Moody’s Investors Service downgraded Foot Locker, Inc.’s debt ratings, reflecting Moody’s view that Foot Locker’s earnings and cash flow are likely to remain pressured for an extended period, given the execution risk associated with implementing its Lace Up plan transformation initiatives in a challenging consumer spending environment.
Author: SGB Media
Nike to Permanently Close NE Portland Store Following High Theft
Nike has decided not to re-open its factory store in Portland, OR, which it closed temporarily last fall due to theft and safety issues
Self Esteem Brands Creates Anytime Fitness Master Franchisee for Canada
The parent company of a global portfolio of fitness, health and wellness franchise brands designated AF National Franchising Ltd. as an Anytime Fitness master franchisee for Canada, which includes 225 franchised Anytime Fitness clubs.
Aaron Rodgers Continues Investment in Building Amberjack Brand
Amberjack said initial partnership conversations began in 2020 during the pandemic before the brand launched. Rodgers was reportedly impressed with the brand vision and invested in 2021, working in tandem with company Founder and CEO John Peters.
Mark’s Rolls Out Two New Workwear Retail Formats in Canada
Mark’s, the Canadian retailer owned by Canadian Tire and sister company to SportChek, Sports Experts, Pro Hockey Life, and Helly Hansen, introduced two new industrial-exclusive retail stores—Mark’s WorkPro and L’Equipeur Pro.
Cotopaxi Taps Two Outdoor Industry Sales Vets to Drive Wholesale Sales
Joining the team in August are Jody Carlson as VP of global wholesale and Kari Larsen as director of North American wholesale.
EXEC: American Outdoor Brands Execs Detail Fiscal First Quarter Progress
The recent issues with inventory and reduced consumer demand in the broader firearms market at retail had an effect of the company’s Shooting Sports segment, but strong growth in the company’s Outdoor Lifestyle segment offset the decline in the shooting accessories business.
Portland’s Andy and Bax to Close
Andy and Bax, the Portland, OR-based retailer of camping equipment and military surplus gear, is closing after 78 years.
Canterbury Renews Contract with Irish Rugby Team
Canterbury agreed a four-year extension to its deal as the official kit partner with the Irish Rugby Football Union (IRFU).
Report: July Golf Equipment Sales Flat at Specialty; Putters Lead Growth
Golf Datatech reported July 2023 retail sales for golf equipment at on- and off-course specialty shops in the U.S. that saw flat sales year-over-year but still grew 50.9 percent versus the pre-pandemic July 2019.
Gatorz Eyewear Hires Product Line Director
Gatorz Eyewear, developing eyewear for military and law enforcement, shooting sports, hunting, and outdoor, hired Marilyse Gagnon as product line director with over a decade of experience in the eyewear industry.
Zumiez Second-Quarter Results Beat Expectations
Zumiez, Inc. showed a loss in the second-quarter ended July 29 on a sales decline of 11.6 percent, but results exceeded guidance as sales trends improved each month with encouraging early back-to-school sell-throughs.
American Outdoor Brands Narrows Fiscal Q1 Net Loss on Flattish Sales
First quarter net sales were $43.4 million for the period ended July 31, a decrease of 0.5 percent versus the comp quarter last year. Traditional channel net sales increased 8.4 percent, while e-commerce net sales declined 10.6 percent.
Smith & Wesson Sees First Quarterly Sales Gain in Eight Quarters
Smith & Wesson Brands, Inc. reported sales jumped 35.4 percent in the fiscal first quarter ended July 31, marking its first quarterly gain since the fiscal first quarter ended July 31, 2021.
Arcade Belts collaborates with Jimmy Chin, supports POW
Arcade Belts designed a new belt in collaboration with Jimmy Chin that supports partner Protect Our Winters (POW), an organization helping people and places most impacted by climate change. Jimmy Chin, a world-renowned mountain athlete, filmmaker, photographer, and advocate for the environment, shares the same passions and goals to protect the environment and help address […]
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