April 15, 2020 Under Armour Taps Jeanswear Vet as New Chief Product Officer
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. Designer Brands Sets Link to Supermarket Chain
A new alliance with Midwestern chain Hy-Vee will initially be a BOPUS setup but evolve into a shop-in-shop concept over time. Exxel Outdoors Buys Compass 360
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. Moody’s Holds Varsity Brands Ratings Steady
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. Sporting Goods Sales Plunge in March
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. Covid-19 Updates: Caleres, Arc’teryx
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.
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