Moody’s Downgrades Li & Fung’s Debt Ratings
Moody’s Investors Service lowered the debt ratings of Li & Fung following the sale of its logistics segment.
Kohl’s Debt Ratings Downgraded
S&P Global Ratings downgraded the debt ratings of Kohl’s Corp. following the retailer’s update on its sales and earnings guidance for the full year. S&P said it expects Kohl’s medium to long-term business prospects will continue to be challenged by the secular headwinds facing department stores.
Urvan Group Offers To Collaborate With Ammo, Inc.’s On Annual Board Meeting Date
The Urvan Group, owner of approximately 17.1 percent of outstanding common shares of Ammo, Inc., issued a statement in connection with its nomination of seven candidates for election to Ammo’s Board of Directors at the 2022 Annual Meeting of Shareholders. Urvan Group is offering to collaborate with Ammo’s Board to set a fall 2022 date for its Annual Meeting.
Dick’s SG Expands On-Demand Retail Delivery
Dick’s Sporting Goods has partnered with DoorDash to use its on-demand delivery service. This makes Dicks its first sporting goods and retail apparel partner.
Red Bull Racing Partners With Castore
The Red Bull Formula One team entered into a multi-year partnership with the UK sportswear brand Castore. The agreement begins with the start of the 2023 season. Castore will supply the racing team with apparel, including sportswear.
Lands’ End Announces CEO Succession Plan
Lands’ End, Inc. announced that Andrew McLean, president, International, at American Eagle Outfitters, would join Lands’ End as CEO-designate and as a member of its Board on November 1, 2022.
SylvanSport Expands Engineering Team
SylvanSport, the Brevard, NC-based maker of camping trailers, rooftop tents and outdoor gear, announced it hired Brandon Miller as engineering director and VAST specialist to oversee its Engineering Department and procedures.
MeUndies Appoints Chief Marketing Officer
MeUndies, the Los Angeles-based underwear and loungewear company, hired Elizabeth Krause as chief marketing officer. Krause has over two decades of marketing experience working at brands including Speedo, Volcom, Fox Racing, and Oakley.
GroupeSTAHL Hires New CFO
Michigan-based GroupeSTAHL hired Derek Nugent as chief financial officer.
Lids Opens Flagship In Las Vegas
Lids opened a flagship store on the Las Vegas Strip. The two-story building is the retailer’s largest concept store at 12,000 square feet.
Western Mountain Destinations See Increased Bookings During August
The combination of strong rates and an uptick in bookings has bolstered western mountain destinations’ chances for a strong end-of-summer finish and laid a good foundation for the upcoming winter ski season, according to DestiMetrics.
Rothy’s Prevails In Infringement Lawsuit Against Birdies
Rothy’s Inc. announced that a federal court in the Northern District of California has entered a Consent Judgment in Rothy’s patent infringement lawsuit against Birdies, Inc., permanently enjoining and restraining Birdies from selling its infringing knit Blackbird shoes and any other products that infringe Rothy’s design patents asserted in the litigation.
Varsity Spirit To Open New Headquarters In Downtown Memphis
Varsity Spirit will open its new headquarters in downtown Memphis, TN.
BikeExchange Announces Changes In Leadership
BikeExchange/Kitzuma Cycling Logistics has added and shuffled North American positions for BikeExchange, including promoting Cameron Simpson as head of North America.
Recall: Cervélo Bikes
Cervélo recalled about 2,043 model year 2022 R5 and Caledonia-5 bicycles and 182 ST31 LT replacement stems because the bike’s handlebars could slip in the stem and cause the rider to lose control.
