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.
Kohl’s Urged By Activist Investor To Reorganize Board
Activist investor group Macellum Advisors is once again pushing for board seats at Kohl’s Corp and the ouster of its chairman, according to a letter from the hedge fund to the shareholders on Thursday.
GunBroker.com To Launch In-House Marketing Services
Ammo, Inc., the owner of GunBroker.com, announced it is launching in-house marketing services to manufacturers and its Marketplace sellers on or about January 1, 2023.
Bass Pro Expanding Sunset Hills Store
The pending Bass Pro Shops location in Sunset Hills, MO will add 17,500 square feet onto its original 75,000-square-foot layout.
Golftec Opens Location Outside Salt Lake City
Golftec continues its nationwide expansion opening an instruction and club fitting center in Lehi, UT, its second location in the state.
Ibex Partners With Two New Agencies To Cover Northeast And Southern Central Regions
Ibex has partnered with two new sales agencies to manage sales in the Northeast and the South Central U.S.
Houdini Establishes U.S. Office In Portland, Bolsters Leadership Team
Houdini, the Swedish outdoor brand, hired Niclas Bornling as GM, North America, and Brian Anthony as head of sales and merchandising. Both work from its Portland, OR headquarters.
North Arc Capital Acquires Project 321
North Arc Capital announced it had acquired the Project 321 brand, known for its magnetic-pawl mountain bike hubs, and bike hub-related assets from JLSO, Inc.
Wilson Sporting Goods Names Global GM, Rac Sports
Wilson Sporting Goods Co. promoted Jason Collins, senior director, global product, to global general manager, Racquet Sports, effective immediately.
Saris Cycling Group Acquired By C+A Global At Bankruptcy Auction
C+A Global acquired Saris Cycling Group at a bankruptcy auction and will rename the brand Saris Equipment.
VF Names Global President, Dickies
VF Corp. promoted Lance Meller to global brand president, Dickies. The company announced the hire during its recent Investor Day meeting.
