January 10, 2024
The U.K.-based women’s fitness apparel brand reported its own full-year 2022 results to its home country’s Companies House, with some greater detail than parent Wolverine Worldwide provides.
Yue Yuen’s manufacturing segment revenue inched down just 2% in Dec. to an implied $420,401,000 from $429,232,000 last year, anniversarying the first of 12 straight months of declines as customers cut back on orders.
Jenny Ming, who has served on the sustainable footwear and accessories maker’s board since 2022, has been named CEO, while current COO and CFO Dayna Quanbeck adds president to her responsibilities.
REI Co-op plans to grow its fleet by double digits in 2024 and has already secured locations for two additional stores to open in 2025.
The ratings agency upgraded the league licensed kids’ apparel maker’s probability of default rating to Caa1-PD/LD from Caa2-PD following the non-payment on its non-extended term loan that matured at the end of Dec.