Moody’s Investors Service downgraded Wahoo Fitness Acquisition, LLC, reflecting the bike training manufacturer’s “material underperformance” relative to Moody’s previous expectations and the elevated risk of default.
Category: Outdoor
American Outdoor Brands Files Infringement Complaint Against GSM
American Outdoor Brands, Inc., on September 23, filed a complaint against Good Sportsman Marketing, LLC (GSM), alleging that GSM’s use of the Lead Sled, Tackdriver and Dead Shot marks constitutes trademark counterfeiting and trademark infringement.
REI Hires Vice President, Physical Stores And Retail Operations
REI Co-op hired Mary-Farrell Tarbox, effective October 24, as vice president, physical stores and retail operations.
Chums Makes Marketing Hires
Chums said it hired Ben Falkson as marketing director and that Maddy Garfolo had taken on the newly created marketing manager role.
Sea To Summit Partners With Adventure Labworks To Represent Brand
Sea to Summit, the manufacturer of omni-terrain outdoor gear headquartered in Western Australia, hired Adventure Labworks to represent the brand effective immediately.
Colt CZ Group Acquires Remaining Stake in Spuhr I Dalby
Colt CZ Group SE announced that it finalized the acquisition of the remaining 75 percent stake in its Swedish subsidiary Spuhr i Dalby AB.
Moody’s Changes VF Corp.’s Debt Rating Outlook To Negative
Moody’s Investors Service changed VF Corp.’s outlook to negative from stable, reflecting the company’s weaker-than-expected near-term operating performance expectations, increasingly challenging operating environment and higher-than-expected debt levels.
Year-Over-Year Retail Sales Growth Continues In September
The U.S. Census Bureau said overall retail sales in September were unchanged from August but up 8.2 percent year-over-year. That compared with increases of 0.4 percent month-over-month and 9.4 percent year-over-year in August.
Vuori Opens East Coast Flagship In New York City
Vuori has opened its first New York City flagship. The store, located in SoHo at 106 Spring Street, is the brand’s first East Coast flagship.
Jack Wolfskin Hires Director Of Sales, South Europe & New Markets
German outdoor apparel, footwear and equipment brand Jack Wolfskin announced it hired Massimo Carnelli as director of sales, South Europe and New Markets.
Recall: Ancheer E-bikes
About 22,000 Ancheer E-bikes are being recalled.
Recall: Scuba Buoyancy Compensator Devices
About 1,350 Scuba Buoyancy Compensator Devices (BCDs) with LP inflator hose from Cressi-Sub USA are being recalled.
Thule Warns Of Lower Profits As Bike Market Weakens
Thule quantified its September announcement that the excess of inventory in Europe and North America would negatively impact its top line. Third-quarter sales are expected to decline 25 percent.
Snow Peak USA Announces New Leadership Structure
Snow Peak, the outdoor lifestyle brand based in Portland, OR, announced new leadership, including naming Noah Reis as vice president and chief operating officer, Snow Peak USA; Matt Liddle assumes the role of chief futures officer; and Yuichi Uchida was named chief brand officer.
Alterra Mountain’s Debt Ratings Upgraded
S&P Global Ratings raised its issuer credit rating on Alterra Mountain Co. to ‘B+’ from ‘B’ due to its improving leverage. S&P said it believes Alterra Mountain Co. will be able to sustain total leverage well below 6x even though S&P’S baseline assumption is for the U.S. economy to enter a shallow recession in early 2023.
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