Amer Sports’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.
Adidas Extends Deal With Union Berlin Until 2030
Union Berlin extended its kit deal with Adidas prematurely with the new deal expiring in 2030.
Helly Hansen Recalls Workwear For Failing To Meet Flammability Standards
Helly Hansen, in compliance with the U.S. Consumer Product Safety Commission and Health Canada, recalled 12 adult workwear sweatshirts and hoodies for failing to meet flammability standards.
Bealls, Inc. Appoints New Company President
Bealls, Inc. promoted Tianne Doyle to president. Doyle joined Bealls in 1991 and has held leadership positions across the company, rising to EVP and chief merchandise officer in 2020.
Academy Sports And Outdoors Ups Quarterly Dividend By 20 Percent
Academy Sports + Outdoors, Inc.’s board of directors has declared a cash dividend with respect to the fiscal quarter ended January 28, 2023 of 9 cents per share of common stock of the company, a 20 percent increase from the previous quarterly dividend payment.
Vista Outdoor Appoints President, Simms Fishing
Effective immediately, Vista Outdoor, Inc. named Derek Tarlecki as president of its Bozeman, MT-brand Simms Fishing Products. Tarlecki has worked as its chief integration officer since September, following the retirement of Simms CEO Casey Sheahan.
Fanatics Collectibles Appoints Chief Marketing Officer
Fanatics Collectibles, the trading cards and collectibles business of Fanatics hired Ken Turner as chief marketing officer.
BN3TH Appoints VP Of Sales
Men’s underwear and baselayer brand BN3TH promoted Matt Keenan to VP of sales, effective March 1.
Nordstrom’s Q4 Earnings Top Estimate, To Exit Canada
Nordstrom reported earnings in the fourth quarter topped Wall Street’s guidance despite aggressive markdowns to clear inventories while providing an upbeat outlook for the current year. The retailer also announced the wind-down of its Canadian business.
Hibbett Rolls Out Returns Service
Hibbett, Inc. added Happy Returns’ Return Bars in its more than 1,100 Hibbett and City Gear specialty stores nationwide. Through the service, customers can make returns from hundreds of online retailers at Hibbett and City Gear stores in 36 states.
Carhartt Launches Resale Program
Carhartt, in partnership with Trove, launched Carhartt Reworked, a resale program intended to extend the life of its workwear.
CGPR Taps Former Employee As Vice President
CGPR tapped former employee Charlotte Daher de Garcia as vice president.
Salt Life Inks Licensing Deal For Home Furnishings
Salt Life is expanding its product line to include the company’s first home furnishings collection—Salt Life Home—via a license agreement with Magnussen Home, offering U.S. customers coastal-inspired products for living, dining, entertainment, office, sleep, and other home spaces.
Burlington Stores Sees Improving Trend Despite Q4 Comp Sales Dip
Burlington Stores, Inc. reported total sales for the fiscal fourth quarter increased 5 percent to $2.74 billion and comparable store sales decreased 2 percent for the period ended January 28, 2023, compared to the fourth quarter of Fiscal 2021.
Vuori To Open Store In Mall Of America
Vuori plans to open a store at the Mall of America in Bloomington, marking its first store in Minnesota.
