Daily News Feed 07/18/2025 Retail Executive Compensation Fell 8% in 2024
The 56 highest-paid executives at public sporting goods retailers saw a 8% decline in total compensation last year, for those with comparable earnings in both 2023 and 2024, with the overall average falling to $3,389,261 from $3,797,555 in 2023. Overland Launches Strike Fishing Footwear Brand
U.K.-based Overland Shoes is expanding into the fishing and boating market with a new brand and a partnership as the official footwear of the International Game Fish Association. Canyon Bicycles Names U.S. General Manager
The Groupe Bruxelles Lambert-owned brand tapped 20-year bike industry veteran Ben Coates as U.S. general manager. Fanatics, Leagues Sued Again over Trading Card Market
Fanatics, the NBA, NFL, MLB, their respective players’ associations, and OneTeam Partners are named in a proposed class action in NY district court by an AZ man, alleging the defendants are monopolizing the player trading card market for U.S. major professional sports leagues. Etcetera: Lululemon, R.L. Winston, Nike, Amazfit
07/17/2025 International is a Bright Spot for Sports Direct Parent
Frasers Group’s net profit was down 24% to £293.0 million (378.0 mm) for the fiscal year ended Apr. 27 from £386.6 million, as revenue dropped 7% to £4,925.6 million ($6,354.0 mm) from £5,317.0 million. Stella Int’l Revenues Grow 3% in Q2
The footwear maker’s top line improved 3% to $444.0 million from $431.6 million in the second quarter, bouncing back from Q1 and ending the first half with a nearly 1% increase. Sporting Goods Sales Rise Again in June
Sporting goods/hobby/book and music store adjusted sales grew by 1.6% in June to $7,990 million from $7,862 million the year before and were up 0.2 % sequentially, according to Commerce Dept. data. Turner’s Outdoorsman Names New President
The hunting, shooting, and fishing specialty retailer elevated Rob Zubak, who joined the company 35 years ago and was most recently serving as Turner’s COO, to president. Moody’s Downgrades Next Level Apparel
The ratings agency lowered its corporate family rating for Next Level parent, YS Garments, LLC, to Caa3 from Caa2 and also dropped its debt ratings by a notch, citing its revolver coming due Feb. and its term loan in Aug. next year. JD Sports Sues over Name Challenge
The Finish Line parent is suing PA-based retailer J.D. Sport in IN district court, asking for a declaratory judgment of non-infringement, arguing that its marks do not infringe on the defendant’s mark. Adidas Sues over Three-Stripe Mark
The Big a is suing Edikted LLC in OR district court for selling items with two, three, and four stripes that it says infringe on its Three Stripe mark. CPSC Recall: Vivi E-bike Batteries
VIVI is recalling about 24,000 36-volt lithium-ion batteries used with its e-bikes because they can overheat, posing fire and burn hazards. Etcetera: Boardriders, CardVault, Reju, Kohl’s, Skechers, Puma, Zamst, Lotto
07/16/2025 Coats Is Acquiring OrthoLite for $770 Million
Aiming to create a super-tier 2 supplier of footwear components, U.K.-based Coats will acquire insole maker OrthoLite for an enterprise value of $770 million, plus a potential $10 million earn-out. GrabAGun Goes Public in Reverse Merger
Shareholders gave a thumbs up to the mobile-focused gun e-tailer’s merger with SPAC Colombier Acquisition Corp. II on Tuesday, setting up the now-GrabAGun Digital Holdings Inc. to debut on the NYSE under the symbol PEW after board member Donald Trump Jr. rang the opening bell.
The Swoosh’s issuer credit rating was lowered by S&P one notch to A+ from AA- with a stable outlook, citing sales and margin declines last year that are expected to persist into fiscal 2026. Mips’ Profits Pressured by Legal Bills
Revenues at the Swedish helmet technology company inched up 1% to SEK 135 million ($11.0 mm) from SEK 133 million, hurt by the weakened dollar against the krona, and would have been 12% higher constant currency. Xtep Growth Moderates, but Saucony Outperforms
The Chinese sneaker and apparel brand reported low-single-digit retail sell-through gains in the second quarter for the core Xtep brand, including both brick-and-mortar and e-commerce channels. Etcetera: Lululemon, Adidas, Rygr, Puma, Sierra Bullets, Baja Llama
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