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Sporting Goods Industry News for June 24, 2026

Amazon’s June Prime Days Pulls in SG Brands

Amazon’s early Prime Day this year should see a 9% lift to $26.3 billion in sales across the four-day discount period, according to Adobe Digital Insights, as the move from July prompted other retailers and brands’ DTC operations to pull summer promotions forward.

China Dongxiang Posts Big Loss on Impairment

The Kappa and Phenix brand owner’s bottom line swung to an RMB 158,040,000 ($22.0 mm) loss from a profit of RMB 207,000,000 for the fiscal year ended Mar. 31, on 2% higher revenues of RMB 1,715,326,000 ($238.6 mm) from RMB 1,680,135,000.

Golden Goose Acquisition Closes

Chinese investment fund HongShan Capital (HSG) closed its €2.5 billion acquisition of the luxury sneaker brand, first announced in Dec., with Temasek, another investment firm, as a minority shareholder.

CoverFour Acquires Baseball Equipment Maker

Baton Rouge-based CoverFour has inked an agreement to acquire Chandler Bats, its first step in a broader strategy to acquire, grow, and scale athlete-focused sports brands.

KMD Brands Plans 1-for-25 Reverse Split

The Rip Curl, Kathmandu, and Oboz parent will implement a 1-for-25 share reverse stock split of its ordinary shares, effective July 1, across both the NZX and ASX exchanges.

Bogg Sues over Knockoffs

Bogg Bag, formerly Twenty-Six Designs, filed suit in PA district court, accusing Great Wolf Lodge of infringing on the plaintiff’s trade dress and parallel Zig Zag Lines mark with its line of bags.

Etcetera: S&S, Lowa, JD Sports, Xebio, YHM, Play It Again Sports, StockX, Arcis Golf
 
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