Fitch Ratings downgraded Newell Brands Inc.’s long-term issuer default rating to BB-plus from BBB-minus, lowering it to speculative-grade, or “junk” status, from investment grade.
Author: SGB Media
Arc’teryx’s Sales Grew 11 percent In 2018
Amer Sports issued its annual report review for 2018 that showed Arc’teryx’s sales grew 11 percent last year to drive growth across Softgoods, a strategic growth priority for the company.
Under Armour CEO’s Relationship With MSNBC Anchor Draws Scrutiny
The Wall Street Journal reported that Kevin Plank, Under Armour’s CEO, has been scrutinized by his board of directors for his personal relationship with MSNBC anchor Stephanie Ruhle and its impact on the company.
Lids Sports Group Acquisition Secures Financing
PNC Bank, N.A. announced the closing of a $140 million senior secured credit facility to support Maryland-based Ames Watson, LLC’s acquisition of Lids Sports Group (LSG). PNC Bank, N.A., served as administrative agent.
Trade Talks Showing Some Positive Signals
Facing a March 1 deadline before tariffs on some $200 billion in Chinese imports rise, Chinese and U.S. negotiators held high level talks Thursday and Friday in Washington D.C. The discussions come amid signs of progress on resolving some issues in the seven-month trade dispute.
Nike Plans Investigation Following Zion Williamson’s Injury
Nike said it was planning an investigation after one of its sneaker worn by Duke University’s basketball standout Zion Williamson ripped open during a high-profile game Wednesday night. “We are obviously concerned and want to wish Zion a speedy recovery,” Nike said in a statement. “The quality and performance of our products are of utmost […]
Former Cabela’s Employees Launch Nexgen Outfitters
Another group of former Cabela’s Inc. employees has helped launch an e-commerce website offering outdoor and active lifestyle gear. Several avid outdoorsmen and women teamed up to form Nexgen Outfitters, based in Sidney, NE.
REI Co-op To Open New Store in Birmingham, AL, In October
Outdoor co-op REI is opening a new store in Birmingham, AL, in October. The new 20,000-square-foot store will be located at The Summit, just 20 minutes from Oak Mountain State Park and less than an hour from the Talladega and Bankhead National Forests.
OC Sports Appoints New National Sales Manager
OC Sports on Thursday announced the promotion of Brad Reagan to national sales manager following Joe Rubertino’s retirement. Reagan has more than 15 years of experience in the team sports industry, nine of which have been with Outdoor Cap, the parent company of OC Sports.
Injinji Expands E-Commerce Portfolio In North America
Injinji expanded, the sock specialist, expanded its e-commerce offering in North America to include a Canadian shipping option.
Under Armour Extends Partnership With Virginia Military Institute
Virginia Military Institute has extended its athletics apparel and footwear partnership with Under Armour. The agreement, which runs through 2022 with a two-year renewal option, continues the partnership that began in 2014.
Asics Appoints Director Of Run Specialty Sales
Asics North America appointed Kevin McHale as its new director of run specialty sales. In this role, McHale will manage the run specialty business. Asics also said it is unveiling a newly created Technical Representatives Program to provide rep coverage across the country.
Report: U.S. And China Trade Talks Making Significant Progress
The U.S. and China have made the most significant progress to date in their trade talks, outlining commitments in areas such as intellectual property rights, services, currency and agriculture barriers to trade, Reuters reported.
Gildan Activewear Preps For Next Big Private-Label Launch
Emboldened by two successful private-label launches last year, Gildan Activewear Inc. will ramp up that segment of its business as soon as next quarter when the company unveils an underwear line for a high-volume customer that many analysts believe is Walmart.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal