The loss attributable to shareholders was $22,734,000 in the fourth quarter, compared with last year’s net income of $4,930,000, as net sales grew 9% to $695,062,000 from $639,226,000, with most of the gains coming from acquisitions.

The Chinese athletic brand’s net income slipped 3% to RMB 2,935,743,000 ($408.3 mm) last year from RMB 3,012,918,000, as revenues inched up by nearly the same percentage to RMB 29,598,417,000 ($4,116.6 mm) from RMB 28,675,643,000.

Net loss attributable to shareholders expanded 64% to $60,635,000 from a loss of $36,979,000 in the fourth quarter as sales tumbled 34% to $94,034,000 from $143,537,000 as it continues to work on aligning promotions across channels.

The bottom line at the Chinese footwear maker was down 19% last year to $137,029,000 from $170,134,000, on 2% higher revenues of $1,570,237,000, up from $1,545,114,000, driven by sneaker sales.

Net income attributable to shareholders at the Italian fitness equipment specialist increased by 32% last year to €115,125,000 ($129.4 mm) from €87,041,000 as revenues gained 13% to €1,019,285,000 ($1,145.3 mm) over €901,288,000.

Middle-income consumers pulled back on sporting goods purchases in the final quarter of the retail calendar ended Jan. 31, more than offsetting strong spending from the upper-income cohort, according to Consumer Edge’s Sporting Goods Outlook 2026 report.

Retail sales are forecast to increase by 4.4% in 2026 to $5.6 trillion, according to the National Retail Federation and Oxford Economics, despite uncertainty over macroeconomic conditions.

The Berkshire Hathaway-owned brand bolstered its management team with the appointment of Mike Billish to the newly created role of SVP and general manager of the Americas, while Melanie Allen is taking on the expanded responsibility of chief marketing officer, and Carson Caprara was elevated to chief product officer.

The pickleball brand’s footwear effort, which started over a year ago with the hiring of 28-year Nike veteran Gjermund Haugbro as senior director of engineering, is now ready to bear fruit with the release of its R4LLy pickleball shoe next week.

The ratings agency revised GSM Outdoors’ outlook to stable from negative, while affirming its B issuer credit rating and B rating on its $775 million term loan.

Amazon is recalling about 2,840 Amazon Basics camping folding pocket knives because the folding mechanism can fail to remain properly secured in the closed position.