Moody’s Investors Service changed VF Corporation’s outlook to negative from stable, reflecting the effects of the unfavorable tax appeal ruling related to the company’s Timberland acquisition in 2011 and the continued risk associated with the turnaround of Vans.
Category: Apparel
Academy Sports Principal Accounting Officer to Depart
Academy Sports and Outdoors, Inc. said in a regulatory filing that Heather Davis, SVP, accounting, treasury and tax (principal accounting officer) is leaving the company to pursue a new opportunity, effective September 29.
Rossignol Continues To Grow Nordic Division
Rossignol Group promoted Jeff Courter, previous Nordic category manager for North America, to global technical product manager for the Nordic division as part of a number of promotions and additions to the division.
EXEC: Chairman of BDE’s Parent Makes Bid To Acquire Its Ammo Business
Clarus Corp.’s executive chairman, the largest shareholder, Warren Kanders, submitted a non-binding bid to acquire the company’s Precision Sports segment, which includes Sierra Bullets and Barnes Bullets brands, for $160 million.
Macy’s, Inc. to Hire for More Than 38,000 Seasonal Positions
Macy’s, Inc. reported plans to hire more than 38,000 full- and part-time seasonal workers for the upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores and distribution centers, consistent with open positions in 2022.
Rally House Sets Plans to Open Six Stores
Rally House announced plans to open six stores this fall in Missouri, Michigan, Indiana, Ohio and Kentucky.
Puma Extends Scuderia Ferrari Partnership
In the coming years Puma will also continue to be the licensing partner for Ferrari-branded products and the supplier of F1 team and race wear for Ferrari and will become its premium partner starting in 2024.
Lands’ End Names CFO
Lands’ End, Inc. announced that Bernard McCracken, the company’s interim CFO since January 2023 and chief accounting officer since April 2014, was named chief financial officer.
Pure Hockey To Open Second Store in Virginia
The new store is scheduled to open in Springfield, VA, with a grand opening event scheduled for October 14..
Dick’s Sporting Goods Appoints BJ’s Chairman to Board of Directors
New director Bob Eddy has served as president and CEO of BJ’s since April 2021. He was appointed chairman in June 2023 and has served on the company’s Board of Directors since 2021. Dick’s Sporting Goods Board expanded to 12 directors.
Fjällräven Opens First Retail Store in Montana
Fjällräven expanded its global retail footprint with a new brand store in Bozeman, MT, its first in the state, that opened on September 2.
Asics Corp. Appoints New Chairman & CEO and New President & COO
The Asics Corporation Board of Directors appointed a new president and reappointed other current top executives to posts other than their current roles.
Westminster College Partners with Nike/BSN Sports
Westminster College, based in New Wilmington, PA, established a product supply agreement with Nike and BSN Sports.
Foot Locker’s Debt Ratings Lowered by S&P
S&P Global Ratings downgraded the debt ratings of Foot Locker, Inc. following the sneaker giant’s report of weaker-than-expected second-quarter earnings amid elevated promotional activity and weak consumer demand.
POC Appoints Cycling Industry Vet as New CEO
POC, based in Sweden, has appointed Derek Bouchard-Hall as CEO. Before joining the helmets, eyewear, protection, and apparel manufacturer, Bouchard-Hall was CEO of Assos, president and CEO of USA Cycling and the director of International at Wiggle.
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