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Daily News Feed 06/12/2026 Industry Profits Grow Double Digits in First Quarter
After taking a significant profit hit from impairments in Q4, aggregate sales and net income at public sporting goods companies accelerated in Q1, with revenue up 12% to $54,510.2 million from $48,868.5 million and net income up 13% to $2,921.6 million from $2,588.0 million. Activist Investor Calls Out Topo in Taking 16% Designer Brands Stake
Stone House Capital Management has accumulated 7,000,000 DBI shares and holds call options for 1,500,000 more, according to a recent 13D filing. Cannondale Parent Shifting Production out of the Netherlands
Dutch conglomerate Pon Holdings’ Cannondale production is moving from the Netherlands to its facilities in Germany and Lithuania, according to multiple reports. Etcetera: Perfect Moment, Evolution Outdoor, Purist Collective, Liberty Ammunition
06/11/2026 Rebel Sport Parent Guides for Growth at all Banners
Multi-banner Australian operator Super Retail Group is aiming for a mid- to high-single-digit CAGR in profit before tax, driven by new store expansion generating returns above the cost of capital, in a new five-year plan rolled out at its Investor Day. Eagle Nice Profits Dip on Tariff, ForEx Pressures
Net income attributable to shareholders slipped 20% to HK$ 173,555,000 ($22.3 mm) from HK$ 217,201,000 for the year ended Mar. 31, despite 4% higher revenue of HK$ 5,020,029,000 ($643.6 mm) up from HK$ 4,807,899,000. First Graphene Limited Acquires MITO
First Graphene inked an agreement to acquire MITO Material Solutions’ portfolio, manufacturing equipment, and IP, accelerating the graphene supplier’s entry into the U.S. defense and advanced materials space. Shoe Carnival Rebrands to Shoe Station
SCVL has slowed the pace of conversions from its legacy Shoe Carnival banner to Shoe Station, but is still pushing ahead with the corporate name change to Shoe Station Group, effective June 12. Compass Diversified CEO is Stepping Down
The parent of 5.11, BOA Technology, Primaloft, and Velocity Outdoor named Zach Sawtelle as chief operating officer and heir apparent to CEO Elias Sabo, who will retire at the end of the year. Lawmakers Introduce Great American Outdoors Act
The House Natural Resources Committee introduced the bipartisan Great American Outdoors Act, seeking to reauthorize the landmark 2020 bill, which would invest $1.9 billion in America’s national parks and public lands over the next five years. Tee Claw Sport Sues over Knockoffs
Tee Claw Sport filed suit in KY district court, accusing Ice Tees and its owner, Dalton Rauer, of infringing on two patents related to its golf teeing training aids. Etcetera: L.L.Bean, Fujikura, Oura, Puma, Athletifreak
06/10/2026 Asics Plans to Separate Onitsuka Tiger
Asics’ sub-brand is heading for a spinoff to facilitate faster decision-making for the sport-turned-luxury lifestyle brand, which will include a return to U.S. DTC operations in Feb. Tariff Refunds in Question as Justice Department and CIT Spar
The honeymoon phase of IEEPA tariff refunds has drawn to a close as the Justice Department made good on last week’s hints of an appeal of the U.S. Court of International Trade’s order for universal refunds. Yue Yuen Manufacturing, Retail Slump in May
Yue Yuen’s footwear manufacturing revenue ticked down 4% in May to an implied $483,601,000 from $502,937,000 last year, while total revenues at the Chinese company narrowed 2% to $693,883,000 from $711,425,000 for the month. Adidas Extends Real Madrid Deal Until 2034
The Big a extended its kit partnership with Real Madrid for eight years in a record-breaking deal believed to be worth €1 billion ($1,177 mm), or €120 million per year. Columbia Sportswear Sued over Tariff Refunds
COLM, Columbia Brands, and prAna were hit with a proposed class action in OR district court, brought by Evette Tan, accusing them of charging elevated prices on products that incorporated IEEPA tariffs. Etcetera: SRAM, Erik’s Bike Board & Ski, Adidas, United Wheels, Franklin Sports
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