Callaway Golf Announces New $50 Million Stock Repurchase Program
Callaway Golf announced that its Board of Directors has authorized the company to repurchase up to $50 million of its common stock in the open market or in private transactions.
Prince Secures New Footwear Partner
Prince, the racquet sports and lifestyle brand owned by Authentic Brands Group (ABG), has partnered with Pajar Canada, to launch lifestyle footwear.
Aqua-Leisure Adds Talent To Support Growth
Aqua-Leisure Recreation, LLC. announced the expansion of its team with the addition of 14 new hires and five promotions across its North America and Asia offices.
Former New Balance CEO To Lead Purple Innovation
Rob DeMartini, the former president and CEO of New Balance, has been appointed acting CEO of Purple Innovation, the digital-native mattress upstart.
Foot Locker Adds Cozi Women’s Apparel Label
Foot Locker launched its first private label womenswear brand, Cozi, just two months after the debut of its proprietary LCKR fleece and casual label.
New Era Sets Debt Reorganization
New Era Cap, LLC has proposed a $300 million senior secured first-lien term loan due 2028 to support a recapitalization.
Caleres Debt Ratings Upgraded
Moody’s Investors Service upgraded Caleres, Inc.’s debt ratings, reflecting Caleres’ earnings growth coming out of the coronavirus pandemic as well as governance considerations, specifically recent debt repayment.
Accell Group’s YTD Revenues Climb 4.4 Percent
Accell Group reported revenues for the year-to-date through November came in at €1.29 billion, up 4.4 percent versus 2020.
Footwear Unlimited Appoints EVP Spyder Footwear
Footwear Unlimited announced Jon Hanson has been named executive vice president and general manager for its Spyder Footwear brand.
JCPenney To Offer Forever 21
JCPenney announced Forever 21 as the latest addition to its portfolio of fashion brands available in 100 JCPenney stores nationwide and online at jcpenney.com.
Gildan Activewear Announces Acquisition Of Frontier Yarns
Gildan Activewear Inc. announced that, through one of its wholly-owned subsidiaries, it has acquired 100 percent of the equity interests of Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of approximately $168 million.
Nike Acquires RTFKT
Nike Inc. announced the acquisition of RTFKT, a London-based crypto fashion brand.
AAFA Urges Biden Administration To Act On Inflation
American Apparel & Footwear Association President and CEO Steve Lamar reacted to reports that prices in America rose 6.8 percent in the 12 months ending in November—the largest rise in nearly 40 years. Prices for clothing and footwear rose 5 percent and 4.7 percent during this time.
Manitowoc’s Louie’s Sporting Goods To Close
Louie’s Sporting Goods, now operating one location at Manitowoc, WI, will be closing on December 23, according to a report from WBAY.com.
Blue Tees Golf Appoints Head Project Manager
Blue Tees Golf, a producer of golf rangefinders and accessories based in San Francisco, CA, has selected Sarah Richardson to oversee communications and collaborations cross-departmentally as its head project manager.
