S&P Downgrades Sears’ Corporate Credit Rating
Standard & Poors Corp. lowered its corporate credit rating on Sears to ‘CCC-‘ from ‘CCC’ to reflect its view of “potential transactions as distressed because its believe lenders would receive less than the original promise.” The outlook is negative.
Nike Lab In Downtown Manhattan Sued For Noise Complaints
A Soho condo has filed a lawsuit against Nike for noise emanating from promotional events at its Nike Lab store on 22 Mercer St.
Nike Takes Steps Toward 100 Percent Renewable Energy In North America
Nike announced that it has signed its second major wind contract with Avangrid Renewables — this time for 86 megawatts of Texas wind power.
PGA Tour Superstore Achieves Record Year
PGA Tour Superstore announced the company’s 2017 performance of a 15 percent comp store sales growth.
Wigwam Selects Inside|Out Communications
Wigwam Mills Inc., the family owned maker of premium, made-in-the-USA socks since 1905, announced that Colorado-based Inside|Out Communications will handle its global media and brand communications for the Peak 2 Pub, Rod & Rifle, Lifestyle/Classics and the all new Work Line categories.
Darby Communications Announces 2018 Stand Up Initiative Partners
In 2018 Darby will partner with several organizations from North Carolina, including Asheville GreenWorks, Friends of Big Ivy, MountainTrue and Friends of the Smokies, in an effort to heighten awareness and make lasting, positive impacts on the environment.
Amazon Names 20 “Finalist” Cities For Second Headquarters
Amazon announced it has chosen the following 20 metropolitan areas to potentially host HQ2, the company’s second headquarters in North America, as it moves to the next phase of the process.
Leatherman Tool Group Opens On-Site Health Clinic For Employees
Leatherman Tool Group has opened the CareHere Health & Wellness Center, a new on-site facility that will provide access to primary and preventive healthcare to Leatherman Tool Group employees and their dependents covered by the company’s health plan.
Joe Worsham To Retire From Ludwikoski & Associates
Joe Worsham has decided to retire from our industry after 37 years as a sales professional for Ludwikoski & Associates Inc.
Activist Investors Urge Changes At Genesco
In a filing with the U.S. Securities and Exchange Commission, Legion Partners Asset Management LLC and 4010 Capital LLC said they now own a combined 5.3 percent stake in Genesco and stated they made the acquisition because they Genesco’s shares are ““undervalued and represented an attractive investment opportunity.”
VF Corp. To Open Distribution Center In Jonestown, PA
VF Corp will open a new distribution center in Jonestown, Pa., in early 2019. VF is investing up to $52 million in the project and bringing more than 175 new full-time jobs to the area over the next three years.
Nike Appoints Chief Marketing Officer
Nike Inc. announced Dirk-Jan “DJ” van Hameren has been promoted to VP, chief marketing officer. Van Hameren will succeed Greg Hoffman, who has been appointed VP, Global Brand Creative & Marketing Innovation.
Adidas’ Eric Liedtke Joins Carbon’s Board Of Directors
Carbon, a Silicon Valley-based digital 3D manufacturing company, announced it has appointed Eric Liedtke, Adidas’ executive board member – global brands to its board of directors.
Vicis Announces Price Reduction Of Zero1 Helmet
Vicis Inc. announced a reduced price for the Zero1, its technologically advanced football helmet. As this football season comes to a close, Vicis has updated 2018/19 pricing for the Zero1 with a new list price of $950.
Adobe: Online Holiday Vault Nearly 15 Percent, Boosted By Mobile
A whopping $35.9 billion was spent via mobile devices, which accounts for a record-setting 33.1 percent of online holiday revenue coming from smartphones or tablets. Mobile also accounted for 52 percent of traffic to retail websites during the holidays.
