PacSun Showcases New Store Design In Fashion Valley
Pacsun opened its newest location in San Diego’s Fashion Valley. The retail space features a modernist design formula and layout for the youth-centric retailer. The Fashion Valley store is first brick-and-mortar location to pay homage to its foundation in mall culture.
Vuori Opens East Coast Flagship In New York City
Vuori has opened its first New York City flagship. The store, located in SoHo at 106 Spring Street, is the brand’s first East Coast flagship.
Goat Group To Acquire Grailed
Goat Group, Inc., which operates Goat and Flight Club, has agreed to acquire Grailed, the peer-driven resale marketplace for men’s luxury, streetwear, sneakers and vintage fashion.
Reebok Lists Its Boston Seaport Office To Sublease
Reebok has listed its entire Boston Seaport District office as available for sublease after moving into the space in 2017, according to a report from Boston Business Journal.
True Spec Chicago North Shore Opens At The Golf Practice
True Spec Golf has partnered with The Golf Practice, one of Chicago’s golf academies, on a new and larger location for True Spec Chicago North Shore.
Jack Wolfskin Hires Director Of Sales, South Europe & New Markets
German outdoor apparel, footwear and equipment brand Jack Wolfskin announced it hired Massimo Carnelli as director of sales, South Europe and New Markets.
Recall: Ancheer E-bikes
About 22,000 Ancheer E-bikes are being recalled.
Recall: Scuba Buoyancy Compensator Devices
About 1,350 Scuba Buoyancy Compensator Devices (BCDs) with LP inflator hose from Cressi-Sub USA are being recalled.
Thule Warns Of Lower Profits As Bike Market Weakens
Thule quantified its September announcement that the excess of inventory in Europe and North America would negatively impact its top line. Third-quarter sales are expected to decline 25 percent.
Snow Peak USA Announces New Leadership Structure
Snow Peak, the outdoor lifestyle brand based in Portland, OR, announced new leadership, including naming Noah Reis as vice president and chief operating officer, Snow Peak USA; Matt Liddle assumes the role of chief futures officer; and Yuichi Uchida was named chief brand officer.
Alterra Mountain’s Debt Ratings Upgraded
S&P Global Ratings raised its issuer credit rating on Alterra Mountain Co. to ‘B+’ from ‘B’ due to its improving leverage. S&P said it believes Alterra Mountain Co. will be able to sustain total leverage well below 6x even though S&P’S baseline assumption is for the U.S. economy to enter a shallow recession in early 2023.
Decathlon’s ‘A-2’ Short-Term Rating Affirmed On Strong Operating Performance
S&P Global Ratings affirmed Decathlon’s ‘A-2’ short-term credit rating on strong operating performance. S&P said consistent outperformance in 2021 and the first half of 2022 had positioned Decathlon favorably as market headwinds arise.
JD Sports CFO To Step Down Next Year
JD Sports Fashion said Chief Financial Officer Neil Greenhalgh will step down in 2023, after four years in the position.
Sportsman’s Warehouse Opens Three Stores
Sportsman’s Warehouse Holdings, Inc. recently opened new stores in Seminole, FL; Eastgate, OH; and Santee, CA. The company said it also expects to open two new stores in Montrose, CO and Jacksonville, FL before the end of 2022 and the start of the 2022 holiday shopping season.
Rocky Brands Announces Leadership Promotion
Rocky Brands, Inc. announced that its CFO, Tom Robertson, was promoted to the newly-created chief operating officer position responsible for overseeing business operations. The company also announced today that David Dixon, president of Manufacturing and Sourcing Operations, resigned from his position effective immediately.
