Sqairz Appoints VP Of Operations
Sqairz, the golf shoe company based in Windham, NH, hired industry veteran Brad Mills as vice president of operations.
PlayOn! Sports Appoints CFO, Adds Board Member
PlayOn! Sports, which operates the NFHS Network, hired Susan Young as CFO and elected former Turner Sports COO Matt Hong to its Board.
Seawall Capital Acquires Majority Stake In Sports Endeavors
Seawall Capital has attained a majority stake in Sports Endeavors Inc., the owner of online retailer soccer.com, worldsoccershop.com and 431sports.com. The founding Moylan family of Sports Endeavors remains a minority investor and will continue to lead the North Carolina company.
New Balance To Sponsor First Division III University
Babson College Department of Athletics and Recreation and New Balance announced an apparel deal with current provider BSN Sports and additional ancillary benefits with the Boston-based firm.
USA Triathlon Appoints Board Member
USA Triathlon announced that Yvonne Spencer has been appointed as a general director of the USA Triathlon Board of Directors. Her term goes until December 31, 2025.
PushPress Secures $11 Million In Series A Funding
PushPress, Inc., a fitness studio management software company, announced it has raised $11 million in Series A funding led by Altos Ventures, with participation from Mucker Capital.
Ahead Appoints VP Of Operations
Ahead has promoted Barbara Casagrande to the newly created position of vice president, operations. Casagrande joined the headwear company in 2015 and has served as its director of operations since that time.
Hanesbrands’ Debt Ratings Revised To Negative
S&P Global Ratings revised its debt ratings outlook on Hanesbrands, Inc. to negative. The rating agency said Hanesbrands reported second quarter 2022 earnings below S&P’s expectations, specifically leverage of about 4.2x, compared to prior expectations of mid-3x, and due to the underperformance at its key growth brand Champion.
Wolverine World Wide’s Debt Ratings Lowered
Moody’s Investors Service downgraded Wolverine World Wide, Inc.’s debt ratings. The downgrade reflects Wolverine’s elevated leverage compared to Moody’s original expectations and similarly rated peers and risks to the pace of deleveraging given macroeconomic, foreign currency, supply chain pressures, and the more promotional retail environment.
Rally House Multiplies In Louisville Market With New Store
Rally House was introduced to Louisville earlier this year, and the chain has opened another new location in the area with Rally House Paddock Shops.
Stella International Sees 19 Percent Growth In First Half
Hong-Kong-based Stella International Holdings Ltd’s revenue increased by 18.9 percent in the six months to U.S.$827.2 million with support from 9.4 percent growth in shipment volume.
Revo Brands Hires Chief Revenue Officer
Revo Brands, the parent company of Real Avid and Outdoor Edge Cutlery, has hired Jody Agnew as chief revenue officer.
The Buckle’s Q2 Profits Slip 2.5 Percent
The Buckle Inc. reported earnings in the second quarter that were slightly down year over year although same-store sales showed a modest gain.
RV Retailer Expands Into Atlanta With Camper City Acquisition
RV Retailer, LLC announced the acquisition of Camper City with a location in Buford, GA in the greater Atlanta market.
Foot Locker’s Q2 Tops Wall Street Targets, Outlook Slightly Lowered
Foot Locker Inc. reported second-quarter earnings declined sharply versus year-ago levels but topped Wall Street’s consensus estimate. The sneaker giant now sees full-year results arriving at the lower end of previous guidance.
