Vista Outdoor Announces Leadership Transition

Vista Outdoor Inc. announced today that chairman and CEO Mark DeYoung is retiring from the company and the board of directors, effective immediately. Michael Callahan, Vista Outdoor’s lead independent director, has been named interim chairman and CEO.

Foot Locker Loses Appeal In Pension Dispute

Foot Locker Inc. has to pay higher pension benefits to correct payouts related to the conversion of the company’s pension plan in 1996 to a defined benefit plan with a cash balance formula. A federal appeals court ruled that the retirement plan change that amounted to an impermissible and undisclosed benefit freeze, according to Bloomberg. […]

Cherokee Shares Tumble On Q1 Loss, Covenant Violation

Shares of Cherokee Global Brands were trading down $2.85, or 37 percent, to $4.90 in mid-day trading Friday after the company reported a surprise first-quarter loss and said it was seeking amendments to comply with certain covenants in its credit facility.