Allbirds Opens Store In Boston’s Prudential Center
Allbirds opened one of its largest stores in the Prudential Center in Boston. This is the retailer’s fifth site in the state offering 3,700 square feet of selling space.
Hanesbrands’ Debt Ratings Outlook Lowered To Negative
Moody’s Investors Service Inc. revised its debt rating outlook on Hanesbrands to negative from stable to reflect the rating agency’s view that the company’s credit metrics will continue to weaken in 2022 due to soft customer demand, high inventory levels and still elevated input costs.
Soccer Post Receives Investment From Private Equity Firm
Soccer Post, the largest chain of soccer specialty stores in the U.S., has secured an investment from TZP Group, the private equity firm. Soccer Post announced that Alex Morgan, the American professional soccer player, has become an investor and brand ambassador.
Camping World’s COO To Retire
Camping World Holdings, Inc.’s Chief Operating Officer, Tamara Ward, will retire from her position effective December 31. Matthew Wagner, executive vice president, will be promoted into the role effective January 1, 2023, as part of a planned leadership succession.
Burlington Stores Sees Profits Fall In Third Quarter
Burlington Stores, Inc. reported earnings on an adjusted basis fell 69.9 percent in the third quarter ended October 29, reaching the lower end of guidance. Comparable store sales decreased 17 percent.
Nordstrom Records Loss In Third Quarter
Nordstrom, Inc. reported a third-quarter net loss of $20 million, or 13 cents a share, for the quarter ended October 29, 2022. Excluding a supply chain technology and related asset impairment charge, the company reported adjusted earnings per diluted share of 20 cents.
Newell Brands’ Debt Ratings Revised To Stable
Moody’s Investors Service changed its debt ratings outlook on Newell Brands Inc. to stable from positive.
Genesco Appoints Board Members
Genesco, Inc. appointed two independent directors, Matthew M. Bilunas, chief financial officer, Best Buy Co., Inc., and Carolyn Bojanowski, executive vice president of merchandising, Sephora USA, to Genesco’s Board of Directors, effective January 29, 2023, the beginning of its fiscal year.
F45 Training CFO Steps Down
F45 Training Holdings Inc. announced that Chris Payne, the company’s chief financial officer and a member of the Board of Directors, stepped down effective November 15, 2022 to address “immediate personal and family matters in Australia.”
Caleres’ Q3 Tops Wall Street Targets
Caleres continued its strong performance in the third quarter, achieving record quarterly sales and delivering another period of solid earnings. Sales grew 1.8 percent as a 7.6 percent sales increase in the Brand Portfolio segment offset a slight decline at Famous Footwear.
Dick’s SG Raises Outlook As Third Quarter Beats Plan
Dick’s Sporting Goods reported third-quarter earnings were down year-over-year due to lower gross margins but easily topped Wall Street expectations as same-store sales grew 6.5 percent. The sporting goods retailer lifted its guidance for the year.
OrthoLite Cirql Names Sales Director, Ho Chi Minh City, Vietnam
OrthoLite hired Juan Cutina as sales director for OrthoLite Cirql, headquartered in Vietnam, where Cutina is based. He joins the company with more than a decade of experience in footwear manufacturing in Vietnam.
Nike Opens First Nike Rise Location In North America
Nike opened Nike Aventura, located in Miami, FL. The location is the first Nike Rise store in the U.S. and “signals the next stage of our retail expansion in North America,” according to a Nike press release.
Nike Extends Contract With UNI
Nike renewed its partnership with The University of Northern Iowa (UNI) Athletics through a partnership with BSN Sports.
Urban Outfitters’ Q3 Profits Drop By Margin Pressures
Urban Outfitters, Inc. reported earnings slumped 58.2 percent in the third quarter but were in line with Wall Street estimates. Sales growth of 3.9 percent was offset by a 410 basis point decline in gross margins due to heightened markdowns.
