September 19, 2023
Net income fell 18% in the second quarter to CZK 458,336,000 ($21.2 mm) from CZK 559,975,000 on revenues that improved 10% to CZK 3,847,680,000 ($177.7 mm) from CZK 3,495,613,000.
HBI will evaluate strategic options for its global Champion business, which has under performed in recent quarters, a month after Barington Capital Group called for a more draconian restructuring than the company’s Full Potential plan.
Moody’s elevated ABG’s corporate family rating and probability of default rating to B1 from B2, and the rating on its senior secured second lien term loan due 2029 to B3 from Caa1.
Following VFC’s loss before the U.S. Court of Appeals, where it had appealed an $875.7 million unfavorable IRS ruling, Moody’s cut its outlook to negative from stable, while affirming its debt ratings.
Largely concurring with last week’s forecasts from Deloitte, AlixPartners and others, Mastercard SpendingPulse expects retail sales excluding cars to grow 3.7% this Holiday season, as retailers fight for value conscious shoppers.
The National Retail Federation announced that Dick’s SG chairman Ed Stack will receive the Visionary Award at its ninth annual Foundation Honors gala to be held on Jan. 14.
Following an investigation launched after a March complaint by Club-Conex, the U.S. International Trade Commission has issued a limited exclusion order against Top Golf Equipment Co. Limited (no relation to MODG), Volf Sports Co., and WoFu Sports Goods Co.