Emerald Expositions’ Debt Ratings Unaffected By Loan Amendment
Moody’s Investors Service reported that Emerald Expositions’ proposal to amend and extend its first lien term loan is credit positive, and it does not affect the company’s B2 corporate family rating, B2 senior secured credit facility rating or its stable outlook.
Authentic Brands Finalizes Acquisition Of Vince Intellectual Property
Authentic Brands Group reportedly completed the acquisition of the intellectual property of the Vince fashion brand.
Foot Locker’s Debt Ratings Outlook Lowered To Negative
S&P Global Ratings lowered its outlook on Foot Locker to negative from stable as the sneaker chain lowered its full-year guidance due to a combination of inflationary pressures, higher-than-expected discounting initiatives and weak consumer spending.
Lululemon To Expand Vancouver Headquarters, Commits To Hiring 2,600
Lululemon reported plans to expand its headquarters in Vancouver, promising to create 2,600 jobs over the next five years. In 2022, Lululemon employed nearly 9,000 people in Canada.
Eastern Mountain Sports Opens Third New Jersey Store
Eastern Mountain Sports (EMS) announced plans to open its newest store in Deptford, NJ. in mid-June. The store is on the lower level next to the entrance to Boscovs at the Deptford Mall.
Von Maur Department Store To Open First North Dakota Store Location
Von Maur Department Store plans to open a 90,000-square-foot store at West Acres Mall in Fargo, ND. Scheduled to open in Spring 2025, this will be the first Von Maur location in North Dakota.
The Buckle Sees Q1 Net Income Fall 22 Percent As Comp Decline 9.2 Percent
The Buckle, Inc. reported that net income for the fiscal quarter ended April 29, 2023 was $42.9 million, or 87 cents per share, or 86 cents per share on a diluted basis. Comparable store net sales decreased 9.2 percent from comparable store net sales for the prior-year period.
Let Me Run Names Executive Director
Let Me Run named Richard Sexton as executive director, effective immediately, replacing Emily Battle who has held the position for the nonprofit since 2019.
Canada Goose To Open Three U.S. Stores
Canada Goose plans to open three new U.S. stores in May and June. The stores will open in Las Vegas, NV; Bellevue, WA and Los Angeles, CA, respectively.
Patagonia Names New General Manager EMEA
Patagonia promoted Nina Hajikhanian to general manager of EMEA. Most recently, she was the direct-to-consumer director, leading e-commerce, retail and customer service.
Costco Sees Fiscal Q3 Earnings Miss
Costco Wholesale Corp. reported earnings in the fiscal third quarter ended May 7 that missed analysts’ expectations. Same-store sales excluding the impacts of changes in gasoline prices and foreign exchange were up 3.5 percent.
Hibbett Reduces Full-Year Guidance On Q1 Miss
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, “”Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss.”
RVIA: RV Shipments Down 45 Percent In April, Again Led By Towables
The results from RVIA’s (RV Industry Association) April 2023 survey of manufacturers found that total RV shipments ended the month with 31,216 units, a decrease of 45.4 percent compared to the 57,192 units shipped in April 2022.
Fox Factory Welcomes New CFO
Fox Factory Holding Corp. named Dennis Schemm as chief financial officer, effective June 12. Schemm succeeds interim CFO Maggie Torres, who will retire when Schemm assumes the role.
Athleta’s Q1 Revenues Slide 11 Percent
Gap Inc. reported net sales at its Athleta women’s activewear chain fell 11 percent in the first quarter to $321 million. Gap said Athleta’s sales “were impacted by continued product acceptance challenges.”
