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Sporting Goods Industry News for January 09, 2026
Industry imports of footwear, apparel, and equipment contracted 4% in the third quarter to $5,484.5 million from $5,707.9 million a year before, the ITC revealed after a substantial delay due to the government shutdown.
Reported sales were up 9% (+13% constant currency) to SEK 2.5 billion in the third quarter, according to preliminary results, with an organic sales decline more than offset by Quad Lock contributions in a continued challenging market.
The 114-year-old outdoor retailer promoted Elder to the top job from his current post as Bean’s chief retail officer, succeeding the retiring Stephen Smith, who will remain on board in an advisory capacity through March.
Michael Armstrong, the U.K.-based sportswear retailer’s global managing director, is stepping down to pursue new opportunities after nearly 30 years with the company.
Bucking predictions of a double-digit decline, Nov. retail imports slipped just 7% year-over-year to 2.02 million Twenty-Foot Equivalent Units, according to the NRF and Hackett Associates’ Global Port Tracker.
The exercise-tracking app and social network has confidentially filed for a public offering as early as this spring, with Goldman Sachs hired to help lead it, according to multiple reports.
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