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.
Rad Power Bikes CEO Steps Down
Rad Power Bikes CEO Mike Radenbaugh has stepped down, replaced by Phil Molyneux, who joined the Seattle-based e-bike company as president and COO earlier this year.
Rapha CEO Steps Down
Rapha, the U.K.-based cycling apparel brand, reported that William Kim had stepped down as CEO for personal reasons. He will be replaced by Francois Convercey and Daniel Blumire who were appointed as joint managing directors.
TeamSnap Acquires LeagueSide
TeamSnap, the provider of sports management software and the youth sports online community, acquired LeagueSide, the community sports sponsorship platform.
How To Win Over Customers On Black Friday And Cyber Monday
Discover why sporting goods retailers all over the world use Lightspeed to run and grow their businesses.
1791 Outdoor Lifestyle Group Names VP, Sales & Marketing
Miami-based 791 Outdoor Lifestyle Group hired Evan McNamara as vice president of sales and marketing.
Mastercard Spendingpulse Forecasts 15 Percent U.S. Retail Sales Growth On Black Friday
According to Mastercard SpendingPulse, U.S. retail sales excluding automotive are expected to grow 15 percent on Black Friday compared to last year.
