Renfro’s Debt Downgraded By S&P

S&P lowered its debt rating on U.S. sock manufacturer Renfro Corp. after finding a recent financial transaction tantamount to a default on its existing term loan.

Hibbett Sports Seeing Comps Surge In Q2

Hibbett Sports said it expects same-store sales to catapult in excess of 70 percent in the second quarter ended August 1, boosted by pent-up demand, stimulus checks and temporary and permanent store closures from competitors.

SDSI Expands And Lifts Geographic Limitations

San Diego Sport Innovators (SDSI), the nonprofit that has traditionally supported the Southern California’s sports and active lifestyle (SAL) economy, has lifted geographic limitations and now offers Active Lifestyle business expertise to any company in the SAL Industry.

Hudson’s Bay CFO To Depart

Hudson’s Bay Co., the parent of Saks Fifth Avenue and the Canadian retailer Hudson’s Bay, said Ed Record, its CFO, is leaving the company. The exit follows a deal to take the company private in March and the departure of its CEO, Helena Foulkesleft, soon thereafter.

NRF Welcomes Healthy Workplace Tax Credit

The National Retail Federation welcomed legislation introduced that would give businesses a tax credit intended to help defer the cost of employee testing, personal protective equipment, cleaning, and other steps needed to make workplaces safe during the coronavirus pandemic.