Olympia Sports Files For Bankruptcy Protection To Liquidate Remaining Stores
Maine-based Olympia Sports Acquisitions, LLC filed for Chapter 11 protection with plans to liquidate its remaining 35 stores, citing poor sales, online competition and residual problems from the COVID-19 pandemic.
Federal Ammunition Breaks Ground On Raw Materials Warehouse Construction Project
Federal Ammunition, a Vista Outdoor, Inc. brand, broke ground on a 100,000-square-foot warehouse expansion located in the Eastern part of Federal’s property in the city limits of Coon Rapids, MN.
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year.
Drive Shack Opens Puttery Location In Houston
Drive Shack, Inc. has opened the Puttery in Houston, TX.
Hudson’s Bay Appoints President
Hudson’s Bay announced that Wayne Drummond is retiring from the company, and it hired Sophia Hwang-Judiesch as president, effective September 19, 2022.
Headrest Safe Company Hires CEO
The Headrest Safe Company, LLC has hired Irving Meisler as chief executive officer. He is the founder of the company.
Peloton’s Co-Founders Step Down From Board
Peloton Interactive, Inc. said it had accepted the resignations of John Foley as Executive Chair and Hisao Kushi as Chief Legal Officer, effective September 12, 2022, and October 3, 2022, respectively. The Board elected Karen Boone as Chairperson.
MidwayUSA Appoints VP E-Commerce
MidwayUSA recently promoted Adam Augustine to vice president of e-commerce.
Newell Brands’s Debt Ratings Outlook Lowered
S&P Global Ratings revised its debt ratings outlook on Newell Brands Inc. to negative from stable. The revision follows Newell’s move to lower its earnings and cash flow guidance significantly for the remainder of the year because of weak macroeconomic conditions, volume declines due to orders pullback from key customers, and continued inflationary pressures.
Ripton & Co. Opens Retail Store And Office Space In Boulder
Ripton & Co., the technical active stretch denim brand, opened a retail store and office in Boulder, CO.
Lands’ End’s Q2 Sales Decline 9 Percent
Lands’ End, Inc. reported a net loss in the second quarter ending July 29 as sales slid 8.6 percent. Results exceeded guidance but the outlook for the year was lowered.
USA Skateboarding Appoints CEO And President
USA Skateboarding appointed Johnny Schillereff as chief executive officer and president.
Newell Brands Launches Debt Offering
Newell Brands announced the public offering of $500 million aggregate principal amount of 6.375 percent notes due 2027 and $500 million aggregate principal amount of 6.625 percent notes due 2029.
Survey: One-Third Of Gym-Goers Say They Have Not Returned To The Gym
UpSwell Marketing’s recent fitness consumer survey found that while 50 percent of respondents returned to the gym within nine months of COVID restrictions lifting, nearly one-third, 27.7 percent, said they have not returned, and 31.2 percent are working out less in 2022.
Bangor’s Epic Sports To Close
According to the Bangor Daily News, Epic Sports, based in Bangor, ME, plans to close the store this fall after 25 years in business.
