Zwift Names Amazon Executive As Co-CEO
Zwift hired Amazon executive Kurt Beidler as co-CEO, sharing the role with founder Eric Min. Min has been CEO since Zwift was founded in 2014.
Everlane Secures $25 Million Loan
Everlane Inc. secured a $25 million term loan from Gordon Brothers. The loan is secured by Everlane’s working capital assets.
Streamlight Names Regional Sales Manager For Latin America
Streamlight, Inc. hired Daniel Rodriguez as regional sales manager for Latin America, working within the company’s International Division.
Athleta Opens Fourth Store In New York City
Athleta, a Gap, Inc. brand, opened its fourth store in Manhattan’s SoHo neighborhood. The 5,000-square-foot space at 594 Broadway is the brand’s 35th new store opening in 2022.
Wolverine’s Debt Ratings Outlook Downgraded To Negative
Moody’s Investors Service changed Wolverine World Wide, Inc.’s debt-ratings outlook to negative from stable. The change in outlook to negative from stable reflects the risk that leverage may remain elevated for a prolonged period given the more promotional retail environment, lower consumer discretionary spending, and unfavorable foreign currency trends.
Callaway Golf Extends Partnership With FCG Tour
Callaway Golf extended its sponsorship with the Future Champions Golf (FCG) Tour for its 2023 tournament program.
Urban Outfitters President Exits
Urban Outfitters, Inc. reported that Francis Pierrel, president, Urban Outfitters Group, had left the company.
Salt Life To Open New Doors
Delta Apparel, Inc. reported plans to open four Salt Life stores in early 2023. In Florida, Salt Life Pembroke Pines will open in January 2023, with Salt Life Pompano Beach and Salt Life Viera following shortly after that. In New Jersey, Salt Life Long Branch will open in the early spring of 2023.
NICS Firearms Background Checks Slide 1.5 Percent In November
The November 2022 NSSF-adjusted National Instant Criminal Background Checks (NICS) fell 11.3 percent to 1.52 million compared to its November 2021 NSSF-adjusted figure of 1.54 million.
Canyon Bicycles Names Chief Operations Officer
Canyon Bicycles hired Alison Jones as chief operations officer.
Newell Brands Adds Board Member
Newell Brands reported that Stephanie Stahl was elected to its Board of Directors effective January 1, 2023. With her appointment, the size of its Board increases from ten members to eleven.
ICSC Report: 78 Percent Of Consumers Shopped Thanksgiving Holiday Weekend
According to the ICSC Post-Thanksgiving Weekend Report, 75 percent of U.S. adults, 201.5 million, shopped or spent money during the five days beginning on Thanksgiving and ending Cyber Monday.
Record 196.7 Million Consumers Shop Over Thanksgiving Holiday Weekend
A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.
Crocs Expands Credit Agreement
Crocs increased the total commitments under its revolving credit line with Bank of America, PNC and five other lenders, by $150 million to $750 million, with a $250 million accordion feature, according to a regulatory filing.
Dick’s Sporting Goods Names EVP Of Stores
Dick’s Sporting Goods reported it hired Ray Sliva as executive vice president, stores, effective January 3, 2023. Most recently, Sliva was as Best Buy’s chief people officer.
