Kohl’s Urged By Activist Investor To Make Changes Or Explore Sale
Activist hedge fund Macellum Advisors said on Tuesday Kohl’s should explore strategic options, including a sale, if the retailer does not improve business to boost its stock price.
SHOT Show Holding Its Largest Show
The 44th Annual SHOT Show, being held at The Venetian Expo and Caesars Forum from January 18-21 underwent an expansion that makes this year’s show its largest venue. Show organizers said more than 2,400 companies will exhibit in the 800,000-square-foot exhibit space.
USTA Southern Appoints Executive Director & COO
USTA Southern President & CEO Randy Jackson announced that USTA New England Executive Director/COO Matt Olson has been named USTA Southern Executive Director & COO.
K-Swiss Appoints New Apparel Licensee
K-Swiss has appointed The Singer Capital Portfolio, which does business as Lucky In Love, as its new apparel licensee.
OpSec Appoints VP Strategic Accounts And Partnerships
OpSec Security appoints Greg Sim as vice president, strategic accounts and partnerships in the North American Sports Licensing, Apparel and Footwear markets.
Amer Sports’ Debt Ratings Upgraded To Positive On Strong Earnings
Moody’s Investors Service changed to positive from stable the outlook on the ratings of Amer Sports as the company saw revenue growth of 29 percent in the year-to-date period ended September 30. Moody’s said, “Consumer demand for sports apparel, footwear and individual ball sports equipment has proven to be stronger than expected across all segments.”
Mountain Hardwear Appoints Director Of Sales
Mountain Hardwear announced Sablle Scheppmann was appointed as the brand’s director of sales. Scheppman has held the role of the company’s national sales manager for the past three and half years.
MycoWorks Raises $125M To Scale Mushroom Leather Material
MycoWorks, a company developing a fungal-based biomaterial that it said could replace leather, has secured $125 million in Series C financing.
H2U Raises US$8M To Fund Growth
Health to U (H2U) Corporation, a provider of digital health and wellbeing platforms, announced the close of a U.S.$8 million round of funding led by Sharp and Foxconn Technology.
The Bay Appoints Chief Customer Officer
The Bay, based in Toronto, appointed Alexander Meyer as chief customer officer. Meyer will oversee strategy and customer insights, marketing and creative, loyalty, and communications functions for The Bay and Hudson’s Bay businesses.
Cotopaxi Partners With Sezzle To Offer Flexible Payment Options
Cotopaxi announced it has partnered with Sezzle to offer a Buy Now, Pay Later (BNPL) option for its consumers.
Frankie4 Opens First Store And U.S. Headquarters In Seattle
Following the U.S. e-commerce launch of the women’s Australian fashion comfort footwear brand in 2021, Frankie4 has announced the opening of a retail store and U.S. headquarters in the Capitol Hill district of Seattle.
Peloton To Be Removed From Nasdaq 100
Nasdaq said Thursday evening that Peloton’s stock (PTON) would be replaced by trucking company Old Dominion Freight Line (ODFL) in the Nasdaq 100 Index on January 24.
Western Resorts See Strong Occupancy Rates Holiday 2021
Ample snowfall beginning in mid-December across the western U.S. led to a winning holiday season, whether compared to the pandemic-addled season last year or to pre-pandemic, record-breaking holiday seasons, according to DestiMetrics.
Nike’s Debt Ratings Raised To Stable From Negative
Moody’s Investors Service changed Nike Inc.’s debt ratings outlook to stable from negative to reflect Nike’s strong revenue and earnings growth that have improved its debt leverage.
