ONON shares were up more than 10 percent in pre-market trading on Tuesday, August 12, after the company delivered another record quarter for net sales, combined with significant increases in EBITDA in the 2025 second quarter while suffering a net loss in the period compared to net income in the year-ago quarter.
Category: Sports/Fitness
GoPro’s Q2 Revenues Slide 18 Percent; Loss Narrows
“Our Q2 results reflect consistent operational execution and efficiency, and we’re excited to launch a broader, more diversified suite of hardware and software products in the second half of 2025, which we believe will restore revenue growth and profitability to our business starting in Q4 2025.” —Nicholas Woodman, Founder and CEO, GoPro
VF’s Former CFO Joins Ibotta
Matt Puckett, the former CFO of VF Corp., will join the Denver, CO-based Ibotta, Inc., a digital promotions platform, as CFO, effective August 25.
Scheels to Open Second Oklahoma Store; Seeking Financial Incentives for OKC Store
The retailer will officially open a 300,000+ sf store in Oklahoma City in the Spring of 2028. The city’s Economic Development Trust unanimously approved an $8 million funding agreement to support the development of the store, pending approval. Scheels opened a store in Tulsa last year.
U.S. Footwear Sales Slip in First Half Despite Gains in Sneakers and Performance
U.S. footwear industry dollar sales declined 1 percent in the first half of 2025, as declines in fashion and outdoor footwear categories offset gains in the sport, lifestyle and performance segments, according to Circana. Styles inspired by running, soccer/football, and cross-training paced the sport lifestyle category, while performance footwear was led by walking, running and cross-training.
CNBC/NRF Report Sees July Retail Sales Recover; Sporting Goods Sector Momentum Continues
Sporting Goods stores jumped 9.9 percent year-over-year (y/y) unadjusted in July, accelerating from an 8.5 percent y/y gain in May. Clothing, Footwear, Accessories, and General Merchandise were also among the channels with accelerated growth. Overall core retail sales were up 5.93 percent y/y, up from an increase of 3.36 percent in June.
EXEC: Yue Yuen Sees H1 Growth in Athletic & Outdoor FW Slow as Casual & Sandals Jump
Yue Yuen said it remains committed to its mid- to long-term capacity allocation strategy. This includes diversifying its manufacturing capacity into regions such as Indonesia and India where labor supply and infrastructure are supportive of sustainable growth
Pickleball Kingdom Franchise to Open in South Brunswick, New Jersey
Yashraj Kurani. also has a location open in Hamilton, NJ, with additional locations in Watchung and Tinton Falls scheduled to open this winter. An IT professional, is also a competitive pickleball player with a background in racquetball and badminton.
EXEC: Yonex Sees 28 Percent Fiscal Q1 Revenue Jump
The Japanese racquet sports and golf company reported earnings climbed 51.5 percent in the fiscal first quarter ended June 30 on a 28.3 percent revenue gain.
Canada Goose Announces Election of Directors
All nominees for election as directors listed in the company’s management information circular dated June 18, 2025, were elected by a majority of the votes cast by shareholders who were virtually present or represented by proxy.
Vuori Expects to Surpass 100-Store Milestone Sooner; Opens Aspen Location
Vuori reported last week that it will surpass its goal of opening 100 retail locations by 2026 with the opening of its latest store in Aspen, CO, on August 8.
Skechers’ Q2 Earnings Climb 22 Percent as EMEA Momentum Offsets Soft U.S. Wholesale
Skechers USA, recently acquired in a $9.4 billion take-private deal with 3G Capital, delivered strong quarterly results, with sales growing 13.1 percent. This growth was led by gains in EMEA, which offset declines in the U.S. and China. Earnings climbed 21.5 percent despite margin pressure from tariffs.
Play It Again Parent Makes Board Changes
Winmark Corp., the parent of the Play It Again Sports franchise, announced that Jenele C. Grassle plans to step down from the board while Keith Credendino, currently chief information and technology officer at Macy’s, was appointed to the board.
EXEC: Saucony Gets Very Strong DD Growth from Each Core 4 Franchise in Q2
The Ride, Guide, Triumph, and Hurricane franchises each grew at a very strong double-digit pace at U.S. retail in the quarter, while the brand continued to grow through its Lifestyle offerings as well.
EXEC: Under Armour CEO Kevin Plank Outlines Path to North America Recovery
During Under Armour’s fiscal first-quarter call with analysts, company founder Kevin Plank stated that while the North America region will face challenges this year from higher costs due to tariffs and softening demand, “we see this as an inflection point, not a ceiling.”
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