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Daily News Feed 03/31/2026 Nike Guides for Sales Declines through the End Of 2026
Net income slipped by more than a third to $520 million from $794 million in the fiscal third quarter ended Feb. 28, on revenues that inched higher to $11,279 million from $11,269 million, as growth in U.S. footwear sales offset continued weakness in China. Sportsman’s Warehouse Impairment Sinks Q4 Profits
Fourth quarter sales were down 2% to $334,857,000 from $340,398,000, but the net loss more than doubled to $21,732,000 from $8,723,000, hit by impairment charges of $17.8 million related to asset write-offs for ten underperforming store locations. Allbirds To Be Acquired by American Exchange Group
The sustainable footwear brand plans to cease operations, selling assets and IP for $39 million to American Exchange Group, joining Ecko, Ed Hardy, Born, and more than a dozen other fashion and consumer products brands in its licensing portfolio. KMD Brands Sells Discounted Shares to Raise Funds
After a several-day trading suspension and the delayed release of H1 results, the parent of Kathmandu, Rip Curl, and Oboz revealed it is selling shares at a 69% discount as part of a NZ$65.3 million ($38.0 mm) capital raise. Newton Golf Sales Surge in Final Quarter
Net loss at the high-end golf equipment maker was slashed by nearly a third to $2,395,000 from a loss of $8,340,000, as revenues more than doubled to $2,274,000 from $1,073,000 prior. Whoop Closes Series G Funding Round
The fitness tracker company raised $575 million at a $10.1 billion valuation in a series G funding round led by Collaborative Fund, bringing its total funding to over $950 million. Sturm, Ruger Rejects Beretta Overture, but Sets Meeting
RGR’s board of directors denied the Italian gunmaker’s request for an exemption to its poison pill shareholder rights plan, but confirmed that representatives from both companies will meet in person on Apr. 9. Firearms Trade Mixed to End Year
December firearms imports continued the downward trend that’s plagued 2025, according to ITC data compiled by the NSSF, with handgun imports dropping 19% to 2,675,553 units in 2025. Etcetera: Lowa, Philcos, Sierra, Craft
03/30/2026 Shenzhou Int’l Sales Soar in U.S. and Europe
Net income declined 7% at the Chinese apparel manufacturer last year, tallying RMB 5,825,262,000 ($815.5 mm) against RMB 6,240,581,000, while revenue was up 8% to RMB 30,993,732,000 ($4,339.1 mm) over RMB 28,662,938,000. MAP Active Profits Improve in Final Quarter
Net income attributable to shareholders at the Indonesian retailer more than doubled in the final quarter to IDR 558,872 million ($33.9 mm) from IDR 252,378 million, on 12% higher revenues of IDR 5,334,637 million ($323.8 mm) against IDR 4,764,545 million. Compass Diversified Sells Sterno Segment
The 5.11, Boa, Primaloft, and Velocity Outdoor parent is divesting the food service business of its subsidiary, SternoCandleLamp Holdings, to Archer Foodservice Partners for $292.5 million, with the proceeds going to pay down debt. Scott Adds Youngone Exec as Co‑CEO
Hsuan Boon Tan, who was most recently head of legal and compliance at Scott’s parent Youngone, joins Pascal Ducrot in Switzerland as co-CEO’s of the bike brand, succeeding Juwon Kim, who is returning to South Korea. Perfect Moment Secures Credit Facility and New Equity Injection
The luxury skiwear brand closed a $2 million equity sale to Krane Capital LLC at a share price of $0.33, a 75% premium over its close last Friday, and landed a $10 million revolving credit facility. Etcetera: Genesco, Shield Sights, New Balance
03/27/2026 Sporting Goods Imports Tumble, and China Drops 44%
Lapping last year’s rush to import product ahead of a second Trump presidency, industry imports declined 15% in the final quarter to $4,895.5 million from $5,733.4 million, with all categories lower and down from Q4 ‘23. Mainland Headwear Profits Soar on Manufacturing Shifts
The Hong Kong-based manufacturer’s net income attributable to shareholders more than doubled last year to HK$118,468,000 ($15.2 mm) from HK$57,074,000 on 15% higher sales of HK$ 1,701,046,000 ($218.1 mm), up from HK$1,474,488,000. Misto Holdings Bets on Direct Digital in China
While Fila, its largest brand, is managed in China through a JV with Anta, the Korean company is itself scaling several of its smaller K-fashion and streetwear brands, including Matin Kim and Marithé + François Girbaud, there. Symphony Holdings Issues Profit Warning
The diversified retailer, brand licensor, and real estate owner announced that its net loss attributable to shareholders will come in around HK$35 million ($4.5 mm) for the year ended Dec. 31, compared to a loss of around HK$143 million in 2024. Epoch Biodesign Raises Another $12 Million
The biorecycling startup focused on nylon closed a new funding round with participation from Lululemon, along with Kompas VC, Extantia, Happiness Capital, and Leitmotif. Jack Nicklaus Acquisition Closes
The brand and intellectual property under Nicklaus Companies, LLC, have been acquired out of bankruptcy by Nicklaus’ investment vehicle 20 Majors, LLC, backed by TWG Global. Etcetera: Sturm, Ruger, Oakley, Sierra, New Balance
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