Wolverine World Wide’s Credit Facility Rated By S&P
S&P Global Ratings assigned its ‘BBB-‘ issue-level rating and ‘1’ recovery rating to Wolverine World Wide Inc.’s refinanced senior secured credit facility, which comprises a $1 billion revolving credit facility and a $200 million term loan due 2026.
Clarus Announces Pricing Of Common Stock Offering
Clarus Corporation announced that it has priced an underwritten public offering of 2.75 million shares of its common stock for total expected gross proceeds of $74.2 million before underwriting fees and estimated offering expenses.
Garmin Delivers Seven Percent Q3 Growth
Garmin Ltd. reported total revenue of $1.19 billion in the third quarter, a 7 percent increase over the prior year quarter. The gains were led by Marine and Aviation segment sales.
Delta Apparel Revenue Increases Six Percent In Fiscal 2021 September Quarter
Delta Apparel Inc. said it expects overall net sales for the 2021 September quarter to be approximately $114 million, an increase of about 6 percent over last year’s fourth quarter sales calculated on a comparable 13-week basis.
Shimano’s Raises Full-Year Guidance On Robust Nine-Month Growth
Shimano reported earnings nearly doubled in the nine months as sales grew 49.6 percent. Bicycle Components segment sales grew 56.0 percent while Fishing Tackle segment sales gained 27.6 percent.
Head Canada Appoints Vice President Winter Sports
Head promoted Chris Vanderknokke to vice president of Winter Sports, Head Canada. He was director of sales and marketing for Winter Sports.
REI Readies Opening In Jackson Hole
REI Co-op plans to open its new store in Powderhorn Mall in Jackson Hole, WY on November 5. The store, located at 974 West Broadway, is the retailer’s first store in the State.
Puma Lifts Outlook On Robust Q3 Results
Puma said it now expects currency-adjusted sales to expand at least 25 percent for 2021, up from at least 20 percent previously, and also raised its earnings guidance after reporting healthy third-quarter growth. Sales in the third quarter rose 20 percent currency-neutral, led by a 31 percent gain in the Americas region.
IHRSA 2021 Draws Nearly 4,000 Attendees
The 40th Anniversary IHRSA International Convention & Trade Show, held in Dallas, TX, drew nearly 4,000 health club operators, suppliers and fitness industry professionals despite travel restrictions.
International Surfing Association Appoints Marketing And Media Manager
The International Surfing Association (ISA) has confirmed the appointment of Federico Ferroni as their new marketing and media manager.
Russell Athletic Partners With Alphabroder
Russell Athletic announced a partnership with Alphabroder, the distributor of imprintable sportswear and accessories in North America. Through this partnership, an assortment of core styles from Russell Athletic will be available at five distribution centers between California, Texas, Illinois, Pennsylvania, and Georgia.
Orvis Hires Chief People Officer
Orvis announced that Rebecca Jones was hired as chief people officer, effective October 18, 2021. In this new position, Jones is providing executive oversight for its HR department, focused on employee engagement, support, development, training, and growth within the organization.
Victory Archery Continues Partnership With RubLine Marketing
Victory Archery has renewed its partnership with RubLine Marketing.
Sentinel Capital Partners Acquires Controlled Products
Sentinel Capital Partners, a private equity firm, announced its acquisition of Controlled Products, a manufacturer and distributor of synthetic turf products for landscape, sports, commercial, and specialty applications.
VF Corporation Publishes Sustainability & Responsibility Report
VF Corp. published its latest Made for Change Sustainability and Responsibility Report, which highlights its achievements to date, including progress toward science-based targets.
