Footwear Product

Moody’s Affirms Tom’s Rating, Lowers Outlook

Moody's Investors Service affirmed Toms Shoes, LLC's Caa3 Corporate Family Rating ("CFR") and Caa3 senior secured first lien term loan rating. Concurrently, Moody's downgraded the company's Probability of Default Rating ("PDR") to Caa3-PD from Caa2-PD. The outlook was changed to stable from negative. (Read More)

Shoe Carnival Q1 Earnings Climb 7 Percent

Shoe Carnival Q1 Earnings Climb 7 Percent

Shoe Carnival Inc. reported earnings rose 7.1 percent in the first quarter to $13.9 million, or 91 cents a share. Comps in the quarter dipped 0.2 percent due to the later tax refund season as well as inclement weather impacting February, but the combined months of March and April increased 3.6 percent. (Read More)

Avenatti Indicted In Nike Extortion Case

Avenatti Indicted In Nike Extortion Case

Controversial lawyer Michael Avenatti was charged with trying to extort Nike out of more than $20 million dollars by threatening to go public with claims the company was facilitating payments to the families of high school basketball stars. Avenatti separately was charged with stealing about $300,000 from his former porn star client Stormy Daniels. (Read More)

OIA Skip Yowell Future Leadership Academy Announces Capstone Projects

Outdoor Industry Association (OIA) announced capstone projects for Class 4 of the Skip Yowell Future Leadership Academy (FLA), an immersive leadership experience for the next generation of outdoor industry game-changers. This year’s class includes 35 driven emerging leaders from REI, Yakima, Pacific Crest Trail Association, Backcountry.com, The North Face, Outdoor Research, Burley and others. (Read More)

Urban Outfitters’ Q1 Pulled Down By Margin Pressures

Urban Outfitters Inc. reported earnings in the first quarter declined 21,0 percent to $32.6 million, or 31 cents a share as gross margins were hurt by underperforming women’s apparel at the Anthropologie and Urban Outfitters brands. Earnings surpassed Wall Street's target of 26 cents. (Read More)

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