Moody’s Investors Service assigned a B2 rating to Academy, Ltd.’s proposed term loan due 2027.
Author: SGB Media
DeltaTrainer Raises $3.3M
DeltaTrainer has raised a $3.3 million round of seed funding led by TenOneTen Ventures, with participation from Alpha Edison, Maven, and other angel investors. Funds will be used to hire technical talent, expand the company’s roster of personal trainers, and for marketing and customer acquisition.
Run Show Boston Adds To Speaker Line-Up
The inaugural Run Show USA event, scheduled January 29-30, 2022,at Boston’s Hynes Convention Center, added Joe De Sena, Dave McGillivray and Chris Kostman to its roster of speakers.
Supreme Design Director Joins J. Crew
J.Crew Group appointed Brendon Babenzien, co-founder of Noah and former design director at Supreme, as creative director for J.Crew Men’s.
Nikwax Makes New Hires To Broaden Marketing And Retailer Support
Nikwax announced new hires accompanying its recent North American headquarters move.
Report: Authentic Brands Group Makes $1 Billion Bid For Reebok
Authentic Brands Group (ABG) last week submitted an offer of around $1 billion to acquire Reebok from Adidas, according to the New York Post. ABG reportedly plans to partner with Wolverine World Wide, the parent of Saucony, Merrell and Sperry, on the bid.
Saks.com Raises $465 Million
Saks.com LLC, the recently spun-off online operations of Saks Fifth Avenue, has closed on a syndicated $350 million asset-based five-year revolving credit facility arranged by Bank of America, N.A., and a $115 million senior secured term loan arranged by Pathlight Capital LP.
Topps Appoints General Manager, International Sports And Entertainment
The Topps Company announced the appointment of Mark Catlin as general manager, International Sports and Entertainment. Catlin, currently the CEO of Portsmouth Football Club, will assume his new role effective June 1 and will report to the global manager of Sports and Entertainment David Leiner.
RILA Calls For Consistent Mask Guidance
The Retail Industry Leaders Association (RILA) issued a statement calling on state and local governments to coordinate to reduce conflicting guidelines around mask mandates. The statement came after the CDC last week said fully vaccinated people no longer had to wear masks in most settings.
Burlington Stores Exec To Lead Tuesday Morning
Tuesday Morning announced that Fred Hand, formerly chief operating officer of Burlington Stores, has been named chief executive officer and a member of the Board of Directors, effective May 17.
Play It Again Sports Parent Announces Run-off Of Leasing Portfolio
Winmark Corp, the parent of Play It Again Sports, announced that it would no longer solicit new leasing customers and would pursue an orderly run-off for its middle-market leasing portfolio.
Western Mountain Lodging Finishes Winter Season On Strong Note
A late-season surge increased visits to enable participating properties in Western mountain destinations to reach an aggregated 102.3 percent of the total actual room nights booked for the entire last winter, according to Inntopia’s DestiMetrics tracking service. However, daily rates weren’t strong enough to offset more than a month of lost nights.
Topgolf To Open Location In Baltimore
Topgolf Entertainment Group plans to open its first location serving the Baltimore community in 2022. Topgolf Baltimore will be the third serving the state of Maryland, joining Topgolf Germantown and Topgolf National Harbor.
L.L.Bean Announces New Charitable Partners
L.L.Bean announced plans to continue investing in a range of organizations and initiatives focused on supporting local communities and increasing outdoor access for all.
April Retail Sales Hold Mostly Steady From March
Retail sales were virtually unchanged from their strong performance a month before and grew dramatically year-over-year in April as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020, according to the National Retail Federation.
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