Next Level Apparel’s Debt Ratings Lowered On Default Risk
S&P Global Ratings lowered the debt ratings of YS Garments LLC, doing business as Next Level Apparel, as the Gardena, CA-based clothing company has disclosed that it has entered into an agreement with its lender group to waive its financial covenant for the second quarter ended June 30, 2023 through Sept. 30, 2024.
Costco Wholesale Corporation Elects New Board Director
Costco Wholesale Corp. elected Helena Buonanno Foulkes to its Board of Directors. Most recently, Foulkes was CEO of Hudson’s Bay Company.
Herschel Supply Opens Flagship in New York City
Herschel Supply has opened its new SoHo flagship store in New York City, continuing its retail expansion plans for 2023 following recent store openings in Santa Monica, CA and NYC’s Flatiron district.
Winnebago Increases Quarterly Dividend
Winnebago Industries, Inc.’s Board of Directors approved a quarterly cash dividend of 31 cents per share, representing a 15 percent increase, or $0.04 per share, from the previous quarter.
Outdoor Retailer to Unveil New Format at Summer Market 2024
New features will reportedly roll out with Outdoor Retailer Summer 2024, taking place June 17-19, 2024 at the Salt Palace Convention Center in Salt Lake City, UT. The upcoming OR Winter show in November will be held in its existing format at the Salt Palace.
AKU Hires New PNW Sales Agency for Outdoor Category
Based in Seattle, The Alta Group will manage specific outdoor accounts for AKU in Alaska, Idaho, Montana, Oregon and Washington.
Golftec Opens Location in Orlando
Golftec announced it opened an instruction and club fitting center in Orlando, its 14th location in Florida.
Oofos President To Depart, New COO Named
Oofos said Steve Gallo, the recovery footwear’s president since January 2018, will be stepping away from Oofos to take on a new opportunity. At the same time, Dave Mischler was promoted to the role of chief operating officer.
Gregory, High Sierra Parent Company Surges in Q2 as Travel Returns Across Globe
Samsonite International S.A., parent to the Gregory, High Sierra, Tumi, Kamiliant, ebags, Lipault, and Hartmann brands, among others, reported that net sales for the three months ended June 30 were $924.1 million, an increase of 36.1 percent in constant-currency terms when compared to the second quarter of 2022.
DBI Adds Le Tigre Footwear to Owned Brands Portfolio at DSW
The company, which owns retailers DSW Shoe Warehouse and The Shoe Company, said the addition of Le Tigre, along with the recent acquisitions of Keds and Topo Athletic, enables it to grow its brand portfolio in the important athletic and athleisure space.
StockX Report Calls Out On, Salomon and Asics as Top YTD Trading Gainers
Success on the secondary market can be a barometer for consumer demand, and Stockx’s report suggests that, despite a more challenging retail environment, brands continue to break through and demonstrate growth.
Logo Brands Inks Licensing Deal with Mississippi State
Beginning January 1, 2024, Logo Brands and Mississippi State University will enter into a ten-year exclusive agreement in the tailgate and inflatables categories.
OrthoLite Names Cirql VP/GM
OrthoLite hired Matt Thwaites as vice president and general manager of OrthoLite Cirql. He was formerly global sales and marketing director of the Footwear Division for Coats, the industrial thread company.
Sole Technology Adds Familiar Face as ThirtyTwo Design Chief
Will Keegan has re-joined Sole Technology after 12 years as boot designer/merchandiser for the ThirtyTwo brand. Moving forward, he will oversee all design and merchandising for ThirtyTwo boots and all-terrain footwear.
TJX Lifts Outlook As Q2 Earnings Fly Past Expectations
The TJX Companies, Inc. increased its guidance for sales and earnings for the year after reporting second-quarter results that easily exceeded the off-pricer’s guidance. Same-store sales grew 6 percent.
