Moody's Investors Service affirmed Newell Brands Inc.'s debt ratings. The affirmation reflects Newell's large scale and good operating performance arising from sustained organic growth and sound operating profit margins, even during the current inflationary period. (Read More)
Movement Climbing, Yoga, and Fitness, the operator of climbing gyms, appointed Jeremy Levitt as its new chief executive officer. (Read More)
Linus announced that NORU XPLR Inc. is now the exclusive authorized distributor of Linus Bike products for Canada. (Read More)
Target Corp. reported a steep decline in earnings due to planned markdowns to support the chain's inventory reduction efforts. Total sales grew 3.3 percent due to steady traffic growth on top of unprecedented increases over the last two years. The discounter maintained its guidance for the year. (Read More)
Murf Electric Bikes hired Ally Losness as marketing director, bringing over a decade of brand launch and growth experience to the position. (Read More)
Hudson's Bay and Mountain Equipment Company (MEC) announced the launch of MEC shop-in-shops in three Hudson's Bay GTA locations, including Yorkdale and Square One Shopping Centres and its flagship store on Queen Street in Toronto. (Read More)
Signa Sports United N.V. (SSU) reported sales in its third quarter ended June 30 grew 29 percent, boosted by the full contribution of recently acquired businesses WiggleCRC and Tennis Express. The Berlin-based online platform reduced its guidance for the year due to continued supply chain challenges and weaker consumer spending. (Read More)
Academy Sports + Outdoors announced the opening of its first Richmond, VA. The 58,075-square-foot store is located at 11861 W. Broad Street in The Corner at Short Pump. (Read More)
Alterra Mountain Company expanded its Social Responsibility team, focused on the company's three pillars of Sustainability, DEI and Community. (Read More)
Swiss running brand On raised its earnings and sales guidance for the year after reporting quarterly results again exceeded expectations. Sales in the second quarter climbed 66.6 percent, driven by strong wholesale growth of 70.1 percent, DTC growth of 60.8 percent and continued momentum in the North America region, growing at 102.5 percent. (Read More)
