PrairieFire completed its acquisition of Front Sight from Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court approved the plan to purchase the business on November 29, 2022, and the sale closed on December 2, 2022.
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3Step Sports Acquires North Pacific Juniors Volleyball Club
3Step Sports reported it acquired the North Pacific Juniors Volleyball Club (NPJ) to its volleyball organization as it expands into the Pacific Northwest.
EXEC: VF’s Shares Take Hit On CEO Exit, Guidance Cut
Shares of VF Corp. fell about 11 percent on Monday following the news of Steve Rendle’s retirement as CEO. His exit was a surprise but not a shock to Wall Street analysts, given VF’s underperformance, led by Vans, in recent years. More worrisome was VF’s third guidance reduction in the last three months.
Steve Rendle Retires As VF Corp.’s CEO
VF Corp. reported Chairman, President and CEO Steve Rendle is retiring. Benno Dorer, a lead independent director of the VF Board, was named interim president and CEO, effective immediately. VF also again lowered its revenue and earnings expectations for the second half of its fiscal year.
Athleta Opens Fourth Store In New York City
Athleta, a Gap, Inc. brand, opened its fourth store in Manhattan’s SoHo neighborhood. The 5,000-square-foot space at 594 Broadway is the brand’s 35th new store opening in 2022.
Wolverine’s Debt Ratings Outlook Downgraded To Negative
Moody’s Investors Service changed Wolverine World Wide, Inc.’s debt-ratings outlook to negative from stable. The change in outlook to negative from stable reflects the risk that leverage may remain elevated for a prolonged period given the more promotional retail environment, lower consumer discretionary spending, and unfavorable foreign currency trends.
Callaway Golf Extends Partnership With FCG Tour
Callaway Golf extended its sponsorship with the Future Champions Golf (FCG) Tour for its 2023 tournament program.
Urban Outfitters President Exits
Urban Outfitters, Inc. reported that Francis Pierrel, president, Urban Outfitters Group, had left the company.
Salt Life To Open New Doors
Delta Apparel, Inc. reported plans to open four Salt Life stores in early 2023. In Florida, Salt Life Pembroke Pines will open in January 2023, with Salt Life Pompano Beach and Salt Life Viera following shortly after that. In New Jersey, Salt Life Long Branch will open in the early spring of 2023.
Pressio Launches In The U.S.
Pressio, a technical apparel company, reported officially launching its business in the U.S. The U.K.-based sustainable performance sportswear company was founded in 2021 by Jamie Hunt, a textile engineer and fabric designer with over 20 years of experience. Between 2005 and 2018, Hunt co-founded, built and sold the 2XU athletic clothing brand. As a former […]
Pressio Launches In The U.S.
Pressio, a technical apparel company, reported officially launching its business in the U.S. The U.K.-based sustainable performance sportswear company was founded in 2021 by Jamie Hunt, a textile engineer and fabric designer with over 20 years of experience. Between 2005 and 2018, Hunt co-founded, built and sold the 2XU athletic clothing brand. As a former […]
Wintersteiger Renews Athlete Partnership
Wintersteiger, the ski and snowboard service solution provided, reported it renewed its partnership for the 2022/23 ski season with Ryan Cochran-Siegle, a Stifel U.S. Ski and Snowboard Alpine Team top male athlete. Cochran-Siegle was new to the company’s athlete roster last season. Last season Cochran-Siegle finished with two Top 10 world rankings and a silver […]
Wintersteiger Renews Athlete Partnership
Wintersteiger, the ski and snowboard service solution provided, reported it renewed its partnership for the 2022/23 ski season with Ryan Cochran-Siegle, a Stifel U.S. Ski and Snowboard Alpine Team top male athlete. Cochran-Siegle was new to the company’s athlete roster last season. Last season Cochran-Siegle finished with two Top 10 world rankings and a silver […]
Ibex Extends Sales Representation Across Pacific Northwest And Central U.S.
Ibex reported that it hired PlayNorthwest to represent the brand in the Pacific Northwest, while Split Rock Sales will cover the Central U.S.
EXEC: Duluth Trading Axes Guidance On Softening Sales
Duluth Holdings, Inc., the parent of Duluth Trading, returned to growth in the third quarter on an encouraging response to its updated brand positioning. However, more value-conscious customers have led to a recent deceleration in sales, prompting the company to reduce its outlook for the year.
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