Under Armour’s Debt Ratings Outlook Upgraded

S&P Global Ratings raised its debt outlook for Under Armour Inc. to Stable From Negative. S&P said Under Armour’s strong first-quarter results “indicate its financial metrics are improving amid the coronavirus pandemic.”

Champion Aiming To Become $3 Billion Brand By 2024

HanesBrands Inc. unveiled Full Potential, a three-year growth plan designed to drive approximately $1.2 billion in incremental revenue and expand operating margins to 14.3 percent by 2024. The plan calls for Champion to become a $3 billion global brand by 2024, up from projected 2021 sales of approximately $2 billion.

Academy Sports Appoints Board Member

Academy Sports and Outdoors Inc. announced the appointments of Beryl B. Raff to its Board of Directors and Compensation Committee and Wendy A. Beck, currently a member of the Board and its Audit Committee, as a member and chairperson of the Nominating & Governance Committee.

Retail Cargo Imports Set New Record As Economy Recovers

Imports at retail container ports hit a new record this spring and volume during the first half of 2021 is expected to be a third higher than last year as the economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released by the National Retail Federation.

JD Sports Announces Board Change

JD Sports Fashion Plc announced that Andy Rubin has stepped down from the Board as a Non-Executive Director, effective May 6. Andy Rubin will be replaced by Andy Long, former CEO of Pentland Brands.