Unifi Sees Incremental Improvement In Q2

Unifi Inc. reported sales of $162.8 million in the second quarter ended December 27, a decrease of 4.0 percent year-over-year, but an increase of 15.0 percent sequentially from the first quarter of fiscal 2021. Revenues from REPREVE Fiber products represented 37 percent of consolidated net sales, a new quarterly record.

Belk’s Debt Ratings Downgraded Following Restructuring Move

S&P Global Ratings lowered its debt rating on Belk Inc. due to the Charlotte, N.C.-based department store operator’s announcement that it intends to restructure its debt. S&P views the proposed transaction as distressed and representing less than the original promise of its term loans.

Vista Outdoor’s Debt Ratings Upgraded

Moody’s upgraded the debt ratings of Vista Outdoor Inc. because Vista repaid a significant amount of debt over the last two years. The rating agency also expects the company’s operating performance to remain strong over the next 12 to 18 months as ammunition demand remains robust and as the company continues to work through its material backlog.

Lectric eBikes Secures Investment

Bertram Capital announced that it has made an investment in Phoenix, AZ-based Lectric eBikes, a designer and direct-to-consumer retailer of electric bicycles and accessories.

Hyperice Acquires RecoverX

Hyperice announced the acquisition of RecoverX, a San Diego-based technology company specializing in intelligent thermal technologies.

Rab’s Arc Eco Jacket Wins 2021 ISPO Award

Rab Arc Eco Jacket, to be released  AW21,  is among the winners of the 2021 ISPO Award. Building on its partnership with Pertex, the Arc Eco is its first product to use 3-layer Pertex Shield Revolve fabric. Made from 100 percent post-consumer recycled polyester — Pertex Shield Revolve is made from a polyester face, polyester […]

POC Begins 2021 With ISPO Awards

POC has won three ISPO awards for products and innovations from its  2021/22 winter collection. Leading out the ISPO winner awards is its latest goggle, Zonula Clarity, shown above, which introduces a new visual experience and field of view for all types of skiers and snowboarders. Another winner and new product is the Dimension VPD […]