EXEC: Citi Downgrades Nike Shares, Cuts Price Target After Hill Meeting
EXEC: Liberated Brands Store Closings Commence in U.S. Markets
EXEC: Mizuno Corp. Sees Modest Q3 Revenue Growth In Americas Region
EXEC: Thule Group Swings to Q4 Loss as Organic Sales Come in Flat
EXEC: Canada Goose Sees China Weakness Offset North America DTC Strength
SGB Update

AMX Global Recalls Portable Folding Stadium Seats
The portable seat was sold under the BJ’s Wholesale or Black Sierra brand. Five reports were received of the security hook breaking, including two reports of falls and one injury involving bruising, headaches and a pinched nerve.

Barre3 Acquires Studio Barre to Expand Female-Owned Business
Studio Barre, the San Diego,CA-based barre brand founded in 2008 by Shannon Higgins, has 11 studios across California, Montana, Rhode Island, and South Carolina will be rebranded as Barre3.

Recall: TravisMathew Women’s and Men’s Sweatshirts and Hoodies
The recall, No. 25-118, is in cooperation with the Consumer Products Safety Commission (CPSC) and involves roughly 59,450 women’s half-zip sweatshirts and women’s and men’s full-zip and no-zip hoodies in various colors and styles for violation to meet federal flammability standards, posing a burn hazard to consumers.

Merrell Names Richard McLeod as Chief Marketing Officer
McLeod was, most recently VP and CMO at Champion. Prior to Champion, McLeod was SVP of Brand at Canada Goose.

Bass Pro Shops to Open Outpost in Arkansas
The Fort Smith, AK, store is expected to open in early 2026. The 70,000-square-foot location will be the retailer’s third in the state.
SGB Executive

EXEC: Titleist and Footjoy Parent Moving to S&P SmallCap 600 Index
Acushnet Holdings Corp. (NYSE: GOLF), parent of the Titleist and Footjoy golf brands, will replace Retail Opportunity Investments Corp. in the S&P SmallCap 600.

EXEC: Asian FW Factories See Weaker January Trends; Pou Sheng Retail Jumps
Feng Tay Enterprises, one of the longest-tenured manufacturers of Nike footwear, reported manufacturing revenues declined 6.2 percent in January and Yue Yuen’s factory business grew an anemic 1.1 percent increase in December.

EXEC: Citi Downgrades Nike Shares, Cuts Price Target After Hill Meeting
Nike management indicated that Air Jordan and Air Force One will “still be large franchises” even after inventories are managed lower, but Dunks will “not be a relevant part” of the mix over time.

EXEC: Liberated Brands Store Closings Commence in U.S. Markets
Gordon Brothers has begun closing sales at all 122 Volcom, Billabong, Quiksilver, Roxy, Honolua Surf, RVCA, Beachworks, Becker Surfboards, ZJ Boarding House, Spyder and Boardriders store locations under Liberated Brands’ retail fleet in the U.S.

EXEC: Nordic SG Retailer XXL Sees Q4 Sales Decline
Norway-based sporting goods retailer XXL ASA said it delivered total operating revenue of NOK 7.2 billion in 2024 in a Nordic sporting goods market that persisted to be challenging. Fourth quarter sales declined 1.8 percent year-over-year.