Levi Strauss Introduces Plan To Accelerate Growth
At its Investor Day, Wednesday, Levi Strauss & Co. set a goal to reach 2027 net revenue of $9 billion to $10 billion, reflecting 6 percent to 8 percent organic annual growth. The forecast marks an acceleration from its former annual growth rate in the range of 4 percent to 6 percent.
24 Hour Fitness Appoints President And CEO
24 Hour Fitness announced it appointed Karl Sanft as president and CEO. For the past three years, Sanft has worked at the company as chief operating officer overseeing its nationwide network of clubs.
Industrial Revolution Expands Sales Team
Industrial Revolution has expended its sales team with the addition of the Virginia-based Taku Agency.
Foot Locker Appoints Chief Strategy & Transformation Officer
Foot Locker, Inc. has appointed Neil Bansal as Executive Vice President and Chief Strategy & Transformation Officer, effective immediately. He joins the company from Constellation Brands, where he was senior vice president, strategy, insights and analytics.
Polygiene Appoints COO
Polygiene Group appointed Frank Stevens as chief operating officer for the company. His most recent position was as general manager of Textiles for Sciessent, LLC in the United States, where he worked for more than ten years.
West Marine Appoints Chief Commercial Officer
West Marine, Inc. appointed Stacey Renfro as chief commercial officer. She joins the company’s senior leadership team reporting to Eric Kufel, CEO.
Lax.com Acquires Zimagear
Lax.com, the online lacrosse specialty retailer, announced the acquisition of Zimagear.
Foot Locker’s Debt Ratings Affirmed By S&P
S&P Global Ratings affirmed all its ratings, including its ‘BB+’ issuer credit rating, on Foot Locker following a review.
Wolverine World Wide’s Debt Rating Outlook Revised To Negative
S&P Global Ratings revised its outlook on Wolverine World Wide, Inc. to negative from stable due to an expected increase in leverage due to environmental legal settlement charges and share repurchases. S&P at the same time affirmed all of its ratings, including its ‘BB’ issuer-credit rating.
Hanesbrands Discloses Ransomware Attack
Hanesbrands, the parent of Champion, has disclosed a ransomware attack. The company identified the incident on May 24 and activated its business continuity plans accordingly.
Five V Capital Becomes Majority Owner Of Sea To Summit
Sea to Summit Pty, Ltd., the adventure equipment brand headquartered in Perth, Western Australia, announced that Australia-based investment firm, Five V Capital, signed an agreement to become the majority shareholder in the company.
Sportsman’s Warehouse Fiscal Q1 Profits Contract as Comps Shrink 11.6 Percent
Sportsman’s Warehouse Holdings, Inc. reported that fiscal first-quarter net sales were $309.5 million for the 13-week period ended April 30, 2022, a decrease of 5.3 percent compared to the $327.0 million year-ago period. Adjusted diluted earnings per share were 5 cents compared to adjusted diluted earnings per share of 28 cents for the comparable 2021 quarter.
Asics Offers Meal Delivery Service To U.S. Running Community
Asics is offering a prepared meal delivery service in the U.S. with Freshly to help runners optimize performance and recovery.
Moulton Bicycles Appoints COO
Moulton Bicycles appointed Mat Hubbard as chief operating officer.
Wilson Opens Second Store In New York City
Wilson Sporting Goods opened its second retail store in New York City. The store is located on the Upper East Side of Manhattan.
