SGB Sports & Fitness

SGB Update

Next Level Apparel’s Debt Ratings Downgraded by Moody’s

Moody’s lowered the debt ratings of YS Garments LLC, doing business as Next Level Apparel due to refinance risk associated the Torrance, CA-based clothing company’s revolver due February 2026 and its term loan due August 2026.

Bombas Promotes Jason LaRose to CEO

Jason LaRose, president and former Under Armour executive, was promoted to company CEO. Co-founder David Heath becomes executive chair. LaRose is responsible for expanding Bombas beyond direct-to-consumer, with only 7 percent of revenues currently coming from wholesale.

Kohl’s Appoints JD Sports Exec as Chief Digital Officer

Arianne Parisi, most recently chief digital officer for JD Sports Fashion Plc, has been named the retailer’s chief digital officer. Starting on July 28, Parisi will join the company’s executive leadership team and report directly to Interim CEO Michael Bender.

SGB Executive

EXEC: Li Ning Posts LSD Growth in China Retail Sales in Second Quarter

The Offline channel, which includes retail and wholesale, registered a low-single-digit increase. Retail (direct operation) declined by mid-single digits, while Wholesale (franchised distributors) increased by low-single digits. The E-commerce channel registered mid-single-digit growth.