SGB Update

Academy Sports’ Debt Ratings Raised by S&P

S&P Global Ratings raised Academy Sports And Outdoor Inc.’s debt rating because the retailer has sustained S&P’s adjusted leverage well below the 2x area despite modest EBITDA margin contraction.

Field & Stream Lodge Co. Opens First Location in Bozeman

Starwood Capital Group and A.J. Capital Partners created the lodge concept with plans to target cities near national parks, mountains and ski towns for future hotels, with Field & Stream Bozeman serving as the flagship location.

Dick’s SG to Hire Fewer Seasonal Workers This Year

The retailer plans to hire nearly 8,000 seasonal workers for this year’s holiday season, a step back from the 8,600 planned hires in 2023. A steady decline in employee turnover since 2021 led DKS to a decrease in the number of seasonal workers this year.

Elevate Outdoor Collective Promotes Josee Larocque to CEO

The parent company of the K2, Marker, Dalbello, Völkl, Ride, Line, Backcountry Access, Atlas Snow Shoe, Tubbs Snowshoes, and Madshus brands said COO Larocque replaces CEO John Colonna, who is leaving the company to pursue other interests.