|
Daily News Feed 03/23/2026 Samsonite Pack Brands Boost FY Results
SMSEY’s non-travel category, which includes packs and casual bags from its Gregory Pack and High Sierra brands, increased 8% to $362.0 million from $334.6 million in the fourth quarter. Solo Brands Sees Lower Sales but Higher Profits in FY 26
The parent company of Solo Stove, Chubbies, Isle, and Oru Kayak issued full-year guidance forecasting revenue of $280 to $310 million, a slight decline from last year’s $316.8 million, but profits should come in higher with an adjusted EBITDA of $24 to $30 million. Report: QIA Exploring Stake in Golden Goose
Qatar Investment Authority, the Arab country’s sovereign wealth fund, is eying a 10% equity stake in Golden Goose, Corriere della Sera first reported. Deichmann Appoints New Snipes Europe Chief
Samuel Deichmann, a fourth-generation member of the Deichmann Group’s owning family, has taken direct control of its sneaker and streetwear subsidiary, Snipes Europe, as its general manager. Sun Day Red Triumphs over Puma in Singapore
Tiger Woods’ brand sees a Singapore trademark tribunal rule that its tiger logo does not infringe on Puma’s leaping cat, noting that it reads clearly as a tiger with thick, segmented lines representing stripes, and is moving horizontally rather than leaping. Etcetera: New Balance, Crocs, Dead Air Silencers
03/20/2026 Footasylum Names New CEO
The U.K. sneaker and streetwear retailer tapped Hannah Mercer as CEO, effective May, a month after the surprise exit of David Pujolar following two years of efforts to stabilize its business. National Park Visits Inch Lower in February
National Park recreational visits slipped 2% year-over-year to 14,259,458 in the seasonally small month from 14,579,337, and year-to-date visits are now just negative at 27,950,065 from 28,124,187. Under Armour Sues Counterfeit Seller
Under Dog filed suit in TX district court, accusing eBay seller Infinity RL 2000 of infringing on its logo and marks. Etcetera: Under Armour, Johnnie-O, Centerline Athletics
03/19/2026 Caleres Guides for Return to Profits this Year
The loss attributable to shareholders was $22,734,000 in the fourth quarter, compared with last year’s net income of $4,930,000, as net sales grew 9% to $695,062,000 from $639,226,000, with most of the gains coming from acquisitions. Li Ning Sales Improve in 2025, but Profits Dip
The Chinese athletic brand’s net income slipped 3% to RMB 2,935,743,000 ($408.3 mm) last year from RMB 3,012,918,000, as revenues inched up by nearly the same percentage to RMB 29,598,417,000 ($4,116.6 mm) from RMB 28,675,643,000. Solo Brands Loss Grows on Expanded Restructuring Charges
Net loss attributable to shareholders expanded 64% to $60,635,000 from a loss of $36,979,000 in the fourth quarter as sales tumbled 34% to $94,034,000 from $143,537,000 as it continues to work on aligning promotions across channels. Stella Int’l Powered by Sports Segment
The bottom line at the Chinese footwear maker was down 19% last year to $137,029,000 from $170,134,000, on 2% higher revenues of $1,570,237,000, up from $1,545,114,000, driven by sneaker sales. Technogym Americas Sales Improve to End Year
Net income attributable to shareholders at the Italian fitness equipment specialist increased by 32% last year to €115,125,000 ($129.4 mm) from €87,041,000 as revenues gained 13% to €1,019,285,000 ($1,145.3 mm) over €901,288,000. Report: U.S. Sporting Goods Sales Dropped 9% in Q4
Middle-income consumers pulled back on sporting goods purchases in the final quarter of the retail calendar ended Jan. 31, more than offsetting strong spending from the upper-income cohort, according to Consumer Edge’s Sporting Goods Outlook 2026 report. NRF Forecasts 4.4% Retail Sales Growth
Retail sales are forecast to increase by 4.4% in 2026 to $5.6 trillion, according to the National Retail Federation and Oxford Economics, despite uncertainty over macroeconomic conditions. Brooks Shuffles Leadership Team with C-Suite Promotions
The Berkshire Hathaway-owned brand bolstered its management team with the appointment of Mike Billish to the newly created role of SVP and general manager of the Americas, while Melanie Allen is taking on the expanded responsibility of chief marketing officer, and Carson Caprara was elevated to chief product officer. Joola’s Footwear Skunkworks Readies First Pickleball Shoe
The pickleball brand’s footwear effort, which started over a year ago with the hiring of 28-year Nike veteran Gjermund Haugbro as senior director of engineering, is now ready to bear fruit with the release of its R4LLy pickleball shoe next week. GSM Outdoors' Outlook Upgraded by S&P Global
The ratings agency revised GSM Outdoors’ outlook to stable from negative, while affirming its B issuer credit rating and B rating on its $775 million term loan. CPSC Recalls: Pocket Knives, Bike Helmets, Bike Forks
Amazon is recalling about 2,840 Amazon Basics camping folding pocket knives because the folding mechanism can fail to remain properly secured in the closed position.
|
