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Daily News Feed 10/02/2026 Tariff Refunds Power Huge Q2 Profit Gains
Aggregate sales and net income continued their positive trends from the first quarter, with Q2 revenue at public sporting goods companies growing 10% to $54,943.3 million from $50,130.6 million and the bottom line jumping 154% to $3,943.3 million from $1,552.3 million as IEEPA tariff refunds poured in. Frasers Group Takes Stake in Under Armour
The U.K. retailer has accumulated 16,576,500 Class A shares of UA’s beaten-down stock, representing an 8.78% stake of the 188,839,506 shares outstanding, according to a Schedule 13G filing.
10/01/2026 Nike’s New CFO Arrives with Cost Saving Plan
The Eager Beavertons’ new “Pace” plan aims to realize about $2.5 billion in total savings through fiscal 2031, largely through layoffs, global supply chain updates, an expanded campus in Bengaluru, India, and rolling Greater China into Asia-Pacific. Skechers’ John Vandemore Lands at Levi’s
Levi Strauss appointed the longtime Skechers executive as its EVP and chief financial officer, effective Nov. 1, lauding his experience with building a global financial organization over the past nine years. Kent Outdoors Sold to PRADCO Outdoor Brands
PRADCO, which is a subsidiary of EBSCO Industries, is adding the Seawall Capital-owned parent of a dozen watersports and marine safety brands to its portfolio. Revolve Buys Minority Stake in 437 Brand
The fashion e-tailer has acquired a minority stake in 437, the Toronto-based women’s activewear brand, for C$15 million ($10.9 mm), expanding its footprint in the performance apparel space. Sporting Goods Sales Improve in August
August sporting goods, hobby, music, and bookstore adjusted sales grew steadily once again, improving 10.7% year over year to $9,061 million from $8,182 million, the Commerce Dept. reported. Scheels Sued for Age Discrimination
The Equal Employment Opportunity Commission hit the employee-owned retail chain with an age discrimination suit in NV district court alleging it forced a class of employees to sell their company shares when they turned 40 years old. CPSC Recalls: Hand Warmers, Camping Showers
Gobi Heat is recalling about 5,547 rechargeable hand warmers because their lithium-ion battery and electrical components can overheat and ignite. Etcetera: Mount to Coast, St. Croix, Nike, Adidas, FP Movement
09/30/2026 Fox Factory Reveals Marucci Losses
FOXF detailed Marucci numbers in an SEC filing after last week’s announcement that the brand was sold to a management-led investor group, exposing operating losses that expanded from $5.8 million in FY ‘25 to $12.7 million in the first half of ‘26.
Equip Outdoor Technologies, the UK-based parent of Rab, inked an agreement to sell the Lowe Alpine brand’s IP to ATG Brands & Data Limited, giving the new owner exclusive rights to the Lowe trademark, logo and associated brand assets.
The active lifestyle brand owner, which counts Gibbon, ElliptiGo, and INDO Board in its portfolio, named 20-year industry veteran Jordan Judd as CEO, succeeding co-founder Bryan Pate, who will transition to executive chairman. Fanatics Sees Two Lawsuits Dismissed
The licensed products giant scored two legal victories in one day, as NY federal court judges tossed proposed class action lawsuits over trading cards and Fanatics’ exclusive NFL license and distribution rights. California Approves Football Helmet Add-ons
Assembly Bill 708 guarantees youth tackle football players the right to use soft-shell helmet add-ons that fit outside a conventional hard-shell football helmet.
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