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Daily News Feed 06/01/2026 Feng Tay Profits Tumble in Q1
A slimmer gross margin hit the sneaker and sporting goods maker’s bottom line in the first quarter, with net income attributable to shareholders down 41% to TWD 674.0 million ($21.3 mm) from TWD 1,148.8 million, as sales slipped 7% to TWD 19,234.9 million ($606.8 mm) from TWD 20,722.8 million. Tariff Refunds Face Court Challenge
The relatively wrinkle-free period of the IEEPA tariff refund process may be coming to an end as the Justice Department indicated in a Friday court filing that it plans to appeal the U.S. Court of International Trade ruling that all companies that have levied tariffs are entitled to refunds, rather than just those who filed lawsuits. ABC-Mart Acquires South Korean Shoe Retailer
ABC Mart has acquired all of Folder’s assets, including trademark and store operating rights, from E-Land World, expanding the multi-banner Japanese apparel and footwear retailer’s footprint in the South Korean market. SanMar is Buying Fashion Blanks Supplier Bella+Canvas
SanMar has inked an agreement to acquire the fashion apparel maker, which will remain an independent brand offered through authorized wholesale distributors. Oboz Footwear Girds for Growth with New Hires
The KMD Brands-owned rugged footwear brand added industry veterans Colin True and David Karstad to its senior leadership team.
CALY said it had completed paying off the remaining $163 million that was outstanding under its term loan B facility, using cash on hand. REI San Diego Votes to Unionize
Staff at the outdoor co-op’s San Diego, CA, store voted to join the United Food and Commercial Workers Union on May 29, making it the twelfth REI store to unionize and the largest in the country. Etcetera: Dunham’s, Fleet Feet, Outdoor Holding
05/29/2026 Genesco Accelerates Store Closings, Remodels
Net loss in the seasonally small first quarter narrowed to $14,814,000 from a loss of $21,227,000, as Journeys’ growing top line boosted revenue 3% to $487,025,000 from $473,973,000. Etcetera: Bass Pro Shops, Haglofs, Wilson
05/28/2026 Kohl’s Sees Sneakers Recovering for Back-to-School
Activewear brands FLX and Tek Gear received a call-out for helping drive a +6% private-label comp in Q1, as four of six categories comped flat or slightly positive amid the company’s turnaround efforts. Golden Goose Sales Growth Pulled Down by Wholesale
Revenue was up 10% at the luxury sneaker brand to €173.2 million for Q1, led by a 19% boost to direct-to-consumer sales on double-digit comp gains and new store contributions, along with strong digital results. Athleta Freefall Continues into Q1
Sales at the Gap, Inc.-owned women’s active brand fell 12% in the first quarter to $270 million from $308 million, lapping a 6% drop in Q1 ‘25 and following an 11% decline in the prior quarter. Eagle Nice Profits Hurt by U.S. Tariffs
The sports apparel maker warned that its net income attributable to shareholders will decline around 30% to about HKD 152.5 million ($19.5 mm) for the year ended Mar. 31, down from HKD 217.2 million. Outdoor Gear Technology Center Launched in Canada
The Rehub Circular Technology Center is a new outdoor gear repair and advanced manufacturing facility opened at College of the Rockies’ Gold Creek Campus in Cranbrook, BC. National Park Visits Slip Again in April
National Park recreational visits dropped 4% year-over-year last month to 25,910,844 from 26,920,131, but year-to-date visits are just positive at 79,629,454 against 79,193,538. Patagonia’s Suit with Pattie Gonia Drags On
The outdoor brand said in a press release that it could not reach a settlement with social media personality and drag queen, Wyn Wiley, whom it accused of infringing on its multi-colored P6 logo and marks with their Pattie Gonia brand.
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