Sympatex Names Chief Sales And Marketing Officer
Sympatex Technologies, a manufacturer of membranes, laminates and textiles used in outdoor apparel and footwear, promoted Kim Scholze to chief sales and marketing officer and its board.
Nike Asks City Of Portland For Police Security To Reopen Community Store
Nike’s Community Store in Northeast Portland has been closed for weeks because of thefts. The company has offered to contract with, and pay off-duty uniformed Portland Police Bureau officers, in order to reopen the store.
Adidas’ Debt Ratings Downgraded By S&P
S&P Global Ratings followed Moody’s in downgrading the debt ratings of Adidas due to the company’s downward revision of guidance largely tied to the end of its partnership with Kanye West.
USPTA And Tennis Warehouse Expand Official Supplier Deal
The United States Professional Tennis Association inked an expanded multi-year endorsement with the Tennis Warehouse as the Official Equipment Supplier of the USPTA.
Akers Digital Adds Two New Hires To Team
Akers Digital agency hired Bethany Donovan and Luke Paulson to expand its digital advertising, email marketing and Shopify services and better serve its clients in the cycling, snowsports, active apparel, and outdoor industries.
REI Updates Product Standards For Vendors
REI Co-op released its updated Product Impact Standards report to advance more sustainable and inclusive business practices. The latest version builds on three key areas: fighting climate change, advancing inclusion in the outdoors and managing chemicals.
Tractor Supply Improves Ranking On Forbes Best Employers List
Tractor Supply Company has been named to the Forbes list of America’s Best Large Employers. The company’s ranking improved to the 177 spot in the 2023 report from the 329 spot in 2022.
Sweaty Betty E-Commerce VP Joins Harvey Nichols
Harvey Nichols named Annabel Thorburn, SVP of e-commerce at Sweaty Betty, its e-commerce director. She joined the British luxury department store chain on April 17.
Walmart U.S. Posts 8.3 Percent Q4 Comp Store Sales Growth
Walmart U.S. comp sales grew 8.3 percent for Q4 and 13.9 percent on a two-year stack. E-commerce growth was 17 percent and 18 percent on a two-year stack.
Dillard’s Reports Flat Fourth Quarter On Sharp Margin Decline
Dillard’s reported net sales for the fiscal fourth quarter ended January 28 were up slightly to $2.13 billion, compared to $2.11 billion in the year-ago period.
360 Adventure Collective Announces Summer 2023 Show Schedule
360 Adventure Collective announced its regional summer show lineup, including 360AC Experience, in April, emphasizing camping, climbing and hiking.
Running Supply Acquires Achille Agway
Running Supply, Inc., operating as Runnings, based in Marshall, MN, agreed to acquire Achille Enterprises, Inc. Operating under Achille Agway, Achille Enterprises owns six farm and home stores in New Hampshire and Vermont.
Nike’s Chief Digital Information Officer Departs
Ratnakar Lavu, Nike’s global chief digital information officer, resigned on February 20, according to Business Insider.
Adidas’ Debt Ratings Downgraded On Slashed Outlook
Moody’s downgraded the debt ratings of Adidas following the company’s steep profit warning for 2023, “signaling a significant and unexpected further downward revision of the company’s financials and credit metrics for the next 12-18 months.”
VF Corp’s Debt Ratings Lowered
Moody’s Investors Service downgraded the debt ratings of VF Corp. due to the company’s currently high leverage resulting from underperformance in its largest and most profitable brand, Vans, as well as large customer inventory destocking at Dickies, a slower-than-expected recovery in China, and elevated inventory levels that are leading to higher promotional sales activity and reduced margins.
