Belk, its major lenders and the private equity firm Sycamore Partners are nearing a deal to restructure the department store’s debt outside of bankruptcy proceedings, according to a Wall Street Journal report.
Category: Outdoor
Lululemon Ranks Eighth On Glassdoor’s Best Places To Work List List
Lululemon Athletica was the only company in the active lifestyle space to land in the Top 10 of Glassdoor’s Annual Ranking of the 100 Best Places To Work in the U.S., coming in at No. 8. Other companies in the industry landing on the list include Vans, 36; REI, 48; and Nike, 49.
Hari Mari Appoints New President
Hari Mari appointed Jake Szczepanski its new president. Szczepanski previously co-founded and served as CEO of menswear and womenswear label Billy Reid for 13 years.
Pentland Brands Appoints Its First Positive Business Director
Pentland Brands Limited has announced the appointment of Sara Brennan as its first positive business director.
Blackbird Products Group Acquires American Buffalo Knife And Tool
Blackbird Products Group, LLC, parent company of Mammoth Coolers and Mammoth PPE Products, announced it has acquired American Buffalo Knife and Tool (ABKT).
Ebay Appoints VP Of Fashion
Ebay has appointed Charis Márquez, formerly VP for sales effectiveness at Levi Strauss & Co., to the newly created role of vice president of fashion.
Report: Birkenstock Exploring Sale To CVC Capital
Birkenstock is in discussions to be acquired by CVC Capital Partners, according to a report from Bloomberg, The sale reportedly could value the nearly 250-year-old brand at $4.8 billion, including debt.
VF Corp. Launches Enhanced Product Traceability Mapping Data
VF Corp. enhanced its traceability mapping program by disclosing Tier 1 through Tier 4 suppliers. The company said offering supply chain visibility through Tier 4 suppliers demonstrates its commitment to continuous improvement and increased transparency outlined in its corporate sustainability and responsibility strategy, Made for Change.
Brand Machine Group Acquires Penfield
Global licensing specialists Brand Machine Group (BMG) has acquired U.S. outdoor brand Penfield.
Retail Sales Drop In December For Third Straight Month
Retail sales, excluding automobiles and gas, slid 0.7 percent in December compared to November, according to the Commerce Department, as a surge in coronavirus cases kept consumers away from stores during the critical holiday shopping season.
Play It Again Sports Parent Appoints New Board Member
Winmark Corp., the parent of Play It Again Sports, named Gina De Caro Sprenger to its Board of Directors. Currently, Sprenger is the chief strategic retail officer for Fanatics.
Vail Resorts Sees 17 Percent Drop In Season-To-Date Skier Visits
Vail Resorts reported season-to-date total skier visits were down 16.6 percent compared to the prior year season-to-date period. Season-to-date total lift ticket revenue, including an allocated portion of season pass revenue for each applicable period, was down 20.9 percent.
Stock+Field Closing All Locations
Stock+Field, the farm supply and outdoor department store, has filed for bankruptcy and is closing all 25 of its locations.
Anta Sports’ Q4 Sales Gains Led by Fila, Other Brands
Anta Sports reported modest retail sales gains for its flagship Anta brand in the fourth quarter while strong double-digit gains were seen by Fila and its other brands ((Descente, Kolon Sport, Sprandi, and Kingkow).
Bern Helmets Announces Expanded Team, New Headquarters
Bern Helmets announced an expanded leadership team and a growth plan leveraging the burgeoning outdoor and micro-mobility trends. Founder Dennis Leedom, with Adam Godwin, chief financial officer, will lead a team of veteran action sports professionals from its new headquarters in Cordage Commerce Center, a renovated industrial park.
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