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Daily News Feed


07/23/2026


Deckers Ups Earnings Guidance on Stronger Gross Margins

Net income inched up 2% in the fiscal first quarter ended June 30 to $133,259,000 from $130,768,000 as balanced growth from Ugg and Hoka sent the top line 6% higher to $1,019,531,000 from $964,538,000.

Nike Loses Big in Sex Discrimination Suit

A jury found the Swoosh liable Tuesday after the eight-year-long Cahill v. Nike, Inc. sex discrimination saga was finally heard in U.S. District Court, stating Nike should pay $7.5 million in punitive damages for violations of Title VII of the Civil Rights Act and a matching $7.5 million for Oregon Equal Pay Act violations to sole remaining plaintiff Heather Hender.

Polygiene Bounces Back in Q2

The bottom line at the Swedish maker of antimicrobial fabric treatments swung to a SEK 5,851,000 ($0.6 mm) profit in the second quarter, up from last year’s loss of SEK 3,125,000, on flat revenues of SEK 32,091,000 ($3.4 mm) versus SEK 31,945,000.

Frasers Group Extends Accent Group Takeover Bid

Frasers Group extended its buyout offer for the ANZ distributor and regional Sports Direct operator Accent Group to the end of Sep., after its initial bid received little interest.

Etcetera: Kontoor Brands, Joola, Wild Country

07/22/2026


Nike’s China Pivot Will Bring E-commerce In House

Faced with nine consecutive quarters of falling sales in the PRC, the Eager Beavertons announced a major changeup in their Chinese market strategy effective Jan. 1, 2027, when it will remove online sales from the majority of retail partners there in favor of its own DTC e-commerce and digital storefronts with e-commerce platforms Tmall, JD.com, and Douyin.

Moncler Posts Solid First Half as Stone Island Rebounds

First-half net income at the luxury skiwear and apparel company was up 7% to €164,712,000 ($187.8 mm) from €153,460,000 on 5% higher revenues of €1,289,912,000 ($1,470.5 mm) over €1,225,665,000.

KMD Sees Progress with Turnaround Plan

The Rip Curl, Kathmandu, and Oboz parent said that sales are expected to total between NZ$1,040 and NZ$1,044 million ($609 mm at the midpoint) for FY26, which ends July 31, up around 5% from the year before.

Puma Adds Reebok Vet to Lead E-Commerce

The Big Cat hired former Reebok and Adidas exec Dusan Hamlin as vice president e-commerce, a newly created role reporting to Puma’s chief commercial officer Matthias Bäumer.

Genesco Shareholders Approve Incumbent Board Members

GCO shareholders re-elected the full 9-director slate at its July 21 annual meeting, approving Gregory Sandfort; Mimi Vaughn; Joanna Barsh; Matt Bilunas; Carolyn Bojanowski; John Lambros; Thurgood Marshall, Jr.; Angel Martinez, and Mary Meixelsperger.

Garmin Adds Two Digital Coaching Platforms

GRMN inked an agreement to acquire TrainingPeaks and TrainHeroic from Peaksware Holdings, expanding its footprint in the customizable coaching experience and performance-focused fitness space.

Twelve Indicted in Nike Cargo Theft Ring

Twelve defendants including the owner of Los Angeles sneaker store Coolkicks were charged with conspiracy to transport stolen property and other offenses after federal agents broke up a group stealing from Nike’s logistics center in Memphis.

Woodway Wins Appeal after PTAB Loss

The maker of unpowered treadmills won an appeal to the Federal Circuit in its ongoing battle with the Assault AirRunner maker, just days after the same court upheld the PTAB’s ruling that a key patent was invalid.

Etcetera: Digital Brands Group, Whoop, Sqairz

07/21/2026


New Trump Tariffs Target Canada and China

The Trump administration is rolling out the next wave of tariffs as Feb.’s temporary 10% global levy under Section 122 sunsets Friday, announcing new levies on Brazil and Canada. 

Fenix Outdoor Stumbles in Q2

Revenue from the wholesale branded segment, home to Fjällräven, Royal Robbins, and other brands, was down 6% to €38.0 million ($44.2 mm) in the second quarter, due to lower sales in Germany and deliveries pulled forward in early spring and summer to mitigate tariff impacts.

JD Sports Chairman Steps Down

In line with an earlier announcement in April, Andrew Higginson resigned as JD’s board chair on July 21 at the retailer’s 2026 annual meeting, and has been replaced on an interim basis by director Darren Shapland.

Fit Active Sports Sues Amazon Seller over Dupes

The fitness accessories maker filed suit in OH district court, accusing Sialko Group of infringing on its stylized “Fa” logo, word mark, and trade dress, with its Glaring Way weight gloves.

CPSC Recall: Hollis Diving Regulators

Huish Outdoors is recalling about 7,570 Hollis 200LX second-stage diving regulators because the inlet tube can crack or break.

Etcetera: Salomon, Nike, Adidas, Vans, Sierra

 
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