S&P Global Ratings revised its debt ratings outlook on PVH Corp. to positive as the parent of Tommy Hilfiger and Calvin Klein demonstrated a track-record of maintaining leverage of less than 3x in recent years.
Author: SGB Media
EXEC: U.K. Retailers Facing Rising Retail Crime Demand Government Action
The 2023 BRC Crime Survey showed incidents of violence and abuse towards retail workers had almost doubled from pre-pandemic levels to 867 incidents every day in 2021/22. Top executives at JD Sports were signatories to the demand letter.
On Plans to Double Sales and Reach 60 Percent Gross Margin by 2026
The company plans to grow 2026 net sales to at least CHF3.55 billion, or approximately $3.95 billion at the average September 2023 conversion rate, reflecting a CAGR of over 26 percent based on its 2023 forecast.
Kryptek Appoints COO
Kryptek Outdoor Group, the tactical and hunting apparel brand, welcomed Tim Piver as its new chief operations officer.
Report: Shot Show is Now the Third Largest Trade Show in Vegas
The show is now the eighth largest trade show in America, according to Trade Show Executive’s just-released Gold 100 rankings. The rankings were based on trade shows held throughout the U.S. in 2022 and measured by net square feet.
NSSF: September Adjusted NICS Background Checks Decline 8.2 Percent
The September decrease reflects a moderating trend in the decline rate, following declines of 13.0 percent in August, 17.0 percent in July and 19.6 percent in June. May was down only 0.1 percent.
Swag Golf Raises $10 Million in Funding Round
Swag Golf, a golf accessory, equipment and apparel company based in Northbrook, Il, closed a $10 million growth round led by Verance Capital, a New York-based growth investment firm focused on sports and entertainment.
American Outdoor Brands Names COO
American Outdoor Brands Inc. said Brent Vulgamott, vice president of sales, operations and analytics, was promoted to chief operating officer, a newly created role. Vulgamott will continue to lead all facets of the company’s sales, operations, and analytics functions.
Hydro Flask, Osprey Parent Sees Flattish Outdoor Segment Sales In Fiscal Q2
Helen of Troy reported sales in its Home & Outdoor segment, including OXO, Hydro Flask and Osprey eased 0.2 percent in the fiscal second quarter ending August 31, to $240.0 million.
NEMO Introduces Air Pad with 8+ R-Value
Achieving the highest warmth-to-weight ratio for a sleeping pad, NEMO’s newest product, Tensor Extreme Conditions, offers an 8.5 R-value at 16 ounces for the regular mummy size, featuring the brand’s patent-pending Apex baffle construction and is “the quietest pad in its class.” Backcountry enthusiasts looking for a light, warm pad for year-round use have an option […]
The Good Feet Store Opens 250th Location
The Good Feet Store, based in Carlsbad, CA, announced a milestone with the opening of its 250th store, in partnership with franchisee group, The Watermans. The new store is located at 4400 Hwy 6 #200 in College Station, TX.
PleasureLand RV Centers Owner Dan Pearson Passes Away
The RV Dealers Association (RVDA) issued a statement today, October 3, informing the industry and RVDA membership that Dan Pearson, owner of PleasureLand RV Centers, headquartered in St. Cloud, MN, has passed away.
Gunpowder, Inc. Adds Three Hires in Strategic Move
The company noted that the hire of Josh Ward, Michelle Gandola and Alex Gaziano in the third quarter of 2023, reflected the Wisconsin-based agency’s “commitment to strengthening its public relations and digital marketing capabilities.”
Nordstrom Plans Another Texas Rack Store
With the addition of this new location, two stores opening this fall in Denton and Allen, and the recently-opened location in San Antonio, Nordstrom will operate 22 Nordstrom Rack stores and eight Nordstrom stores in Texas.
Movement Skis Cuts OpEx After Tough Start to Year
Weak sales prompted the company to take a hard look at its operating expenses, with personnel costs cut by 16 percent, advertising costs by 10 percent, R&D costs by 25 percent, and G&A expenses by 19 percent.
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