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Sporting Goods Industry News for July 09, 2026

ABC-Mart Posts Strong Q1 Growth

Net income at the multi-banner Japanese apparel and footwear retailer grew 10% to ¥14,296 million ($88.6 mm) from ¥12,953 million for the first quarter ended May 31, as sales totaled ¥105,483 million ($654.0 mm), up 8% from ¥97,698 million.

GoPro Founder Lends It $20 Million

The embattled action camera company received a $20 million lifeline from its founder and CEO, Nick Woodman, who is providing the funds through the issuance of senior secured notes and warrants to purchase the company’s Class B common stock, issued via affiliated entities.

L.L. Bean Adds Sporting Goods and Fashion Execs to Board

The Maine-based retailer’s shareholders confirmed the appointments of Tracksmith CEO Jared Carver and former Glossier CEO Kyle Leahy as independent directors, bringing experience in brand marketing, merchandising, retail transformation, and growth.

MidwayUSA Names New President

The firearms dealer and e-tailer promoted longtime employee Jeff Larkin to president, where he’ll oversee all company operations and focus on innovation and process streamlining.

After Appeals Court Setback, Under Armour Gets a Break

Under Dog had to repay about $90 million advanced by insurers toward its shareholder securities class action settlement, but it will not have to pay $2.5 million in prejudgment interest to eight excess insurers.

BSN Sports Sues Former Employees over Trade Secrets

The Varsity Brands-owned team dealer is suing three former sales employees in FL district court and has filed a similar action against their new employer, Baker’s Sport, in TX district court, alleging the defendants breached their non-compete agreements.

CPSC Recall: Biometric Gun Safes

Importer Jomani International is recalling about 9,100 BBRKIN gun safes because unauthorized users can open the biometric lock.

Etcetera: Onitsuka Tiger, S&S, Carbitex, Millennium Outdoors, Vuori
 
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