SGB Update

Moody’s Downgrades Toms Shoes Debt Ratings

Moody’s Investors Service downgraded the corporate family rating (CFR) and senior secured first lien term loan rating for Toms Shoes, LLC , each to Caa3 from Caa2.

’47 Partners With Graffiti Artist OG Slick

Ahead of the NBA All-Star Game, ’47 announced the launch of a limited-edition collection of headwear and apparel designed by famed graffiti artist OG Slick.

January Retail Sales Climb 5.4 Percent

An improving economy fueled a healthy 5.4 percent increase in retail sales year-over-year, the National Retail Federation said. Among sectors, sporting goods stores showed the only year-over-year decrease, down 5.9 percent.

Asics Americas Profits Recover In 2017

Asics reported net earnings declined 16.7 percent in 2017 due to restructuring activities in its European operations. Profits in the Americas region bounced back as improved margins and a fewer bad-debt write-offs offset a 6 percent sales drop.

Chaos Adds New Rep Team For Mid Atlantic

Chaos Headwear have added Erik and Patti Weber to its national sales team. The Webers will be responsible for the Mid-Atlantic account and expanding the territory to NY, NJ, PA, MD, DE, DC and North VA.