April 20, 2023
The Chinese sportswear giant saw sales grow mid-single digits in Q1, excluding its Li Ning Young sub-brand, with directly operated retail sales up mid-teens, wholesale growing mid-singles, though e-commerce was down low-teens.
Revenues declined 26% in the first quarter, as the company expected, to about $284.6 million from $383.3 million last year, faced with a tough comparison and customers pulling back orders.
Following a downgrade by S&P Global earlier this month, Moody’s has now cut Kohl’s corporate family rating to Ba2 from Ba1 and lowered its other ratings by one notch, too.
Mark Miller and Doug Sheridan are launching Purra Performance, an antimicrobial lifestyle apparel brand with a separate B2B division for brands looking to adopt its technologies.
The parent of Solo Stoves, Chubbies and other brands filed a shelf registration on behalf of several large shareholders to sell up to 73,679,139 shares of its common stock “from time to time”.
JD Sports appointed Michael Armstrong to the newly created position of global managing director to drive growth and advance expansion plans internationally, particularly in the North American and European markets.
BIRD entered into an amendment credit agreement with its lender, JPMorgan Chase, that increases the committed amount to $50 million from $40 million.
Rollerblade parent, Tecnica Group USA is recalling about 13,400 Rollerblade Fury inline skates because the brake support for the rear brake can fracture or separate.