S&P Global Ratings lowered its issuer credit rating on Vista Outdoor to ‘B’ from ‘B+’ because profitability is expected to remain weak in fiscal 2020 and leverage to remain above five times.
Author: SGB Media
HanesBrands Donates Underwear To Assist Hurricane Dorian Victims
HanesBrands announced that the company is donating $1 million of underwear to assist Hurricane Dorian victims in the Bahamas and coastal North Carolina.
Camfour Appoints Christopher DiCenso As President
Camfour Inc., a wholesaler of firearms, ammunition and accessories, announceD that Christopher DiCenso is the new [resident of Camfour and its subsidiary Hill Country
J.C. Penney Preparing For Debt Discussions
J.C. Penney is preparing for discussions that could ease its debt burden ahead of the critical holiday shopping season, according to a report from Bloomberg.
Peak Resorts Shareholders Approve Acquisition By Vail Resorts
Peak Resorts Inc. on Friday announced that the company’s shareholders, at a special meeting held earlier in the day, approved the merger agreement for the acquisition of the company by Vail Resorts Inc.
Specialized-Owned Bottle Brand Purist Hits Stride With Cindy Feinauer At Helm
Cindy Feinauer, general manager of the stainless steel bottle brand Purist and custom business leader at Specialized Bicycle Components, spoke with SGB Executive recently about Purist’s progress since launching last year. Although the brand is seeing triple-digit growth over 2018, revenue is only one way the company and Feinauer measure success.
BEA Report: Outdoor Recreation Grew Faster Than U.S. Economy In 2017
The U.S. outdoor recreation economy accounted for 2.2 percent ($427.2 billion) of current-dollar GDP in 2017 and grew faster than the overall U.S. economy, according to statistics released Friday by the Bureau of Economic Analysis.
Aisle Talk Week Of September 16
Top headlines from across the active lifestyle industry featured in SGB for the Week of September 16, 2019.
Gymshark Opens North American Headquarters In Denver
Gymshark, the U.K.-based fitness apparel start-up, has set up North American headquarters in downtown Denver, according to the Denver Business Journal.
Colt Halts Production Of AR-15, Citing ‘Adequate Supply’ For Consumers
Colt Manufacturing Co. said it is suspending production of military-style weapons for civilian use, including the popular AR-15. In a statement Thursday, Colt’s president and CEO Dennis Veilleux attributed the company’s shift to changes in consumer demand and a market already saturated with similar weapons.
Nike Outlines Stance On Tackling Climate Change
Nike Inc. on Thursday announced details on “Move to Zero,” the company’s journey toward zero carbon and zero waste, which has a singular aim: Help protect the future of sport.
Shoe Carnival Announces Executive Appointments
Shoe Carnival Inc. on Wednesday announced several executive appointments to support its ongoing customer-centric business transformation and to create a management structure aligned with the company’s long-term strategic plan.
Ross Dress For Less To Open Store In Pottstown, PA
Ross Dress for Less will open a new store in Pottstown, PA, on October 12. With this new opening, Ross will operate 48 stores in Pennsylvania and a total of 1,537 locations.
SportsEngine Partners With National Fitness Foundation
SportsEngine Inc., an NBC Sports Group company and provider of sport relationship management software, announced Wednesday that it has formed a partnership with the National Fitness Foundation (NFF) in support of its mission to expand youth sports and fitness programs across America.
Nike Latest Brand To Drop Antonio Brown
Nike Inc. is the latest sporting goods brand to end its endorsement deal with Antonio Brown, according to a Thursday report in the Boston Globe.
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