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Daily News Feed 11/24/2025 Mixed Holiday Shopping Trends from Mastercard, TransUnion
Mastercard made the case that “intentional” is the word of the year for Holiday 2025 shoppers, based on rising value and calendar consciousness, in its inaugural 4,000-consumer Shopper Snapshot, conducted in conjunction with Harris Poll. Kohl’s Names Bender Permanent CEO
The mass merchant removed the interim tag from 30-year retail industry veteran Michael Bender, naming him CEO, as Kohl’s aims to turn around its fortunes with a focus on elevating its proprietary brands business.
The golf equipment and apparel company elevated founding team member Brad Schweigert to COO and named Jill Davis CIO, as PXG aims to strengthen operations and drive the company’s next phase of growth. S&P Global Optimistic on Topgolf Sale
The ratings agency placed Topgolf Callaway Brands’ B issuer credit rating on CreditWatch Positive, anticipating that the remaining Callaway golf business will be on a strong financial footing following the sale of Topgolf. Rapala VMC Completes Tender Offer
The Finnish fishing tackle company used some proceeds from last week’s sale of 9.000% Capital Securities to buy back €28.5 million of Existing Capital Securities at a price of €20,700 per €20,000 in principal amount. Etcetera: The North Face, Authentic Brands
11/21/2025 Rugged Footwear Market Slides Further in 2024
Branded rugged outdoor footwear sales tallied a second consecutive year of contraction after their pandemic-driven surge, falling 4.5% in U.S. dollars last year to $6,025 million from $6,311 million. Asics Leans into Performance Running Growth Plan
Touting its progress in capturing market share in Performance Running, the Japanese sportswear brand intends to continue expanding its business in its largest category with emphasis on higher-end shoes and emerging markets, it revealed at its 13th Investor Day this week. Celeste Burgoyne Leaves Lululemon for Vail Resorts
LULU’s Celeste Burgoyne, president of the Americas and global guest innovation, has decided to depart the company to become Vail Resorts’ EVP and chief revenue officer, effective Jan. 26. Umbro Taps New Apparel, Footwear Licensees
Umbro’s owner, Iconix International, plans to relaunch the iconic British football brand in North America next year and has appointed the key licensees in major categories. Moody’s Sees MODG’s Topgolf Sale Decreasing Leverage
The ratings agency confirmed Topgolf Callaway’s B1 corporate family rating and the B1 rating on the senior secured term loan B, while changing the outlook to stable from under review.
The MI-based tackle shop, which serves southwest MI and Northern IN, has been sold to long-time store associates, Steven Szymczak and Michael Savage, by Darrin Schaap for undisclosed terms. Etcetera: On Running, Sierra, Jolyn
11/20/2025 Shoe Carnival Guides for Return to Growth in Late 2026
Net income dropped 24% to $14,646,000 from $19,242,000 for the third quarter on 3% lower sales of $297,155,000 down from $306,885,000, with comps down 2.7%, including about 50 b.p. of negative impact from re-bannering efforts in the quarter. Colt CZ Group Cuts Guidance on U.S. Government Shutdown
Net income quadrupled to CZK 407,875,000 ($19.5 mm) in the third quarter from CZK 99,039,000 last year, but growth in ammunition sales was more than offset by weak firearms demand, sending revenues down 4% to CZK 5,055,754,000 ($241.1 mm) from CZK 5,281,880,000. JD Sports’ Comps Fall, Warns of Consumer Headwinds
JD’s North American business, which includes JD Sports/Finish Line, Hibbett, DTLR, and Shoe Palace, comped down 1.7% in the third quarter, though organic sales increased 3.0% to £1,079 million ($1,458 mm). Thule Sets New Growth, EBIT Targets in 5-Year Plan
The company is planning to expand the market-leading “champion” products in its portfolio over the next decade to support new long-term financial targets, it revealed at its 2025 Investor Day. Athleta Q3 Sales Tumble Double Digits
Revenues at Gap, Inc.’s women’s active banner were down 11% to $257 million from $290 million, comping down by the same percentage, lapping last year’s relatively strong +5% comp. Thanksgiving Weekend Shopping Will Set New Records, NRF Finds
Thanksgiving Day through Cyber Monday is expected to see a record 186.9 million shoppers this year, up from 183.4 million last year, according to the NRF and Prosper Insights & Analytics survey of shopping intentions. Asics Acquires Two Race Platforms
Asics has inked agreements to acquire two race registration platforms, Spain-based DPKT Innovation (Deporticket) and Thailand-based Thaidotrun (Thairun) for undisclosed terms. Moody’s Downgrades Winchester Parent’s Outlook
Olin Corp.’s Ba1 corporate family rating and debt level ratings were not changed, but Moody’s changed the company’s outlook to negative, a week after S&P Global made the same move. Ouraring Files ITC Complaint, Sues More Competitors
The Finnish smart ring maker filed a complaint with the International Trade Commission seeking to block several companies, including Reebok, Nexxbase, and Zepp, from importing certain smart wearable devices into the U.S. Etcetera: On Running, Topgolf, Salomon, Outdoor Holding, New Balance, Perfect Moment
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