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Daily News Feed 11/26/2025 No NewsWire on Thanksgiving Weekend
In observance of Thanksgiving we will not publish SGI NewsWire on Nov. 27 or 28. We will resume publishing on Monday, Dec. 1. Global Casual Footwear Market Grew 3.5% Last Year
Building on a slight increase in 2023, the international branded casual footwear market grew by 3.5% last year to $17,016 million from $16,447 million, with balanced growth from the U.S. and global sales. Topgolf Callaway Maps Post-Sale Strategy
Callaway will maintain a preferred marketing agreement with Topgolf as its exclusive equipment partner after it sells a 60% majority stake to Leonard Green & Partners, according to an investor presentation from MODG. China Dongxiang Profits Grow Double Digits on Flat Sales
The Chinese footwear and apparel company’s bottom line improved 49% to RMB 203,773,000 ($28.5 mm) in the fiscal first half ended Sep. 30 from RMB 136,965,000 last year, driven by its investment segment, which includes gains from changes in fair value of financial instruments. Helen of Troy Amends Credit Agreement
The Hydro Flask and Osprey Packs parent negotiated an amendment to its revolving credit facility, reducing the commitment from $1.0 billion to $750 million and easing its leverage limitations. National Park Visits Drop 8% in October
National Park recreational visits fell by 8% to 26,155,117 from 28,426,737 last month, impacted by the federal government shutdown, which also resulted in late reporting of data by some parks. CPSC Recalls: Children’s Helmets, Camping Stoves
Outdoor Master is recalling about 24,300 children’s and youth helmets because they do not comply with mandatory positional stability and coverage requirements, and will provide owners with a full refund. Etcetera: Designer Brands, Bluestar Alliance, Xebio
11/25/2025 Dick’s Outperforms in Q3, Plans Foot Locker Clearance for Q4
Third-quarter profits tumbled by 67% to $75,212,000 from $227,813,000, with the addition of nearly two months of Foot Locker sales sending total revenues 36% higher to $4,167,773,000 against $3,057,181,000, as DKS revealed plans for a broad-based restructuring to “clean out the garage” at Big Foot. Kohl’s Raises Guidance, but Active Underperforms
The mass retailer said that softness in sneakers and boots contributed to a weak performance from the footwear category in Q3, though its proprietary activewear apparel brands Tek Gear and FLX led a positive result for private label in the quarter. September Sporting Goods Sales Inch Lower
Now that the Commerce Dept. is back at work, the Census Bureau said that sporting goods/hobby/book and music store adjusted sales slipped 0.2% in Sep. to $7,951 million from $7,965 million and were off 2.5% sequentially. HBI Shareholders Approve Merger, Deal Passes HSR
Hanesbrands’ shareholders greenlit Gildan’s acquisition of the company for $2.2 billion in cash and stock at a special meeting held virtually this morning, Nov. 25. Acushnet Completes Notes Offering
GOLF closed the sale of $500 million of 5.625% senior notes due in 2033, and the proceeds will be used to redeem its $350 million of outstanding 7.375% senior unsecured notes due Oct. 2028, along with repaying part of its revolver. S&P Global Contemplates Under Armour Downgrade
With the recent news that Under Dog will part ways with Steph Curry, the ratings agency placed it on CreditWatch with negative implications, raising a possible future downgrade of UA’s BB-, long-term issuer credit rating. Under Armour Faces Suits over Data Breach
Under Dog was hit with two separate proposed class action suits in MD district court, accusing it of failing to adequately protect private information in a Nov. hacking incident. Etcetera: Under Armour, Alo Yoga, Stack Athletic, CEP Running
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
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