CODI’s Debt Upgraded By S&P

Standard & Poors upgraded the debt ratings of the parent of 5.11 Tactical, Velocity Outdoor and Liberty Safe due to its significant debt reductions in the past year.

Smith & Wesson Sued In Canada By Shooting Victims

Smith & Wesson was hit by a class-action lawsuit by victims of a mass shooting in Toronto last year. The suit charges the gun maker was negligent for not incorporating “smart gun” technology for the firearm used in the attack.

Genesco To Acquire Footwear Licensee Togast

Genesco Inc.  announced Wednesday it has entered into a definitive asset purchase agreement to acquire New York-based Togast LLC, which specializes in the design, sourcing and sale of licensed footwear.

Conversation With Hibbett’s New CEO Mike Longo

In his first interview since being appointed CEO of Hibbett Sports Inc., Mike Longo tells SGB Executive how he ended up in the role, his goals for the Birmingham, AL-based company and the retail leadership priorities he learned most recently as CEO of “city specialty” retailer City Gear. Longo also admitted that, like his predecessor Jeff Rosenthal, he’s a bit of a sneakerhead.

Shred Announces New Sales Team

Shred on Wednesday announced its new national sales team. The eyewear and protection brand for skiers, snowboarders and mountain bikers (whose name is stylized as SHRED.) has created a new sales force composed of experienced reps in all key regions of the United States.

The Pro’s Closet Announces New Facility,

The Pro’s Closet, a leading seller of pre-owned bikes and components based in Boulder, CO, announced that it has leased an additional 28,000-square-foot facility in Longmont, CO to accommodate its rapid growth.

Voxel8 Appoints President And CEO

Voxel8, a multi-material digital manufacturing company transforming design and production of footwear and apparel, announced the appointment of Dr. Friedrich (Fred) von Gottberg as president and chief executive officer and to the board of directors.