New Balance Foundation Reaches $100 Million In Total Grants
Boston-based New Balance Foundation announced it has reached a major milestone of $100 million in total grants to non-profits. From an initial $31,000 grant-making investment in 1981, New Balance Foundation contributions have grown to provide millions in funding to develop high-impact, long-term, sustainable initiatives that enrich the lives of children, their families and their communities.
Macy’s Appoints Torrence Boone To Board Of Directors
Macy’s Inc. on Thursday announced the appointment of Torrence Boone, vice president, Global Client Partnerships at Google, to its board of directors, effective December 12.
Report: Adidas Appoints New Manager For Yeezy
Adidas has named Jon Wexler as the new general manager of Yeezy, Kanye West’s line, according to Sole Collector.
REI Co-op Appoints Vice President Of E-Commerce, Gear and Apparel
REI Co-op has appointed Michelle Cutter as its new vice president of e-commerce, gear and apparel. Cutter is the first to serve in the co-op’s newly created role and will work across departments to grow revenue, solve customer problems and support the REI brand.
S&P Reduces Outerstuff’s Debt Ratings
Standard & Poor’s (S&P) lowered the debt ratings of Outerstuff LLC due to continued weak operating performance and liquidity pressure.
Moody’s Changes Caleres’ Outlook To Negative, Affirms All Ratings
Moody’s Investors Service changed the ratings outlook for Caleres, Inc. to negative from stable. The change in outlook to negative from stable reflects Caleres’ recent earnings performance below Moody’s expectations and the view that organic earnings growth will remain constrained by the highly competitive retail environment and the consumer shift to e-commerce.
Wolverine Worldwide Settles For $69.5 Million Over PFAS Groundwater Contamination
Wolverine Worldwide Inc. announced a significant update on its ongoing PFAS/environmental exposures in the state of Michigan. The agreement, which will be finalized for approval, calls for Wolverine to pay $69.5 million over five years to cover the cost of extending new municipal water to affected areas.
Nautilus Appoints CFO
Nautilus Inc. announced that Aina Konold has been appointed chief financial officer. Most recently, she was the founding CFO for Gap Inc. in China.
Darn Tough Vermont Appoints Director Of E-Commerce
Darn Tough Vermont, U.S. manufacturer of performance outdoor and lifestyle socks, announced the appointment of Ryan Dahlstrom as Director of E-Commerce. As the company continues to experience growth at retail and online, Dahlstrom will be responsible for the brand’s global e-commerce trajectory and that it remains strategic and complementary to the business model. Having most […]
Lululemon Crushes Comp Sales In Q3
Lululemon Athletica Inc. on Wednesday reported total comparable sales for the third quarter ended November 3 increased 16 percent, or 17 percent on a constant dollar basis. Comparable store sales increased 10 percent, or 11 percent on a constant dollar basis, while direct-to-consumer net revenue increased 29 percent, or 30 percent on a constant dollar basis.
Topgolf To Open Location In Cleveland
Topgolf Entertainment Group announced plans to open its newest Ohio location in Cleveland at 9 a.m. Friday. The three-level, 65,000-square-foot venue will feature popular Topgolf games and technology, private event spaces and more.
Americans Resolve To Prioritize Health And Wellness in 2020
When asked about their top focus areas for the New Year, more than half (51 percent) of Americans said health and wellness while only 27 percent chose financial stability, according to the annual New Year’s Resolution Study conducted by Allianz Life Insurance Company of North America.
Simms Names Strick Walker Chief Marketing Officer
Simms Fishing Products, a manufacturer of waders, outerwear, footwear and technical apparel in fishing, on Wednesday announced the hiring of Strick Walker as its chief marketing officer.
Outdoor Retailer Names Finalists For Innovation Awards
Outdoor Retailer on Wednesday unveiled 30 finalists for the second annual Outdoor Retailer Innovation Awards, which recognize achievements in outdoor products, materials and services.
Justice Department To Review Google’s Pending Acquisition Of Fitbit
The U.S. Justice Department will review plans by Google to acquire Fitbit Inc for possible antitrust issues.
