Big Rock Sports Announces President
Big Rock Sports, LLC and parent company Peak Global Holdings, hired David McCartney as president of Big Rock Sports.
Puma IT Executive Joins Jesta I.S.
Jesta I.S., Inc., a developer of modular cloud solutions and ERP for retailers and brand manufacturers, hired Jon Vacca, its chief operating officer.
Li & Fung May Face Debt Ratings Downgrade
Moody’s Investors Service has placed on review for downgrading Li & Fung Limited’s ratings. The review follows the company’s announcement on August 31 that it had completed the sale of LF Logistics Holdings, Ltd. and its various entities to A.P. Moller-Maersk A/S.
New Era’s Debt Ratings Downgraded Due To Increased Financial Sponsor Ownership
S&P Global Ratings lowered its issuer credit rating on New Era Cap LLC to ‘B’ from ‘B+’ following the move by private equity firm ACON Investments in early August to increase its ownership stake significantly in New Era through a non-common equity transaction.
Report: Kohl’s Gets Bid For Real Estate
Private equity firm Oak Street Real Estate Capital, LLC has reportedly offered to acquire as much as $2 billion in property from Kohl’s Corp.
Imperial Acquires J.T. Spencer
Imperial, the golf headwear brand, announced the acquisition of J.T. Spencer, the American belt manufacturer based in Richmond, VA. J.T. Spencer is the official belt licensee of Peter Millar and operates Peter Millar’s custom logo green grass belt program.
Salt Life Opens 21st Location
Delta Apparel, Inc. announced it opened a new retail store for its Salt Life brand in Jupiter, FL, marking the brand’s 12th retail location in the state and 21st overall.
Pou Sheng Appoints New Chairman
Pou Sheng International, Ltd. said Lee Shao-Wu has resigned from the company, including as chairman and executive director. Yu Huan-Chang, its current CFO, replaced him.
New Wave Acquires BTC Activewear
Stockholm-based New Wave Group has acquired 100 percent of the UK promotional, corporate and teamwear apparel company BTC Activewear Limited shares. The purchase of the shares is £33 million on a cash and debt-free basis and a cash transaction.
Sportsman’s Warehouse’s Q2 Comps Drop 9.4 Percent
Sportsman’s Warehouse Holdings Inc. reported earnings declined 22.5 percent on an adjusted basis in the second quarter as sales retreated 9.4 percent. Results exceeded the high end of guidance.
Tilly’s Blames Inflation On Q2 Miss
Tilly’s, Inc. reported earnings and sales missed company guidance in the second quarter. Sales were down 17 percent against record year-ago revenues.
Lululemon Hikes Outlook As Q2 Comps Jump 23 Percent
Lululemon Athletica, Inc. raised its outlook as sales and earnings in the second quarter easily topped the company’s guidance. Lululemon’s earnings on an adjusted basis grew 33 percent as a comp gain of 23 percent offset gross margin pressures.
Prana Hires VP Of Marketing From Nike
Prana, a subsidiary of Columbia Sportswear, hired Brianna Showell as vice president of marketing.
New Balance Appoints Global Director Of International Marketing
New Balance hired Romina Bongiovanni as global director of international marketing. She replaces Tim Malone, who joined Crocs as VP of global integrated marketing in May.
The Buckle’s Comps Increase 4.6 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 27, 2022 increased 4.6 percent.
