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Latest News 04/29/2026 Adidas’ Top Line Takes €350 Million Currency Hit
The thundering euro decimated Adidas’ reported numbers in what was otherwise an outstanding first quarter, with net income attributable to shareholders growing 13% to €482 million ($567 mm) from €428 million on 7% higher revenues of €6,592 million ($7,755 mm), up from €6,153 million that would have been up 14% constant currency. Garmin Fitness, Outdoor Sales Driven by Wearables
GRMN’s fitness segment saw Q1 sales improve 42% to $546,822,000 from $384,722,000, with growth across all categories, led by strong demand for advanced wearables. Thule Sales Pressured by Weak Dollar in Q1
Net income posted a 10% improvement in the first quarter to SEK 293 million ($32.2 mm) from SEK 266 million as sales ticked down 3% (+4% CC) to SEK 2,573 million ($283.0 mm) from SEK 2,662 million.
The Indonesian retailer’s net income climbed 38% to IDR 470,572 million ($27.9 mm) in the first quarter from IDR 339,980 million, on 15% higher revenues of IDR 4,954,727 million ($293.9 mm) from IDR 4,319,434 million. Chip Wilson Lashes Out After LULU Proxy
Having kept his powder dry following the announcement of O’Neill’s appointment, Wilson brought all guns to bear after Lululemon’s proxy statement came out. S&S Activewear Parent Downgraded by S&P Global
The ratings agency lowered its issuer credit rating on S&S Holdings LLC to B- from B, with a stable outlook, citing elevated leverage following last year’s acquisition of Alphabroder and soft industry revenue trends. Pure Hockey Buys Perani’s Hockey World
The hockey specialist is acquiring Perani’s Hockey World, adding the retailer’s 22 stores across the Midwest and surrounding regions to Pure Hockey’s footprint. New Balance Targets MEAI for Growth
NB’s senior executive for the region, Stuart Henwood, said that sales in the UAE, Qatar, and Saudi Arabia grew 35% last year, in an interview with Arabian Business. Puma Being Sued by Former Sprinter
World champion sprinter Abby Steiner is suing The Big Cat, along with technical partner Mercedes F1 team, claiming that shoes supplied to her caused career-ending foot and ankle injuries.
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