Moody’s Investors Service assigned a B1 rating to the proposed term loan of Great Outdoors Group, LLC, the corporate name of Bass Pro Group. Concurrently, Moody’s affirmed the company’s Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR). The outlook remains stable.
Author: SGB Media
SweatWorks Appoints Chief Commercial Officer
SweatWorks is expanding its executive team with the appointment of industry veteran, Alex Peacock, as chief commercial officer. Peacock was previously CEO of Netpulse, a provider of branded fitness apps.
Sunglasses Retailer Solstice Marketing Files For Bankruptcy
Sunglasses retailer Solstice Marketing Concepts LLC filed for bankruptcy with a plan to restructure and seek new financing.
Wolverine World Wide Scores S&P Upgrade
S&P Global Ratings revised the debt ratings outlook on Wolverine World Wide Inc. to stable from negative as the company has outperformed S&P’s expectations during the ongoing pandemic and paid off its $171 million 364-day term loan.
Outdoor Voices Appoints Former Urban Outfitters’ Exec As CEO
Outdoor Voices announced that Gabrielle Conforti has joined the company as chief executive officer. She has spent the last six years at Urban Outfitters, where she has held senior management roles including chief merchandising officer and president.
Boot Barn Appoints Gene Eddie Burt To Board
Boot Barn Holdings Inc. announced that Gene Eddie Burt, executive vice president, chief supply chain officer of Big Lots Inc., has been appointed to its Board of Directors.
L Catterton To Acquire Majority Stake In Birkenstock Group
Birkenstock struck a deal to sell a majority share of Birkenstock Group to private equity firm L Catterton and its affiliates with the inclusion of Financière Agache, Bernard Arnault’s family investment company.
Aisle Talk Week Of February 22, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of February 22, 2021 covered in the SGB Updates and delivered to your inbox every business day.
Camping World’s Q4 Sales Climb 17.5 Percent
Camping World Holdings Inc. reported sales grew 17.5 percent in the fourth quarter and 11.3 percent in the year ended December 31.
Big 5 Sporting Goods Enters Into New Five-Year Credit Facility
Big 5 Sporting Goods Corporation announced that it has entered into a new loan agreement with Bank of America. The loan agreement replaces the company’s prior financing arrangement.
Foot Locker’s Q4 Comps Dip 2.7 Percent
Foot Locker Inc. reported earnings in the fourth quarter topped Wall Street’s consensus estimate but sales came in short. Same-store sales in the period fell 2.7 percent.
Fox Factory Sees Q4 Sales Climb 41 Percent
Fox Factory Holding Corp. reported sales grew 41.2 percent in the fourth quarter. This increase reflects a 44.6 percent increase in Specialty Sports Group sales, and a 38.7 percent increase in Powered Vehicles Group sales.
Fanatics Enters China Through Joint Venture With Hillhouse Capital
Fanatics announced that it has formed a joint venture with Hillhouse Capital to support its expansion into China.
Under Armour Reduces Sponsorship Commitments By 47 Percent
Under Armour Inc. reduced its sponsorship commitments by 47 percent to $361.6 million in 2020 from $679.1 million in 2019, according to its just-released annual report.
Dynamic Brands Recognizes Top Sales Reps
Dynamic Brands recognized its top sales reps for their accomplishments in 2020. Covering the State of Michigan, Tony Greiner was named its Sales Representative of the Year.
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