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.
On Launches Online Trade-In Program
On, the Swiss running brand, announced the launch of a new resale site and online trade-in program
Rally House Opens Store In Ann Arbor
Rally House opened a store west of the metro area of Ann Arbor, MI.
Belk Names Chief Executive Officer
Belk announced that Don Hendricks has been named chief executive officer of the department store chain. Hendricks has served as interim CEO since May 2022 and previously served as president and chief operating officer.
SeaJack Acquires Kengos
SeaJack announced it acquired Kengos, a plant-based and adhesive-free footwear maker based in Brooklyn, NY.
Oofos Receives Investment From Derek Carr
Oofos said Las Vegas Raiders Quarterback, Derek Carr, has invested in the recovery footwear maker as part of a multi-year partnership that also sees Carr as a brand ambassador.
Recall: Tethrd Climbing Sticks
About 7,700 Tethrd One Stick Gen 2 climbing sticks are being recalled. Under pressure, one or more of the climbing stick’s steps could crack causing them to break, posing fall and injury hazards to the users.
The North Face Confirms Cyberattack
The North Face confirmed that its website, thenorthface.com, was impacted by a large-scale “credential stuffing attack” that resulted in the hacking of 194,905 customer accounts.
Import Slowdown Continues As Fed Tries To Rein In Consumer Demand
With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation.
Alterra Mountain Company Acquires Ski Butlers
Alterra Mountain Company acquired Ski Butlers, a ski equipment rental and delivery service headquartered in Utah.
Erem Hires Vice President, Operations And Wholesale
Erem, the hiking boot company, recently hired Chris Rischke as vice president of operations and wholesale, effective immediately. Most recently, he was director of operations at Oboz for five years.
American Outdoor Brands Reports 28 Percent Q1 Revenue Slump
American Outdoor Brands Inc. reported sales were down 28 percent in the first quarter ended July 31.
Zumiez Q2 Falls Short Of Guidance
Zumiez Inc. reported sales were down 18 percent in the second quarter ended July 30 and fell by the same amount in August. Second-quarter results were well below company guidance. Rick Brooks, CEO, said, “We are disappointed that our recent performance fell short of expectations and we are making adjustments to our merchandise assortments and managing expenses in order to improve near-term results.”
