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Sporting Goods Industry News for October 26, 2026
Net income attributable to shareholders at the Indonesian retailer grew 16% to IDR 578,160 million ($33.0 mm) in the third quarter from IDR 499,603 million last year, on 23% higher sales of IDR 6,310,696 million ($359.9 mm), up from IDR 5,150,650 million.
Retail sales of the Chinese sportswear brand declined low-single digits year over year in the third quarter, with a mid-single-digit dip in brick-and-mortar channels.
The Chinese footwear maker said that it expects nine-month net income to drop by 50% to 55% from $279 million a year ago, blaming weak demand on the top line, as well as tariffs and inflation.
GIL received about A$700 million ($490 mm) in cash from BBFIT Investments Pte Ltd, an entity of private investment firm BB Retail Capital, for Hanesbrands’ Australian operations, acquired with HBI last year.
ATG Brands & Data Limited closed its acquisition of the Lowe Alpine brand’s IP from Equip Outdoor Technologies, in a deal first announced in Sep., with the new owners gaining exclusive rights to the trademark, logo and associated brand assets.
The secondhand market continues to pick up favor with gifters and giftees, according to the online resale platform’s 2026 Holiday Resale Report.
The athleisure giant inked a settlement with the Texas Attorney General’s office following its spring investigation into the company’s chemical safety practices, AG Ken Paxton announced late last week, while LULU again denied any wrongdoing.
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