Puma hired Ryokusai Inoue as general manager of Puma Japan, effective immediately. He replaces Kohei Hagio, who has held the position since 2021.
Author: SGB Media
Wolverine World Wide Sees Debt Ratings Downgraded
Moody’s downgraded Wolverine World Wide, Inc.’s debt ratings to reflect Wolverine’s “ongoing steep revenue and earnings declines and Moody’s expectations that the challenging retail environment will hinder the company’s ability to realize significant near-term benefits from its turnaround efforts.”
Fanatics Commerce’s Debt Ratings Downgraded to Negative
Moody’s Investors Service downgraded Fanatics Commerce’s debt rating to reflect the online fan website’s “significantly weaker than expected earnings and cash flow and the risk that the increasingly difficult operating environment will challenge its ability to achieve the appropriate level of returns on its current investments and return EBITDA and EBITDA margins back to their previous levels.”
G Fuel Names New CEO, Secures Investment
G Fuel, a brand of caffeinated drink mix sold by Gamma Labs, appointed Bryan Crowley as CEO while securing a “significant cash investment” from Kingswood Capital Management and First Bev.
KOA Sees Surge in Interest to Camp this Holiday Season
The Kampgrounds of America, Inc. (KOA) Monthly Research Report, November 2023 Edition, outlines a notable increase in holiday travel expectations, with camping a favored option for Thanksgiving, Hanukah and Christmas.
Vimazi adds pace-tuned walking shoe to collection
Vimazi released its first pace-tuned walking shoe, the Z90, which joins the brand’s road and trail pace-tuned running shoe collection.
Nordstrom’s Sales Led by Active in Third Quarter
Nordstrom reported slightly higher earnings in the third quarter on improving gross margins. Sales were down 6.8 percent with sales slumping 9.4 percent at the Nordstrom flagship banner and declining 1.8 percent at Nordstrom Rack.
Urban Outfitter’s Profits Soar in Third Quarter
Profits at Urban Outfitters surged 123 percent in the third quarter as sales grew 9 percent. Retail segment comps advanced 5.6 percent as gains of 22.5 percent at Free People and 13.2 percent at Anthropologie offset a 14.2 percent decline at the Urban Outfitters banner.
Reima USA Expands Indie Sales Rep Team
Reima USA hired Kerry O Sales to its independent sales rep network, marking a “significant step” in growing its U.S. business.
Solo Stove partners with Snoop Dogg on Limited-Edition Collection
Solo Stove announced that Snoop Dogg will be the company’s official “smokesman” to support its mission to eliminate smoke from backyards.
Free Fly Welcomes Christa Funk to Ambassador Team
Free Fly, a performance apparel brand, added Christa Funk to its growing ambassador team. Through her photography, Funk is known for capturing the waves, surf breaks and moments in big wave surfing.
Authentic Adds N.A. Kids Apparel Licensing Partner for Quik, Billabong and Roxy
Centric Brands, LLC inked an exclusive licensing agreement with Authentic to design, manufacture and distribute kids’ apparel for the Quiksilver, Billabong and Roxy brands in the U.S. and Canada.
Dakine Continues Partnership with Alterra Mountain Company
Dakine reported continuing its partnership with Alterra Mountain Company as the official pack and bag sponsor for the 2023/24 winter season, in addition to supporting events, programs, staff products, and uniforms for the bike parks.
SGB Media Thanksgiving Schedule
In observance of the Thanksgiving holiday, SGB Media is taking time to be with family and will not publish the SGB Evening Update on November 22 or the SGB Morning and SGB Evening Updates on November 23, or November 24. Publishing will resume on November 27, 2023.
Outdoor Research Appoints VP of Operations
Outdoor Research recently promoted long-time employee Geoff Potter to vice president of operations, who has worked in planning and operations for nearly 12 years.
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