Yamaha U.S. Marine Business Unit Promotes Tracy To VP
Yamaha U.S. Marine Business Unit has promoted Mark Tracy to vice president. He will continue to oversee Yamaha Marine Power Sales and marketing teams, with the added responsibility of the Marine Customer Experience team.
Thrasio Hires Amazon Vet As President, Chief Commercial Officer
Thrasio Holdings, Inc., parent company of Wise Owl Outfitters and more than 200 other Amazon and e-commerce brands, tapped Steven Shure as president and chief commercial officer. Danny Boockvar takes on a new position as president, mergers and acquisitions and new ventures.
Dick’s Announces Redemption of Outstanding 3.25 Percent Convertible Senior Notes
Dick’s Sporting Goods, Inc. has called all of its outstanding 3.25 percent Convertible Senior Notes due 2025 for redemption on April 18, 2023.
Wolverine World Wide Declares Cash Dividend
The Wolverine World Wide, Inc. Board of Directors declared a quarterly cash dividend of 10 cents per share of common stock.
Tractor Supply Raises Quarterly Dividend By 12 Percent
The Tractor Supply Company Board of Directors declared a quarterly cash dividend of $1.03 per share of its common stock, which represents an increase of 12 percent versus the prior quarterly dividend rate of 92 cents per share.
S&P Affirms Varsity Brands Debt Ratings
S&P Global Ratings affirmed the debt ratings of Varsity Brands Holding Co., the parent of BSN Sports, Varsity Spirit and Herff Jones, following the company’s plans to extend the maturity on its $1.33 billion senior secured first lien term loan by two years to December 2026.
PGA Of America Names Chief Operating Officer
The PGA of America has named Craig Kessler as chief operating officer. Kessler, who served as COO and Head of Emerging Concepts at Topgolf from 2016 to 2021, will report to PGA of America CEO Seth Waugh, effective March 6.
Xponential Fitness Sets Pricing For Secondary Offering
Xponential Fitness, Inc. has priced the previously announced underwritten public offering of 5,000,000 shares of the company’s Class A common stock by certain of the company’s existing stockholders, affiliates of Snapdragon Capital Partners and Anthony Geisler at a public offering price of $24.50 per share.
Drexel Extends Partnership With Nike And BSN Sports
Drexel Athletics has extended its endorsement deal with Nike and BSN Sports to continue to be the school’s official apparel, footwear and uniform provider.
Simon Property Group Sells Off Eddie Bauer Interest
Simon Property sold its interest in its Eddie Bauer licensing joint venture in exchange for additional equity ownership in Authentic Brands Group.
JD Sports Completes Divesture Of Tessuti Brands
JD Sports Fashion Plc, parent of JD Sports, Finish Line, DTLR, and Shoe Palace, completed the divestment of the businesses which trade as Tessuti (inc Xile), Scotts, Choice, Giulio, and Cricket to Frasers Group Plc.
Bob’s Stores Opens Western Mass Location
On February 10, Bob’s Stores will open a new location in Western Massachusetts in the Holyoke Mall. The store will house departments dedicated to activewear, denim, casual, workwear, team, and footwear.
Designer Brands Acquires Keds From Wolverine Worldwide
Designer Brands, the parent of DSW, reported it acquired Keds from Wolverine Worldwide. The company also expanded its agreement with Hush Puppies to include U.S. and Canadian licensing.
Under Armour Raises Full-Year Guidance On Strong Q3 Beat
Under Armour, Inc. raised its earnings guidance for the year as its earnings for the fiscal third quarter ended December 31 easily topped Wall Street’s targets as gross margin pressures were offset by cost controls. Sales were slightly above consensus targets. One area of concern was inventory levels, which were up 50 percent.
NRF: February Imports Expected To Be Lowest In Nearly Three Years
According to the Global Port Tracker report released by the National Retail Federation and Hackett Associates, import cargo volume at the nation’s major container ports is expected to drop to nearly its lowest level this month since the beginning of the pandemic.
