Apparel Financial

Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan

Mar 20, 2023SGB Updates

Foot Locker, Inc. reported fourth-quarter earnings below year-ago levels, but sales and earnings were ahead of Wall Street estimates. The sneaker retailing giant forecasted same-store sales would fall 3.5 percent to 5.5 percent; however, today, during its Investor Day conference, Foot Locker said it would outline a new long-term growth strategy that calls for same-store growth between 3 percent to 4 percent from fiscal years 2024 through 2026 and significantly higher EPS growth. (Read More)

Moody’s Upgrades Hanesbrands’ Speculative Grade Liquidity Rating

Mar 17, 2023SGB Updates

Moody's Investors Service upgraded Hanesbrands, Inc.'s speculative grade liquidity rating (SGL) to SGL-2 from SGL-3 to reflect Hanesbrands' improvement in liquidity as it has addressed all of its 2024 debt maturities. (Read More)

REI Names Chief Merchant, Chief People Officer, Co-Op Brands VP

Mar 17, 2023SGB Updates

REI Co-op hired Apple Musni as chief people officer, effective March 20. The company also promoted Chris Speyer to senior vice president and chief merchandising officer and Isabelle Portilla to vice president, Co-op Brands, effective immediately. (Read More)

Start 2 Finish Acquires Fleet Feet Race Productions

Mar 17, 2023SGB Updates

Start 2 Finish Event Management, with offices in Atlanta, GA; Charlotte, NC; and Memphis, TN, reported it had acquired the Race Productions division of Fleet Feet St. Louis to expand its reach in the Midwest and further establish itself in the event management industry. (Read More)

Topgolf Callaway Brands Completes Debt Refinancing

Mar 17, 2023SGB Updates

Topgolf Callaway Brands Corp. completed a series of related transactions in support of a comprehensive plan to refinance its capital structure. Through these transactions, the company simplified and unified its financial reporting, extended its debt maturities, and improved liquidity. (Read More)

Wolverine Worldwide Announces New Board Chairman And Directors

Mar 17, 2023SGB Updates

Wolverine World Wide, Inc. reported today that its Chairman and retired CEO, Blake Krueger, will retire from the Board on May 4. Tom Long, the Board's lead independent director, will assume the role of Chairman on May 4. The company also elected three new board members—Stacia Andersen, Jodi Bricker and DeMonty Price. (Read More)

361 Degrees Posts 17 Percent Revenues Growth In 2022

Mar 17, 2023SGB Updates

Hong Kong-based 361 Degrees International Ltd. reported earnings grew 24.2 percent in the year ended December 31 as sales expanded 17.3 percent. (Read More)

National Ski & Snowboard Retailers Association Selects New Board Leadership

Mar 16, 2023SGB Updates

The National Ski & Snowboard Retailers Association (NSSRA), at its Board of Directors meeting on March 9, appointed Tracy Gibbons of Sturtevant’s (Bellevue, WA) as Chair, Robb Shepherd of Shepherd & Schaller Sporting Goods (Wausau, WI) as vice chair and Jon Morrill of Kittery Trading Post (Kittery, ME) as secretary/treasurer. (Read More)

Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan

Moody’s Upgrades Hanesbrands’ Speculative Grade Liquidity Rating

REI Names Chief Merchant, Chief People Officer, Co-Op Brands VP

Start 2 Finish Acquires Fleet Feet Race Productions

Topgolf Callaway Brands Completes Debt Refinancing

Wolverine Worldwide Announces New Board Chairman And Directors

361 Degrees Posts 17 Percent Revenues Growth In 2022

National Ski & Snowboard Retailers Association Selects New Board Leadership

Latest SGB Today Stories

Post Your Product Stories Here

Pin It on Pinterest