April 15, 2020
Lisa Collier comes to Under Armour from Not Your Daughter’s Jeans, where she was president and CEO, with a long career at Levis Strauss prior that included running the Docker’s brand.
A new alliance with Midwestern chain Hy-Vee will initially be a BOPUS setup but evolve into a shop-in-shop concept over time.
The Kelty and Sierra Designs parent is adding Huntsville, AL-based Compass 360’s fishing, hunting, camping gear to the Hunt/Fish/Camo business unit in its growing portfolio of outdoor brands.
Following Standard & Poor’s downgrade last week, Moody’s kept Varsity Brands’ corporate family rating at B3, its probability of default rating at B3-PD, and the rating on it senior secured first lien term loan at B2.
Adjusted sales for sporting goods/hobby/book and music stores tumbled 22.7% last month to $4,982 million from $6,448 million, according to Commerce Dept. data, hurt by store closings that began in the middle of March in many regions as the coronavirus spread.
Caleres said that e-commerce sales have been strong since it began closing stores in mid-March and furloughed retail employees at the beginning of April, allowing it to maintain its $175 million cash balance.