Target’s Debt Ratings Outlook Lowered On Subpar Q4 Results
Moody’s Investors Service changed the outlook for Target Corporation to stable from positive due to the discounter’s below-plan fourth-quarter results and deteriorating credit metrics.
Gap’s Debt Ratings Downgraded On Weakening Operating Performance
Moody’s Investors Service downgraded The Gap, Inc.’s debt ratings due to expectations that “topline growth and margin expansion will be limited in the next 12 months due to continuing inflationary and competitive pressures.”
F45 Training Names CEO; Wahlberg Takes Chief Brand Officer Role
Tom Dowd has been appointed F45’s new CEO, effective immediately. He succeeds outgoing interim CEO Ben Coates, who remains on the company’s board of directors. Mark Wahlberg, who has been a member of the company’s board since March 2019, has been named F45’s chief brand officer,
Gildan Activewear Disposes Of SC Warehouse In Sale-Leaseback Deal
Gildan Activewear sold its Charleston, SC distribution center for $51 million but will remain in the property through a sale-leaseback arrangement.
Fanatics Betting And Gaming Names COO
Fanatics Betting and Gaming announced the appointment of Hank Couture to the new position of chief operating officer. He was at DoorDash.
Allen Edmonds To Open Boston Store On Newbury Street
Allen Edmonds is opening a storefront in Boston on March 30 after three decades on Newbury Street. The Port Washington Studio, with re-craft and custom services, is located at 141A Newbury Street.
Gabriel Brothers Opens Largest Company DC In Ohio
Gabriel Brothers, Inc. announced the grand opening of its largest distribution center in Springfield, OH, with over 870,000 square feet.
Stifel Expands U.S. Ski & Snowboard Deal To Include Team Naming Rights
U.S. Ski & Snowboard expanded its partnership with Stifel Financial Corp. to become the official team naming partner of all ski teams under the U.S. Ski & Snowboard brand.
Wolverine Rolling Sweaty Betty Into International Group; CEO to Depart
Wolverine World Wide, Inc. reported it intends to improve operating performance, fuel global growth and enable future investments into Sweaty Betty, the women’s activewear brand it acquired in August 2021.
USA Cycling Names New National Team Coaches and Directors
USA Cycling added three members to the Sports Performance staff. Craig Griffin is the new senior director of Track, Tanner Putt is the director of Road and German Medina is the BMX Racing National Team coach.
NRF Forecasts Mid-Single-Digit Retail Sales Growth In 2023
The National Retail Federation issued its annual forecast today, anticipating that retail sales will grow between 4 percent and 6 percent in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion in 2023.
RecNation Acquires First RV Storage Facility in Nashville Market
RecNation Storage has acquired its first premier recreational storage facility in Nashville, TN. The company said it is the first institutional grade specialized storage company created to serve the growing need for recreational vehicle storage
Helinox Opens Second Creative Center In Busan, South Korea
Helinox, the manufacturer of lightweight, portable furniture for outdoor use, recently opened its second multi-story Helinox Creative Center Busan (HCC Busan). Busan is the second largest city in South Korea know for urban design and outdoor escapes.
Dick’s SG To Open Store In Minnesota’s Rosedale Center
Dick’s Sporting Goods is opening an 80,000-square-foot store at Minnesota’s Rosedale Center. Poag Development Group, overseeing the construction of the store, formerly occupied by a Herberger, reported the news in a press release.
Outerstuff’s Debt Ratings Downgrade On Potential Default
S&P Global Ratings downgraded the debt ratings of Outerstuff LLC on an increasing likelihood of a default.
