Moody’s Investors Service upgraded Caleres, Inc.’s Speculative Grade Liquidity rating to SGL-2 from SGL-3 due to the maturity extension of its asset based revolving credit facility.
Author: SGB Media
Caleres Names Marci Grebstein SVP Marketing For Famous Footwear
Caleres on Tuesday announced Marci Grebstein will join Caleres as senior vice president of marketing for Famous Footwear on February 19. Famous Footwear is the largest brand in the Caleres portfolio, with over $1.6 billion in annual revenue.
Kelty Announces Senior Management Promotions
Kelty on Tuesday announced two senior management changes. The brand named Russ Rowell senior vice president and general manager, and Vincent Mares senior creative director, overseeing Kelty product design and visual direction.
Christoph Engl Seeks New Heights For Oberalp’s ‘Passionate Mountaineers’
Christoph Engl, who last fall was appointed CEO of Oberalp Group—parent company of Salewa, Dynafit, Pomoca and Wild Country—spoke with SGB recently about his goals for the Italian-based company as it looks to grow market share in North America.
REI CEO Jerry Stritzke Resigns Over Investigation Into ‘Personal, Consensual Relationship’
REI President and CEO Jerry Stritzke resigned February 11 after the company’s “investigation into the facts and circumstances surrounding a personal and consensual relationship between Jerry and the leader of another organization in the outdoor industry.”
Tough Mudder Partners to Launch On-Demand Fitness Training Program
Openfit, a digital streaming platform, is teaming up with Tough Mudder to create Tough Mudder T-MINUS 30, a 30-day fitness and nutrition program to prepare participants for the physical and mental challenges of a Tough Mudder event.
Jon Caplan To Retire From Genesco
Genesco Inc. announced that Jon Caplan recently announced his retirement as chief executive officer of Johnston & Murphy and Genesco’s Branded Group, effective at the end of June 2019.
Garmin Agrees To Acquire Tacx
Garmin Ltd. announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of Tacx Onroerend en Roerend Goed B.V (Tacx), a privately-held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications.
Skechers India To Become Wholly-Owned Subsidiary
Skechers U.S.A. Inc. announced that the company has purchased the minority share of its joint venture in India, transitioning the business to a new wholly-owned subsidiary of Skechers U.S.A. Inc.
Fila Extends Partnership With John Isner
Fila announced it has extended its partnership with the top ranked American male, World No. 9 John Isner.
Noto Group Welcomes Sara Spirko to Team
Noto Group Inc., a search firm serving consumer brands, announced the hiring of Sara Spirko as senior executive recruiter. Spirko brings 15 years of talent acquisition, brand portfolio management and operations experience from Godiva, Mars Inc. and Gibson Guitar Corp.
BSN Sports Acquires Johnny Mac’s
BSN Sports has acquired the team sports business of Johnny Mac’s Sporting Goods, based in St. Louis. All nine of Johnny Mac’s stores are expected to close.
Levelwear Partners with Alliance Of American Football
Levelwear, the Canadian athletic apparel brand, has partnered with Alliance of American Football, the newly formed professional football league.
Under Armour Q4 Beats Wall Street’s Expectations
Under Armour Inc. reported better-than-expected fourth-quarter earnings and revenue, boosted by apparel sales and growth overseas. North America revenue decreased 6 percent but losses in the region were significantly reduced. The company maintained its outlook for 2019.
Wolverine Sets New Stock Buyback Program, Raises Dividend
Wolverine World Wide announced a number of actions that reflect its continuing commitment to enhance shareholder value. These include a new share repurchase program, a substantial increase in the company’s quarterly dividend, and further details on the recent amendment to its credit agreement and improved capital structure.
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