August 03, 2020
Despite a first half marred by the impact of the pandemic, both Moody’s and S&P affirmed that Amer Sports has adequate liquidity to operate through the year and each assigned a low investment grade rating of B3 and B- on a new €100 million facility issued by the company.
Athletic footwear and apparel retail sales declined low teens for the first six months of 2020, NPD Group reported, but there was considerable variation between the winners and losers.
The firearms sales boom sparked by the coronavirus pandemic and fueled by civil unrest following the George Floyd killing shows no signs of slowing, driving another huge increase in July.
Winnie Ma was tapped by the Vans and North Face parent as president of Greater China, a new role in the company that reflects the growing importance of the region.
Parent Safilo Group named former Costa Del Mar exec Francesco Rinaldi Ceroni as general manager for Smith Sport, overseeing global operations based at its Portland, OR, headquarters.
Smith & Wesson Brands has now set a timetable for the previously announced spin off of its outdoor brands business into a new, publicly trade company called American Outdoor Brands.
The DSW parent will reduce its total workforce by about 8% as part of an internal reorganization, intended to integrate the Camuto Group, which it acquired in 2018, and shift focus to e-commerce from retail stores.
Golfers’ pent-up demand fueled a 51% increase in golf equipment sales in June, when retailers reopened stores after months of forced closures in many regions, NPD Group reported.
The Helen of Troy-owned drinkware maker filed a complaint with the International Trade Commission naming 25 companies that it says are manufacturing or selling products that infringe on its IP.