May 18, 2022
Under Dog’s top dog will leave the post and the company’s board effective Jun. 1, but remain as an advisor through Sep. 1 to support a transition to a yet-to-be-named successor.
Net income fell 38% to $26,897,000 in the first quarter from $43,242,000 on a 3% drop in sales to $317,527,000 from $328,457,000, including contributions from newly acquired Shoe Station.
The ratings agency weighed in on VSTO’s plan to spin off its outdoor business, placing its Ba3 corporate family rating and B1 debt rating on review for a downgrade.
The troubled connected fitness company had significant interest from debt investors for its planned, $750 million offering, Bloomberg reported, noting that the debt will reportedly have a yield above 8%.
The fashion-focused department store that operated 13 locations when it filed for bankruptcy in Sep. 2020, is officially re-opening its NY flagship store across from the World Trade Center in the spring of ‘23.
The TJX-owned outdoor banner opened just one store in the first quarter of 20 planned for this year, ending the period with 60 doors.
The commissioners of the four major U.S. sports leagues, NFL, MLB, NHL, and NBA, signed on to a joint letter to Congress asking them to pass the Personal Health Investment Today Act.
Gun imports fell for the second consecutive month as Feb. handgun and pistol imports inched down 2% to 426,694 and 398,966, respectively, while revolver imports increased 9% to 27,728, according to ITC data compiled by the NSSF.