Birkenstock Holding Inks New Term Loan and Revolving Credit Facilities Agreement
In connection with this refinancing, the company said it is reducing the outstanding amount of term loans by approximately $50 million. This step is said to reflect Birkenstock’s strong liquidity position and its commitment to balance sheet deleveraging.
Alterra Names New Presidents for Steamboat and Mammoth Mountain Resorts
Alterra Mountain Company appointed Dave Hunter as president and COO of Steamboat in Colorado and Eric Clark as president and COO of Mammoth Mountain in California, who will also oversee operations at nearby June Mountain.
Vista Outdoor Sees Enhanced Ammo Business Bid from CSG; Again Rejects MNC Interest
An amended agreement with CSG, among other things, increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business from $1.91 billion to $1.96 billion and increases the cash consideration payable to Vista Outdoor stockholders by $3.10 per share.
Section 301 Tariff News is Not Good for the Bike Business
PeopleForBikes said all May 31, 2024 exclusions are briefly extended to June 14, as a “transition period.” Exclusions for bicycle trailers and some bicycle helmets are extended to June 1, 2025.
Hobie Appoints News Sales and Marketing Leadership to Drive Brand
The company promoted Joel McBride to VP of sales and hired James McBeath as director of marketing. They bring over 70 years of combined experience in adventure sports to Hobie.
Hyosung Appoints European Marketing Manager Textiles
Based in Düsseldorf, Germany, Andreas Puchert is an industry veteran with 30 years of experience in the textile, sports, fashion, and retail markets.
Fanatics Partners with Rugby Australia With Online Store
Partnership runs through the 2025 Women’s Rugby World Cup, 2025 British & Irish Lions Tour and 2027 Rugby World Cup.
The Buckle Reports First Quarter Net Income
The Buckle is best known as a denim retailer, carrying leading brands in the category, including the company’s own brand, BKE. Net income for the fiscal quarter ended May 4, 2024 was $34.8 million, or $0.70 per share, or$0.69 per share on a diluted basis.
Ross Stores First Quarter Sales In Line with Guidance Despite Macroeconomic Headwinds
Earnings results for the period were better-than-expected primarily due to lower expenses relative to our plan.”
Deckers Brands Sees Slower Growth Trend in Year Ahead
The parent of the Hoka, Ugg, Teva, Sanuk brands expects fiscal 2025 sales to grow 10 percent, compared to the 21 percent growth achieved in fiscal 2024 and a 19 percent compounded annual growth rate over the past four years.
On Elects New Independent Member to Board
On elected Laura Miele as an additional independent member of its Board of Directors. Miele will also serve as a member of the Audit Committee.
Golfzon Social Opens in Brooklyn
Golfzon Social combines the expertise of Golfzon and Troon. The simulators, powered by Golfzon’s software and hardware, offer a golfing experience, while Troon’s food, beverage and hospitality services ensure customers have a memorable experience.
Puma SE Appoints Supervisory Board Members
Harsh Saini and Roland Krüger were appointed independent members of the company’s Supervisory Board for a three-year period.
Shoe Carnival Posts Q1 Comp Sales Decline; Net Sales Up on Acquisitions and E-Commerce
Sales from the February 2024 acquisition of Rogan Shoes, Inc. were in line with expectations and continued growth in Shoe Station and e-commerce, combined with strengthening trends in the Shoe Carnival brand.
Delta Apparel Chairman and CEO Resigns at Request of Independent Directors
The parent of the Salt Life, Soffe and Delta brands confirmed that company Chairman and CEO Robert W. Humphreys resigned from all positions with the company, effective June 29. The company appointed a chief restructuring officer to advise the Board on succession planning.
