With less of an impact from foreign exchange this year, the bottom line recovered to a profit of ¥15,136 million ($95.0 mm) in Q2 from a loss of ¥5,825 million last year, as a big jump in fishing tackle pushed revenues up 4% to ¥129,415 million ($812.1 mm) from ¥123,870 million.

An approximate $15.0 million reduction in cost of goods sold from recognition of expected IEEPA net tariff refunds in the second quarter pushed net income up nearly fourfold to $13,881,000 from $3,608,000 on 12% higher sales of $118,368,000 against $105,647,000.

The industrial yarn and footwear component supplier said that revenue improved 19% (+1% organic CC sales) to $837 million in the first half ended Jun. 30, against $705 million last year.

The softgoods supply chain picture became increasingly cloudy after the Trump administration's Section 301 tariffs, for failing to prevent forced labor, combined with a proposed Tariff-Rate Quota "textile mechanism" to favor Bangladesh, Cambodia, Indonesia and Malaysia.

The Eager Beavertons intend to close two distribution facilities that employ around 1,900 people in Shelby County, TN, over the next two years, according to multiple reports in local media.

The Canadian outdoor retailer has filed for creditor protection for the second time in six years, owing more than C$17 million, according to the documents obtained through the Office of the Superintendent of Bankruptcy Canada.

The UK retail conglomerate’s buying spree continues with the acquisition of the IP of Scottish-based Greaves Sports, following its deals for Maxi Sports, XXL, and several fashion outlets and shopping centers over the last 18 months.

GCO tapped longtime consumer and omnichannel veteran Tomas Petersson as president of Schuh, succeeding Colin Temple, who is retiring after 38 years with the retailer, including 15 years as president.

Using the pretext of failing to prevent forced labor, the Trump administration imposed 10% to 12.5% Section 301 tariffs on 59 countries and the European Union, neatly replacing the expiring temporary 10% tariff imposed under Section 122 in Feb.

The footwear manufacturer and parent of Chinese retailer Pou Sheng said that net income attributable to shareholders would be down around 55% to 60% to roughly $60 million in the first half from $171.2 million, as weak demand and a tough operating environment hit the bottom line.

Great Outdoors Group’s outlook was revised to stable from negative, and Moody’s affirmed its Ba3 corporate family rating and other debt level ratings, citing improving operating performance.

The ratings agency said that GOLF’s growing customer base, engagement, and popularity support a healthy EBITDA margin, with golf consumables helping offset slowing golf club sales.

National Park recreational visits declined 7% year-over-year to 35,508,942 from 38,173,576 in the seasonally important month, and year-to-date visits were off 4% to 144,513,839 against 149,750,899.