SGB Update Footwear

5.11, BOA and Primaloft Parent CODI’s Debt Ratings Downgraded

Moody’s said the downgrade reflects CODI’s “elevated financial leverage based on the restated financials, the uncertainty around the company’s ability to reduce leverage and generate sustained and comfortably positive free cash flow over the next 12 months.

Under Armour Faces Data Breach

Under Armour announced that it is investigating claims of a massive data breach after a cybercriminal posted millions of customer records to a hacker forum.

Target Appoints Former Nike and HanesBrands Execs to Board

Target Corporation appointed John Hoke, III, former chief innovation officer at Nike, Inc., and Steve Bratspies, former chief executive officer of HanesBrands, Inc., to its board of directors. Their appointments were announced, with Michael Fiddelke, chief operating officer, set to replace Brian Cornell as CEO on February 1.

PGA Tour Superstore to Open Fourth Store in Atlanta

PGA Tour Superstore plans to open a new store in Atlanta’s Buckhead Square on March 7, marking its fourth in the area. The Buckhead location will join locations in Roswell, Kennesaw and Duluth, GA, along with its Store Support Center headquarters.

Famous Footwear Parent’s CFO to Depart

The parent company of Famous Footwear, Naturalizer, Vionic, Allen Edmonds, Stuart Weitzman, Blowfish Malibu, and Sam Edelman brands, reported that Jack Calandra, its chief financial officer, is leaving at the end of the month to pursue other opportunities.

Salomon Appoints First Creative Director

Salomon has appointed Finnish designer Heikki Salonen as the company’s first creative director. With a career spanning 30 years, Salonen was previously head designer at Diesel before serving as creative director at MM6 Maison Margiela for 12 years.

Nordstrom Rack to Relocate Downtown Seattle Store

The 39,000-square-foot store will be relocated to a historic building owned by a local partnership led by Mike Hess, located at Sixth Avenue and Pine Street in downtown Seattle. The store will open in spring 202y.

Report: Nike to Skip Super Bowl Ad This Year

Nike, Inc. will not be airing an ad during Super Bowl 60, the company confirmed to Adweek. The move comes after the company ran its first Super Bowl commercial in 27 years last year.

Reju to Open First U.S. Materials Recycling Facility in Rochester, New York

French materials recycling company Reju, led by former Under Armour CEO Patrik Frisk, plans to open its first U.S-based industrial facility in Rochester, NY, aiming to regenerate 300 million articles annually. The plant is expected to be operational at the site by the end of 2029 and support 70 jobs.

Nike Shuffles Regional Leadership

Nike, Inc. reported that Carl Grebert, VP/GM of EMEA, is retiring and will be succeeded by César Garcia, VP/ GM of EMEA. Angela Dong, VP/GM, Greater China, is stepping down to pursue other opportunities and will be replaced by Cathy Sparks, currently VP/GM of APLA.

OrthoLite Appoints Sales Manager, Performance East

OrthoLite appointed Doug Nickerson as sales manager for Performance East, based in Boston. Most recently, he worked at Timberland and Timberland Pro, where he supported compound development, material innovation and sole system performance for end-use applications.