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Daily News Feed


07/10/2025


Osprey Packs Outperforms in HELE’s Down Quarter

Revenues at Helen of Troy’s Home & Outdoor segment, which includes Hydro Flask and Osprey, declined 10% to $178.0 million in the fiscal first quarter ended May 31, with about 7% of the drop attributed to tariff impacts.

Pentland Inks Ellesse License for U.S.

The classic tennis lifestyle brand is returning to the U.S. through an exclusive long-term licensing partnership with Dallas, TX-based The Iconic Brand Corporation, which will launch its first collection in Spring 2026.

Nike Taps New Converse Chief

The Eager Beavertons elevated Aaron Cain, who is currently global VP and GM of their men’s business, to take over the struggling Converse brand, Bloomberg reported.

Beyond Yoga Grows Sales Double Digits

Sales at Levi Strauss’ yoga brand increased 12% in the fiscal second quarter ended June 1 to $36.8 million from $32.9 million, but the operating loss expanded to $4.4 million, up from a loss of $2.9 million prior.

Yue Yuen’s Manufacturing Sees Improvement, but Retail Slumps

Yue Yuen’s footwear manufacturing revenue increased 9% in June to an implied $492,884,000 from $453,421,000 last year, while total revenues at the Chinese footwear maker and retailer ticked up 2% to $657,399,000 for the month.

Canada Goose Investor Mulls Exit

Bain Capital, which controls the Canadian brand through its multiple voting shares, is considering selling its holdings, Bloomberg first reported, citing sources close to the matter.

Blacktusk Outdoors Acquires Fishing Lure Brand

Blacktusk Outdoors, which counts Lunkerhunt and Walleye County in its portfolio, has inked an agreement to acquire Lucky Strike Bait Works for undisclosed terms.

Deckers Sues Two over Ugg Knockoffs

DECK filed suit in the CA district court against Project Cloud, KC Exotic Rental, and 1-10 John Does for infringing on its Classic Ultra Mini, Tasman, Tazz, and Neumel trade dress and patent numbers D927,161 and D790,186.

CPSC Recall: E-Bikes, Water Bottles

Giant Manufacturing is recalling about 6,200 Momentum Vida E+ e-bikes because the fork steerer tube can crack, break or separate during use.

Etcetera: Imperial, TaylorMade

07/09/2025


Soaring Onitsuka Tiger Takes Asics Upmarket

Growing heat at the Onitsuka Tiger brand gave it the spotlight at Asics’ 2025 Investment Day, as a retooling of branding, go-to-market strategy and management structure has been fueling consistent double-digit gains.

More Tariff Letters Go Out, but Delay Gives Importers Time

The Trump Administration sent letters to over a dozen key sourcing countries this week, unilaterally imposing so-called “reciprocal” tariffs after failing to reach agreements with trading partners.

Retail Imports Expected to Plunge this Fall

After several months of gains from importers rushing to beat new tariffs, cargo imports at major container ports dropped 6% in May to 1.95 million Twenty-Foot Equivalent Units, according to the NRF and Hackett Associates’ Global Port Tracker report.

Dick’s, Foot Locker Special Meeting Set

A special meeting of Big Foot shareholders is scheduled for Aug. 22 to approve DKS’ acquisition of the retailer for $24 per share, or about $2.4 billion.

Solo Brands Board Approves Reverse Stock Split

The Solo Stove and Chubbies parent implemented a 1-for-40 reverse stock split of its Class A and Class B common shares, effective July 8, as it aims to address operational and governance challenges.

Etcetera: REI, Outdoor Research, Allbirds, Fanatics, Inception Outdoors, Epic Baits

07/08/2025


Budget Bill Saves Public Lands, Cuts NFA Excise Tax, and Skips PHIT

The passage of the Big Beautiful Bill presented a mixed bag for industry initiatives, easing concerns on public land sales while failing to institute the long-championed PHIT Act and setting a new course on certain firearms restrictions.

Le Coq Sportif Acquired Out of Bankruptcy

The 143-year-old French sportswear company was awarded to a consortium led by Franco-Swiss businessman Dan Mamane, which has committed to invest €70 million in Le Coq.

Kingmaker Swings to Loss as Costs Rise

The Chinese footwear manufacturer for Wolverine Worldwide and other brands posted a loss attributable to shareholders of HK$33,890,000 ($4.4 mm) in the fiscal year ended Mar. 31 against a HK$20,221,000 profit, as revenues slipped 9% to HK$625,876,000 ($81.3 mm) from HK$689,269,000.

Moody’s Upgrades Varsity Brands

The ratings agency upgraded the BSN Sports and Varsity Spirit parent’s corporate family rating and senior secured first lien term loan to B2 from B3, with a stable outlook.

Caleres Amends and Extends Credit Agreement

CAL has amended its credit agreement, extending its senior secured asset-based revolving credit facility through June 2030.

Archery Makers Face More MAP Suits

Two separate proposed class actions were filed in MN district court, accusing the Archery Trade Association and several archery equipment manufacturers, distributors, and retailers—including Dick’s SG and Bass Pro—of price fixing.

Etcetera: Wolverine, Rack Room Shoes, Snyder Golf, Mountain High Outfitters, L.L. Bean, NSSF

 
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