SGB Footwear

Amer Sports’ Debt Ratings Upgraded

Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.

Nordstrom’s Q4 Earnings Top Estimate, To Exit Canada

Nordstrom reported earnings in the fourth quarter topped Wall Street’s guidance despite aggressive markdowns to clear inventories while providing an upbeat outlook for the current year. The retailer also announced the wind-down of its Canadian business.

Hibbett Rolls Out Returns Service

Hibbett, Inc. added Happy Returns’ Return Bars in its more than 1,100 Hibbett and City Gear specialty stores nationwide. Through the service, customers can make returns from hundreds of online retailers at Hibbett and City Gear stores in 36 states.

Nisolo Opens Retail Store In Boston

Nisolo opened its newest storefront in Boston’s Back Bay neighborhood, carrying its ethically made shoes and accessories, affixed with the brand’s open-source sustainability facts label.

Macy’s Sees Q4 Earnings Fly Past Analyst Targets

Macy’s Inc. reported fourth-quarter earnings were down year over year, but easily surpassed Wall Street targets while giving upbeat guidance for 2023. Macy’s attributed the strong performance to inventory disciplines and a focus on gift-giving categories.