Newell Brands Launches Debt Offering

Newell Brands announced the public offering of $500 million aggregate principal amount of 6.375 percent notes due 2027 and $500 million aggregate principal amount of 6.625 percent notes due 2029.

Belk Names Chief Executive Officer

Belk announced that Don Hendricks has been named chief executive officer of the department store chain. Hendricks has served as interim CEO since May 2022 and previously served as president and chief operating officer.

Recall: Tethrd Climbing Sticks

About 7,700 Tethrd One Stick Gen 2 climbing sticks are being recalled. Under pressure, one or more of the climbing stick’s steps could crack causing them to break, posing fall and injury hazards to the users.

The North Face Confirms Cyberattack

The North Face confirmed that its website, thenorthface.com, was impacted by a large-scale “credential stuffing attack” that resulted in the hacking of 194,905 customer accounts.

Import Slowdown Continues As Fed Tries To Rein In Consumer Demand

With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation.