce Dept. reported, tallying $8,528 million compared to $7,660 million and increasing 1.3% sequentially from Jan.’s strong result.

Asics Plans Expansion in Indonesia

Targeting $100 million in annual revenues, the Japanese sportswear giant is accelerating investment in Indonesia, according to a Nikkei Asia interview with Asics president Mitsuyuki Tominaga.

Lululemon Sees Judge Overturn Flyknit Patent

The Lulunatics scored another victory against the Eager Beavertons, as a NY district judge canceled all claims related to Nike’s Flyknit patent no. 8,266,749, which covers various aspects of knitted textile uppers.

Goat Group Launches Lower-End Retail Site

The sneaker and apparel resale platform, which also operates Flight Club and Grailed, is expanding downmarket with a new, everyday footwear-focused site using its sneakers.com domain.

Reju Scores €135 Million in Dutch Funding

The textile-to-textile regeneration company will receive €135 million from the Netherlands’ Nationale Investeringsregeling Klimaatprojecten Industrie (NIKI) program to build out its Regeneration Hub at Chemelot Industrial Park in Sittard-Geleen.

Etcetera: Topo Athletic, Fanatics

 
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