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Sporting Goods Industry News for August 27, 2026
The Australian skate and extreme sports company reported a 12% gain in net income to A$11,002,000 ($7.4 mm) over A$9,797,000 in the fiscal year ended June 30, as revenues came in flat at A$206,351,000 ($138.5 mm) compared to A$206,295,000.
Net income attributable to shareholders improved 10% to HK$65,930,000 ($8.4 mm) from HK$59,918,000 in the first half as revenue increased 9% to HK$925,859,000 ($118.2 mm) from HK$845,629,000.
Gap, Inc.’s women’s activewear brand continues to seek its footing after another disappointing quarter in which sales fell 12% to $264 million and comps declined by the same percentage.
After eliminating the role last Dec. with Craig Williams’ departure, the Eager Beavertons have named Jane Ewing EVP and chief commercial officer, effective Sep. 7.
The Wrangler and Lee parent tapped C.J. King as general manager, Helly Hansen North America, Sport, effective Aug. 31.
The world’s largest bike maker inked an agreement to acquire United King’s shares of its alloy subsidiary, D-Mag New Material Technology, for a total purchase price not exceeding RMB 597 million ($87.7 mm), increasing its share in the company to 96.63%.
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