Under Armour Splits with Stephen Curry; Raises FY Adjusted Operating Income Outlook
EXEC: Berghaus Parent Outlines British Outdoor Brand’s Expansion to North America
EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
StockX Q3 Report Calls Out Running Silhouettes as Top Performers on Resale Site
EXEC: Goldwin’s Q2 Boosted by The North Face Recovery
SGB Update
Foot Locker No Longer Moving HQ to Florida
Foot Locker will no longer move its headquarters to St. Petersburg, Florida after it was acquired by Dick’s Sporting Goods in September.
Nike Reopens Downtown Portland Store with Run Focus
Nike, Inc. reopened its downtown Portland store in the historic Kress Building, following a refurbishment. The revamped layout focuses on running, with flooring that resembles track lanes.
ICSC Sees Uptick in Thanksgiving Weekend Spending
ICSC’s 2025 Thanksgiving Weekend Intentions Survey found that consumers expect to spend an average of $542 over the five-day period, November 27-31, up 2.5 percent from $529 last year. Millennials are expected to outspend all other generations, with an average spend of $764 per person.
Nike Ends Perk Giving Employees One Week Off For Wellness
Nike, Inc. has ended a program that gave employees an extra week off each year to promote mental health and wellness. Nike’s annual “Wellness Week,” which began in 2021, has been held each August.
Armasight Expands U.S. Manufacturing Capabilities
Armasight, the maker of thermal and night vision scopes, optics and goggles, announced that it has expanded its facility footprint in Tempe, AZ by more than 10,000 square feet and increased its in-house machining and testing capabilities, “resulting in a 25 percent boost in production throughput.”
SGB Executive
EXEC: Nike Strength’s Nordic Distributor WeSports Posts High-Teens Q3 Growth
The Malmö, Sweden-based manufacturer of sports equipment and parent of specialty retailers, HockeySports, RunningXpert and other retailers supporting active sports lifestyle consumers, reported organic growth of 18.5 percent compared to Q3 2024. Currency effects reportedly had a negative 1.1 percent impact on the results.
EXEC: Analysts Generally Positive on Under Armour’s Split from Steph Curry
While some analysts view Under Armour as facing reputational risk from its decision to end its partnership with four-time NBA champion Steph Curry, most believe the move will favorably reduce its exposure to the flagging footwear category and help the brand refocus on its core apparel business.
EXEC: SFIA Study Finds Pickleball Attracting Rabid Player Base
The SFIA released the findings from a special study, which found that pickleball engagement remains strong among avid players, with over 90 percent playing at least twice a week, 48 percent wanting to increase their play frequency and 57 percent planning to participate in more organized pickleball over the next 12 months.
EXEC: Patagonia Publishes Fiscal 2025 Sales Figures, Spot Checks Business Against Key Goals
According to Patagonia’s first Impact Report, “Work in Progress Report 2025”, Patagonia had sales of $1.47 billion in its fiscal year ended April 1, 2025, with 61 percent of sales sold in the U.S. versus 39 percent internationally.
BMC Switzerland Promotes Sales Chief John Glett to CEO, Effective January 1
Glett will reportedly lead the next phase of development for the Swiss premium cycling brand, continuing the strategic initiatives set by outgoing CEO David Zurcher, who will continue supporting BMC as a member of the Board.
