REI Co-op announced it will complete a 14-year commitment to be carbon neutral in its operations in 2020 and launched an ambitious new climate platform that will see the co-op more than halve its carbon footprint over the next decade – even as the company anticipates future growth in size and revenue.
Category: Footwear
Boardriders’ Debt Ratings Upgraded By S&P
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element brands, saw its debt ratings upgraded by S&P Global Ratings as the company recently completed a transaction to provide needed liquidity. The issuer credit rating was raised to ‘CCC’ from ‘SD’, which reflects an updated view of the company’s still distressed credit risk.
Bass Pro Extends Partnership With Toyota
Toyota and partner Bass Pro Shops and Cabela’s announce the renewal of a longstanding partnership for an additional five years, which will lead the brands into 20 years of collaboration together.
Canada Goose Earns B1 CFR Debt Rating From Moody’s
Moody’s Investors Service assigned first time ratings to Canada Goose Inc., consisting of a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to its proposed $300 million senior secured first-lien term loan B due in 2027, and an SGL-1 speculative grade liquidity rating. The outlook is stable.
Crocs Appoints Board Member
Crocs Inc. announced that Charisse Ford Hughes has been appointed to its board of directors effective October 1, 2020.
Puma Appoints General Manager EEMEA Distribution; Head Of Corporate Strategy
Puma appointed Johan Kuhlo, currently head of corporate strategy and investor relations, as general manager EEMEA Distribution with immediate effect.
Adidas Renews Partnership With Huston-Tillotson
Adidas signed a new four-year partnership with Huston-Tillotson in Flower Mound, TX.
Academy Sports And Outdoors Sets IPO Range
Academy Sports and Outdoors late Wednesday set its initial public offering terms, hoping to raise $250 million from the sale of 15.625 million shares between $15 and $17 a share.
Kathmandu’s 2020 Sales Boosted By Rip Curl
Kathmandu Holdings Limited reported group sales were up 48.7 percent in the 12 months ended July 31, boosted by nine-month ownership of Rip Curl.
TOCA Football Confirms $15 Million In New Funding; Appoints Board Members
TOCA Football, Inc., the soccer-focused and technology-enabled experience company, has appointed Abby Wambach and Richelle Parham to its Board of Directors. The platform also recently secured $15 million in a new financing facility.
Goat Group Raises $100 Million To Further Accelerate Growth
Goat Group, the online marketplace for sneakerheads, closed a Series E funding round of $100 million from D1 Capital Partners.
Founded in 2015 as a sneaker re-seller, the company has expanded into apparel and accessories from select emerging, contemporary brands.
Nike’s Q1 Earnings Blow Past Estimates
Nike Inc. reported sales were down 1 percent in the first quarter ended August 31 but topped Wall Street’s targets as digital growth grew 82 percent. Earnings were up 10 percent and far ahead of analyst estimates.
CODI To Acquire BOA Technology
Compass Diversified (CODI) entered into a definitive agreement to acquire BOA Technology Inc. (BOA), manufacturer of the Boa Fit System for $454 million. The purchase price excludes working capital and certain other adjustments upon closing.
Asics Supports Tennis Coaching Community With Virtual Academy
Asics EMEA announced the launch of the Asics Tennis Academy, a virtual community platform that gives tennis coaches access to advice and training from industry experts.
Footwear Sales Drop In August, Reports NPD
Total footwear U.S. sales for August declined 18 percent year-over-year. The decline was attributed to the end of stimulus checks, virus spikes in parts of the country and delayed back-to-school selling.
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