Moody’s Investors Service upgraded the debt ratings of Authentic Brands Group to reflect the conglomerate’s “solid” operating performance, increasing scale benefits and improving debt leverage.
Author: SGB Media
Snow Peak USA Appoints GM for Long Beach Campfield
Josh Simpson is tasked with managing the Campfield during its first year of operation, introducing a new kind of campground centered on the communal and restorative Snow Peak style of camping.
DTLR Names New CEO, Opens Next Gen Flagship
DTLR, acquired by JD Sports in May 2021, named Todd Kirssin as CEO while also opening its “Next Gen” retail concept.
Clarus Receives Buyer Proposal; President of Ammo Business Resigns
The Board formed a special committee of the Board comprised of independent directors to review and evaluate the Buyer’s Proposal and any alternative proposals that could be available to the company, including the possibility of rejecting the Buyer’s Proposal and/or any alternative proposals.
Sportsman’s Warehouse Appoints New Board Member
Steven Sansom is a corporate executive with over 30 years of experience in high-growth businesses. He has served as founder and chairman of Steel Grove Capital Advisors and Steel Grove Family Office in Memphis, TN since September 2001.
HanesBrands Looking at Strategic Alternatives for Global Champion Business
The Board said it would consider a broad range of alternatives to maximize shareholder value, including, among others, a potential sale or other strategic transaction, including continuing to operate the business as part of HanesBrands.
RV Women’s Alliance Names New Managing Director
Patricia Carrera to serve as the organization’s new managing director and will transition fully into the position over the coming weeks with the assistance of the current managing director, Jessica Rider.
Academy Sports + Outdoors Opens First Store in Kyle, TX
The new location marks the fifth store Academy has opened in 2023 as Academy looks to achieve its goal of opening a total of 120 to 140 new stores by the end of 2027.
Arizona’s Lewis & Clark Outfitters Closes
Lewis & Clark Outfitters, a bike and outdoor store, closed in Springdale, AZ after 23 years in business
NRF to Present Dick’s SG Chairman Ed Stack with The Visionary Award
Presented annually to an outstanding retail leader, the 2023 NRF Visionary Award honors Stack for his leadership of the largest omnichannel sporting goods retailer in the U.S., guiding the company’s evolution from two stores in upstate New York to a Fortune 500 company.
CPSC Issues Warning to Stop Using Kopobob Kids’ Helmets
The U.S. Consumer Product Safety Commission (CPSC) is warning consumers to immediately stop using Kopobob kids’ multi-purpose helmets because they can fail to protect riders in the event of a crash, posing a risk of head injury.
Deloitte Study Explores Link Between Women’s Sports and Career Success
A new survey released from Deloitte found a wide majority of women who played sports as kids said it was important to their career success.
Rock Ridge Outdoors Names New Regional Sales Manager
Dani Navickas brings more than 25 years of experience working in sales, marketing and product development within the shooting and outdoor industries, including tenures at Velocity Outdoor, Sig Sauer and Remington, to the role.
Canada Goose’s Debt Ratings Earn an Upgrade
Moody’s Investors Service upgraded Canada Goose, Inc’s debt ratings due to the outerwear maker’s solid operating performance and potential to benefit from China’s recovery.
VF’s Outlook Changed to Negative by Moody’s
Moody’s Investors Service changed VF Corporation’s outlook to negative from stable, reflecting the effects of the unfavorable tax appeal ruling related to the company’s Timberland acquisition in 2011 and the continued risk associated with the turnaround of Vans.
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