Belk’s Debt Ratings Downgraded On Weak Results
Belk, Inc.’s debt ratings were downgraded by S&P Global Ratings as the southeast department store operator’s sales and profitability have weakened significantly, well below S&P’s expectations.
Dunlop Becomes Official Tennis Ball Of USPTA
The United States Professional Tennis Association (USPTA) said Dunlop replaced Wilson as the official tennis ball of the organization in a multi-year endorsement agreement.
REI Agrees To Hold Union Elections At Cleveland Store
REI agreed to hold a union election vote on March 3 at its Beachwood, OH store following a hearing on Friday with the National Labor Relations Board.
Action Sports In Brandford To Close
Action Sports plans to close its store in Brandford, CT, at the end of April. The retailer’s second location in Old Saybrook will remain open.
Dick’s SG To Open House of Sport In Boston
Dick’s Sporting Goods, Inc. plans to open a House of Sport store in the Prudential Center at Boston’s Back Bay. Lord and Taylor previously occupied the storefront at 760 Boylston Street.
Authentic Brands Group Partners With Global Citizen
Authentic Brands Group and Global Citizen, an international advocacy organization, reported that they entered into a four-year agreement to create an exclusive brand mark for consumer products, marketing activations and donations programs.
Topgolf To Open Location In Mobile
Topgolf reported that construction is underway on a new venue in Mobile, AL, near the intersection of I-65 and Government Boulevard in the McGowan Park Shopping Center; this is the third Topgolf in Alabama, expected to open in late 2023.
Moncler Americas President Joins Skims
Skims, the shapewear, intimates and loungewear label, hired Robert Norton, formerly president of Moncler Americas, as chief commercial officer.
Walmart Names Chief People Officer For U.S. Operations
Walmart hired Judy Werthauser as executive vice president and chief people officer for its U.S. operations.
NICS Firearms Background Checks Up 6.5 Percent In January
The January 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 1.27 million is an increase of 6.5 percent compared to the January 2022 NSSF-adjusted NICS figure of 1.19 million.
JCPenney Names New Chief Transformation And Strategy Officer
JCPenney hired Keith Melker as chief transformation and strategy officer driving consumer traffic, inventory management, digital growth, strategic partnerships, and evolving the retailer’s value delivery model. Katie Mullen will remain the chief digital officer.
GoPro’s Sales Drop 18 Percent In Fourth Quarter
GoPro, Inc.’s profits on an adjusted basis fell 68.2 percent in the fourth quarter as sales were down 18 percent.
Varsity Brands Amends And Extends Credit Facility
Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, plans to extend the maturity on its $1.33 billion senior secured first lien term loan by two years to December 2026, according to Moody’s. Moody’s assigned a B2 rating to the debt.
Origin Taps Under Armour Co-Founder As Strategic Advisor
Origin has tapped Under Armour Co-Founder Kip Fulks as a full-time strategic advisor and partner.
Kohl’s Appoints Kingsbury CEO
The Kohl’s Corporation’s board of directors has unanimously appointed Tom Kingsbury as Chief Executive Officer, effective immediately.
