Footwear Financial

Champs Sports Introduces Women’s Concept

Champs Sports, which is owned by Foot Locker Inc., has created an in-store shop concept called Champ Sports Women offering lifestyle-inspired footwear, apparel and accessories, with an emphasis on an active, healthy lifestyle, according to a report from Women's Wear Daily. (Read More)

Citi Trends’ CEO To Depart

Citi Trends, Inc. announced chief executive officer Bruce Smith has decided to resign from his position as CEO. However, in order to provide for an orderly transition, Smith has agreed to continue to serve as CEO until the earlier of when his successor is in place or February 1, 2020. (Read More)

Moody’s Maintains Foot Locker’s Ba1 Rating

Moody's maintained Foot Locker's Ba1 corporate family rating after a periodic review. The rating agency noted the retailer’s "solid credit metrics and low level of funded debt, well-recognized brand names, meaningful scale, geographic diversification, and very good liquidity." (Read More)

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