Moody’s Changes VF Corp.’s Debt Rating Outlook To Negative
Moody’s Investors Service changed VF Corp.’s outlook to negative from stable, reflecting the company’s weaker-than-expected near-term operating performance expectations, increasingly challenging operating environment and higher-than-expected debt levels.
Year-Over-Year Retail Sales Growth Continues In September
The U.S. Census Bureau said overall retail sales in September were unchanged from August but up 8.2 percent year-over-year. That compared with increases of 0.4 percent month-over-month and 9.4 percent year-over-year in August.
Neiman Marcus Group Sees Strong Growth In Fiscal Year
Neiman Marcus Group reported a strong recovery in its year that ended July 31 as sales increased 33 percent to $5 billion, including sales from leased vendor shops.
PacSun Showcases New Store Design In Fashion Valley
Pacsun opened its newest location in San Diego’s Fashion Valley. The retail space features a modernist design formula and layout for the youth-centric retailer. The Fashion Valley store is first brick-and-mortar location to pay homage to its foundation in mall culture.
Vuori Opens East Coast Flagship In New York City
Vuori has opened its first New York City flagship. The store, located in SoHo at 106 Spring Street, is the brand’s first East Coast flagship.
Goat Group To Acquire Grailed
Goat Group, Inc., which operates Goat and Flight Club, has agreed to acquire Grailed, the peer-driven resale marketplace for men’s luxury, streetwear, sneakers and vintage fashion.
Reebok Lists Its Boston Seaport Office To Sublease
Reebok has listed its entire Boston Seaport District office as available for sublease after moving into the space in 2017, according to a report from Boston Business Journal.
Jack Wolfskin Hires Director Of Sales, South Europe & New Markets
German outdoor apparel, footwear and equipment brand Jack Wolfskin announced it hired Massimo Carnelli as director of sales, South Europe and New Markets.
Snow Peak USA Announces New Leadership Structure
Snow Peak, the outdoor lifestyle brand based in Portland, OR, announced new leadership, including naming Noah Reis as vice president and chief operating officer, Snow Peak USA; Matt Liddle assumes the role of chief futures officer; and Yuichi Uchida was named chief brand officer.
Decathlon’s ‘A-2’ Short-Term Rating Affirmed On Strong Operating Performance
S&P Global Ratings affirmed Decathlon’s ‘A-2’ short-term credit rating on strong operating performance. S&P said consistent outperformance in 2021 and the first half of 2022 had positioned Decathlon favorably as market headwinds arise.
JD Sports CFO To Step Down Next Year
JD Sports Fashion said Chief Financial Officer Neil Greenhalgh will step down in 2023, after four years in the position.
Sportsman’s Warehouse Opens Three Stores
Sportsman’s Warehouse Holdings, Inc. recently opened new stores in Seminole, FL; Eastgate, OH; and Santee, CA. The company said it also expects to open two new stores in Montrose, CO and Jacksonville, FL before the end of 2022 and the start of the 2022 holiday shopping season.
Kohl’s Urged By Activist Investor To Reorganize Board
Activist investor group Macellum Advisors is once again pushing for board seats at Kohl’s Corp and the ouster of its chairman, according to a letter from the hedge fund to the shareholders on Thursday.
Bass Pro Expanding Sunset Hills Store
The pending Bass Pro Shops location in Sunset Hills, MO will add 17,500 square feet onto its original 75,000-square-foot layout.
Houdini Establishes U.S. Office In Portland, Bolsters Leadership Team
Houdini, the Swedish outdoor brand, hired Niclas Bornling as GM, North America, and Brian Anthony as head of sales and merchandising. Both work from its Portland, OR headquarters.
