S&P Global Ratings downgraded the debt ratings on Wolverine World Wide, Inc., citing the footwear company’s weakened operating performance over the past few quarters.
Category: Sports/Fitness
SkyTrak Hires VP, Business Development
SkyTrak, the maker of indoor gold launch monitors, hired Dave Pauley as vice president of business development.
Nike To Close Store In Downtown Seattle
The Nike store in downtown Seattle, WA, first opened in 1996 at Sixth Avenue and Pike Street, is closing on January 19.
Anta Sports Makes Big Moves With Senior Management Team
Anta Sports made personnel moves to align the company’s management structure with its strategic direction and to enhance corporate governance.
U.S. Association Of Blind Athletes Names Director Sport Performance
The U.S. Association of Blind Athletes hired Amanda Duke Boulet as director of sport performance, a new position within the organization.
Salomon And Hoka Top StockX List Of Growth Brands In 2022
StockX released its annual report, Big Facts: Current Culture Index, noting that it surpassed 1.5 million lifetime sellers, 12 million lifetime buyers, and 40 million lifetime trades in 2022.
Authentic Brands Group Hires CFO
Authentic Brands Group named Jessica Holscott as chief financial officer. She succeeds Kevin Clarke, founding partner, who has taken a new role as executive vice chairman.
NRF: Holiday Sales Climb 5.3 Percent, Just Below Forecast
Retail sales during the November/December 2022 holiday season grew 5.3 percent over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high-interest rates.
Wahoo Fitness’ Debt Ratings Lowered On Potential Default
S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall.
TaylorMade And Tiger Backing New Golf Entertainment Company
TaylorMade Golf made a “material investment” in PopStroke, a putting and dining venue backed by Tiger Woods.
PXG Opens First New York-Based Retail And Fitting Store
PXG opened its first New York-based retail store in Westchester.
Srixon/Cleveland Golf Partners With Arccos Golf
Srixon and Cleveland Golf reported a new partnership with Arccos, the maker of automatic shot tracking, data and artificial intelligence for golf.
Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most
The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.
Peloton Hires Chief Marketing Officer
Peloton named Leslie Berland as chief marketing officer effective January 18, 2023.
Big 5 Posts Double-Digit Comp Decline in Q4, Guides EPS Lower
Big 5 Sporting Goods Corp. said sales in the fourth quarter ended January 1 came in slightly lower than expectations and the retailer expects earnings for the period to come at or near the low end of its prior guidance range.
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