The resulting capital structure is expected to meaningfully benefit the company, with estimated interest savings of $30 million through 2020 and more flexibility as a result of more favorable terms for use of cash.
Category: Apparel
VF Corp. Eurobond Issue Fetches A3 Rating
Moody’s Investors Service assigned a provisional A3 rating to €850 million in unsecured notes VF Corp. wants to sell, citing a record of sustained organic growth.
RetailNext Forecasts 3.2 Percent Holiday Growth For Retail
RetailNext Inc. predicted a 3.2 percent year-over-year lift in sales at retail over the November through December holiday period, driven partly by a 14.9 percent increase in sales through digital channels.
OIA Names Jeremy Town VP Of Finance And Operations
Outdoor Industry Association (OIA), an outdoor recreation industry trade association, stated that Jeremy Town joined the organization as vice president of finance and operations. Most recently serving as director of finance and corporate development with Gaiam, Town will be part of OIA’s executive team in their Boulder, CO office. “Jeremy brings a wealth of finance […]
Stormy Kromer Partners With Duluth Pack On Capsule
The Midwest-based companies partnered to produce a capsule collection consisting of two bags, a cap and mitts.
Saks Off 5th Opens In Springfield, VA
The new two-level 30,000-square-foot location will offer a discounted selection of popular brands.
Alexander Wang Brings Adidas To Fashion Week
Directly following Alexander Wang’s New York Fashion Show runway on September 10, where he debuted a collaboration with Adidas Originals, the sportswear brand was quick to share more consumer-facing news about the partnership line via its Twitter @adidasoriginals and Tumblr adidasoriginals.tumblr.com.
NFL Launches $100 Million Concussion Initiative
The NFL says it’s committing $60 million towards developing technology such as improved helmets and an additional $40 million over the next five years towards medical research, primarily neuroscience, as part of a new player health and safety initiative.
PHIT America And SFIA Award Go! Grants
Personal Health Investment Today (PHIT) America and the Sports & Fitness Industry Association (SFIA) will award 118 Go! Grants to school-based physical activity programs in 29 states throughout the U.S.
Duluth Holdings CEO To Cut Ribbons In Chicago
Stephanie Pugliese will travel to Chicago Thursday to cut ribbons at two Duluth Trading Company stores in the Windy City over the next two days.
Golfsmith Blames Bankruptcy In Part On Tiger Woods
The retailer struggled with larger store formats, the recession, a shift to online shopping and the descent from stardom of one of golf’s greatest players.
Golfsmith To Restructure In Bankruptcy Proceedings, Agrees To Sell Golf Town
The Chapter 11 reorganization is designed to support a sale of the Canadian-based business of Golf Town and a debt recapitalization of the U.S.-based business of Golfsmith.
Callaway And Taylormade Top Golfsmith’s Unsecured Creditors List
The list of the 30 top unsecured creditors in the Golfsmith International Holdings bankruptcy case was led by Callaway Golf, owed $5.5 million, followed by TaylorMade Golf at $5.1 million and Nike USA at $3.5 million.
Sessions MFG Releases First Outerwear Line Since 2012
The snowboarding retailer, which reappeared in December 2015, released its first full line of outerwear available to the public since 2012.
Russell Athletic Fight Like Dylan Award Entries Now Open
The award honors high school teams that have demonstrated inspiring determination and perseverance of teamwork through sports.
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