SGB Update Outdoor
CPSC Issues Warning to Stop Using Kopobob Kids’ Helmets
The U.S. Consumer Product Safety Commission (CPSC) is warning consumers to immediately stop using Kopobob kids’ multi-purpose helmets because they can fail to protect riders in the event of a crash, posing a risk of head injury.
Canada Goose’s Debt Ratings Earn an Upgrade
Moody’s Investors Service upgraded Canada Goose, Inc’s debt ratings due to the outerwear maker’s solid operating performance and potential to benefit from China’s recovery.
VF’s Outlook Changed to Negative by Moody’s
Moody’s Investors Service changed VF Corporation’s outlook to negative from stable, reflecting the effects of the unfavorable tax appeal ruling related to the company’s Timberland acquisition in 2011 and the continued risk associated with the turnaround of Vans.
Academy Sports Principal Accounting Officer to Depart
Academy Sports and Outdoors, Inc. said in a regulatory filing that Heather Davis, SVP, accounting, treasury and tax (principal accounting officer) is leaving the company to pursue a new opportunity, effective September 29.
Rossignol Continues To Grow Nordic Division
Rossignol Group promoted Jeff Courter, previous Nordic category manager for North America, to global technical product manager for the Nordic division as part of a number of promotions and additions to the division.
Macy’s, Inc. to Hire for More Than 38,000 Seasonal Positions
Macy’s, Inc. reported plans to hire more than 38,000 full- and part-time seasonal workers for the upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores and distribution centers, consistent with open positions in 2022.
West Marine Inks Agreement with Lenders
The transaction will provide West Marine with liquidity and significantly reduce total debt to strengthen the company’s balance sheet and financial profile. The agreement was supported by 100 percent of the holders of the company’s funded debt obligations and West Marine’s current principal equity holder, L Catterton.
Lands’ End Names CFO
Lands’ End, Inc. announced that Bernard McCracken, the company’s interim CFO since January 2023 and chief accounting officer since April 2014, was named chief financial officer.
Dick’s Sporting Goods Appoints BJ’s Chairman to Board of Directors
New director Bob Eddy has served as president and CEO of BJ’s since April 2021. He was appointed chairman in June 2023 and has served on the company’s Board of Directors since 2021. Dick’s Sporting Goods Board expanded to 12 directors.
Fjällräven Opens First Retail Store in Montana
Fjällräven expanded its global retail footprint with a new brand store in Bozeman, MT, its first in the state, that opened on September 2.
Lectric Recalls Electric Bike Company’s Mechanical Brakes
Lectric eBikes is contacting consumers about the mechanical disk brake calipers which could cause riders to lose control and lead to injury, according to the U.S. Consumer Product Safety Commission.
POC Appoints Cycling Industry Vet as New CEO
POC, based in Sweden, has appointed Derek Bouchard-Hall as CEO. Before joining the helmets, eyewear, protection, and apparel manufacturer, Bouchard-Hall was CEO of Assos, president and CEO of USA Cycling and the director of International at Wiggle.
The James Brand Appoints Director of Marketing and Sales
Dustin Aron will manage strategy and implementation to increase consumer awareness and engagement, execute expanded wholesale & retail objectives with the global sales team, and support the overall growth strategy of the brand.
SRAM Makes Two Key VP Appointments
Chicago-based bicycle parts manufacturer SRAM promoted Lisa Peppel from quality engineering manager to VP of quality, replacing Otis Hayes, who has led the department since 2016. SRAM also promoted Joe Chung to VP of its IT department.
Report: August Mall Foot Traffic Decline Data May Have Some Positives
Placer.ai said in its August 2023 Mall Index report that while MoM visits fell for the month, other foot traffic metrics painted a rosier picture for the period when delving deeper into the location analytics.
