Vail Resorts’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Vail Resorts, Inc.’s debt ratings to reflect its expectation for solid operating performance over the next year following strength in its 2021/22 ski season, demonstrating consumer demand and good operating execution.
Belk Names President And Chief Merchandising Officer
Belk hired MaryAnne Morin as president and chief merchandising officer. Morin will lead the company’s merchandising, planning and private brands teams.
Camber Outdoors Names Chief Of Staff
Camber Outdoors hired Mindy Silva as chief of staff, effective immediately. In this newly created position, Silva will act as a strategic thought partner and advisor to Camber’s CEO, Tiffany Smith.
Golftec Opens Location In Little Rock
Golftec opened an instruction and club fitting center in Little Rock, AR, its first location in the state.
Recall: Horizon T101-05 Treadmills
About 192,000 Horizon T101-05 Treadmills sold in the U.S. have been recalled for unexpectedly accelerating, changing speed or stopping without user input, posing a fall hazard.
Recall: Goalsetter Wall-Mounted Basketball Goals
About 18,000 Goalsetter wall-mounted basketball goals were recalled. The basketball goal could detach from the wall and fall to the ground, causing injury or death.
Deckers Brands’ Q2 Again Driven By Hoka’s Outperformance
Deckers Brands reported earnings and sales both exceeded analyst targets in the second quarter ended September 30 and maintained its outlook for sales and EPS for the fiscal year despite margin pressures. Sales of Hoka surged 58.3 percent year over year in the quarter while sales of Ugg gained 6.3 percent.
Free Fly Apparel Hires Sales Director
Free Fly Apparel, the manufacturer of performance apparel made from bamboo, hired Justin Julian as sales director overseeing the company’s national wholesale business, managing its independent reps and growing the brand in the Western region working with key accounts.
Columbia Sportswear Q3 EPS Tops Wall Street’s Targets
Columbia Sportswear reported earnings surpassed Wall Street’s consensus target in the third quarter ending September 30 as sales grew 22 percent on a constant-currency basis. The company slightly lowered its operating earnings outlook for the year due to margin pressures but maintained its sales guidance.
Fanatics Hires Global HR Executive And Organizational Leader
Fanatics hired Orlando Ashford for the newly created chief people officer (CPO) role at Fanatics Holdings working closely with the company’s three businesses—commerce, collectibles and betting and gaming while managing global human resources.
Escalade’s Sale Decline 7.9 Percent In Third Quarter
Escalade Inc. reported earnings fell by 50 percent in the third quarter ending October 1 as margins eroded and sales dipped 7.9 percent.
Mitchell & Ness, Fanatics Expand Ownership Group
Fanatics expanded the ownership group of Mitchell & Ness. The ownership group now includes LeBron James, Kevin Durant, Chris Paul, CJ McCollum, Devin Booker, James Harden, Joel Embiid, Odell Beckham Jr., Kevin Hart, Rich Paul, Rich Kleiman, Scooter Braun, and Steve Stoute.
Vertical Brands Names COO
Vertical Brands, the parent of CB Sports Apparel and Neve Designs, has hired Christopher Pete as COO.
Winchester’s Sales Expand 3.5 Percent In Third Quarter
Winchester sales for the third quarter were $414.1 million compared to $400.0 million in the third quarter of 2021, representing a gain of 3.5 percent.
Peak Design To Open Store In NYC’s Nolita Neighborhood
Peak Design, the maker of everyday carry solutions, will open its first New York City store on October 28 in Nolita, a niche neighborhood in lower Manhattan.
