Macy’s Inc. announced that it is offering $1.1 billion aggregate principal amount of senior secured notes due 2025 in a private offering. Macy’s intends to use the net proceeds from the offering of the notes, along with cash on hand, to repay all amounts outstanding under its revolving credit facility.
Author: SGB Media
RunSignup Survey Shows Race Organizations Expect 45 percent Of Revenue In 2020
Revenue shortfalls for the current year are expected to be significant for race organizations of all sizes with the average expectation that they will see 45 percent of their 2019 revenue in 2020, according to a survey of ace organizers conducted in early May from RunSignup, a technology provider for U.S. races.
Hyperice Debuts First TV Commercial
Hyperice, best known for its Hypervolt vibrating massage tool, ran its first TV ad Sunday during “The Match: Champions for Charity Event.”
ICSC TV Ad Asks For Passage Of COVID-19 Recovery Fund
ICSC, the member organization serving the shopping center industry, has launched its first-ever national television campaign calling on elected leaders to create a COVID-19 Recovery Fund.
Clarks To Eliminate 900 Jobs
Clarks, the U.K.-based footwear company, said it was cutting 900 jobs globally and reviewing funding options to address liquidity needs caused by the coronavirus, according to Reuters.
Hudl Gains Investment From Bain Capital
Hudl, the sports performance analysis platform based in Lincoln, NE, announced an investment from Bain Capital Tech Opportunities, along with existing investors, to further accelerate the company’s growth.
Wooter Apparel Partners With Collegiate Summer Baseball Invitational
Wooter Apparel has signed as the uniform provider for the College Summer Baseball Invitational (CSBI) in Texas.
Hyperice Creates New Human Health Division
Hyperice, the maker of percussion, vibration and compression devices, announced the creation of its Human Health division. The division will provide non-invasive wellness solutions for active and retired military, workplaces and healthcare providers.
RYU Apparel Issues Shareholder Update
In a letter to shareholders, Cesare Fazari, the recently-appointed CEO of RYU Apparel Inc., announced steps the company is taking to strengthen its balance sheet, leverage online sales and optimize inventory levels.
Asics North America Sees Double-Digit Sales Decline
Asics North America (ANA), which includes the U.S., Canada and Mexico, said sales in the U.S. were down 18.4 percent year-over-year in the first quarter. Canada and Mexico were down 5.5 percent and 10 percent year-over-year in the local currency respectively.
Foot Locker Seeing Slow Recovery From Pandemic
After closing most of its stores on March 17, Foot Locker is regaining traction at a slow pace as stores re-open in part because many of Foot Locker’s stores are in urban tourist areas that are seeing weaker traffic. However, even online sales were held back in the quarter as footwear sales are in lower demand with consumers focused on groceries and other essentials.
Deckers Brands Boosted By Digital And Hoka Momentum Amid Pandemic
Deckers Brands’ fourth-quarter results missed targets due to the arrival of COVID-19 but continued momentum from Hoka One One as well as triple-digit online growth is helping limit the damage. Hoka’s revenues are up in the low 30 percent range quarter-to-date period after expanding 51.8 percent in the fourth quarter.
Asics U.S. Revenues Down 18.4 Percent In Q1
Asics North America (ANA), which includes the U.S., Canada and Mexico, showed a loss of ¥1,578 million ($14.7 mm) in the first quarter as healthy online sales were unable to offset the impact of store closures due to the pandemic.
Aisle Talk Week of May 18, 2020
Top National Stories and the Latest Headlines from SGB Updates across the Active Lifestyle Market during the week of May 18, 2020.
Asics’ Q1 Sales Drop 13.5 Percent
Asics reported a small loss in the first quarter as sales sunk 13.5 percent. In the North American region, first-quarter sales were down 20.0 percent at currency-neutral rates.
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