Haro Bikes Names Supply Chain Director
As part of the brand’s global restructuring, Haro Bikes, based in Vista, CA, hired Grasie Ooi as supply chain director.
Wolverine’s Debt Ratings Lowered by Moody’s
Moody’s Investors Service downgraded the debt ratings of Wolverine World Wide, Inc., reflecting the company’s significant earnings decline in Q2 2023 and Moody’s expectations for continued weak near-term performance. S&P Global Ratings similarly recently reduced its rating.
Malibu Boats Swings to Fiscal Q4 Loss Despite Saltwater Fishing Sales Gain
The increase in net sales for the quarter was reportedly driven primarily by increased unit volumes in the Saltwater Fishing segment and a favorable model mix across all segments.
Ouray Sportswear to Close Colorado Operations Following Sale
Ouray Sportswear is closing its production facility in Englewood, CO, following its sale to Philadelphia-based L2 Brands in January 2023. The closure will affect 154 jobs.
Shoe Carnival Reduces Outlook on Weakness in Urban Markets
Shoe Carnival, Inc. slightly lowered its outlook for the year as second-quarter earnings and sales missed analysts’ estimates. The family footwear chain said that while overall conditions improved from earlier in 2023, soft traffic results continued within lower-income households and urban markets to lead to a 6.5 percent same-store decline in the quarter.
Rally House Continues Growth In New Store Openings
Rally House opened five new stores in five states this past weekend, they follow the seven stores the retailer opened last weekend. It now counts 16 stores opened in August.
Amped Fitness Names First Franchise Partners
Amped Fitness continues expanding, introducing its first franchise partners, Matt and Kyana Carrico, to the Indianapolis market by 2024, according to CEO Travis Labazzo.
Report Forecasts Flattish Online Growth in U.S. for Holiday 2023
Salesforce’s 2023 Holiday Forecast calls for 4 percent global and 1 percent U.S. year-over-year online sales growth across November and December, reaching $1.19 trillion and $273 billion, respectively.
OrthoLite Bolsters Sales Team in China
OrthoLite added to its sales management team in China, appointing Chuck Yu as director of sales strategy and John Liu as sales manager.
Ace Pickleball Club Plans National Rollout
Ace Pickleball Club, an operator of indoor pickleball facilities, announced further expansion plans with over 50 franchises sold in the U.S., including Arizona, California, Florida, Illinois, Indiana, Michigan, New Jersey, New York, and Pennsylvania.
Golf Rounds Played Climb in July
Rounds of golf played advanced 3.2 percent in July and are running up 5.0 percent for the first seven months of 2023, according to Golf Datatech.
Mercury Marine, Labor Union Ink New Five-Year Collective Bargaining Agreement
The new contract, which will remain in place through September 30, 2028, was voted in favor by the members of the IAMAW Lodge 1947 and will be signed by Mercury Marine and the IAMAW.
Authentic Reaches Deal for Hunter Boots IP in China
Authentic reached an agreement for Baozun, Inc. to acquire the intellectual property rights to Hunter boots for distribution in China and Southeast Asia.
Pure Fishing’s Debt Rating Upgraded
S&P Global revised its issuer credit rating on Pure Fishing from the SD (selective default) rating given earlier last week, after the company’s sponsor, Sycamore Partners Management, bought up some of its debt at a significant discount to face value.
USPTA Signs Multi-Year Pickleball Deal with Selkirk Sport
The United States Professional Tennis Association announced a three-year agreement with Selkirk Sport. Per the agreement, Selkirk Sport will manufacture the official pickleball and pickleball net of the USPTA.
