April 16, 2024 Adidas Bumps Full-year Outlook after Strong Q1
The Big a got a boost from its latest Yeezy drop, which added €150 million to the top line, helping it reach €5,458 million, a 4% improvement from last year’s €5,274 billion, which would have been up 8% constant currency. Lids’ New Fan Outfitters Banner Promises Elevated, Localized Focus
Having successfully refined its operating model with 11 stores open currently, Fan Outfitters is planning an aggressive rollout for 2023 and eventually aims to open nationwide, serving every U.S. market with a pro team. Gildan’s Activist Shareholder Fires Back at Tyra Plan
With two competing plans for the company’s future now in the public eye, Browning West was swift in their condemnation of new CEO Vince Tyra’s proposals.
Crocs welcomed back Terence Reilly, naming him EVP and president for Heydude, succeeding Rick Blackshaw, who is departing the company. SDS Imports Appoints DiCenso CEO
The Knoxville, TN-based firearms maker, which counts Tisas USA, Tokarev USA, MAC, Inglis, and Spandau Arms in its portfolio, appointed Christoper DiCenso as CEO. Bowflex Asset Sale Wins Court Approval
The U.S. Bankruptcy Court for the District of New Jersey put its stamp of approval on Johnson Heath Tech Retail’s stalking horse asset purchase of Bowflex for $37.5 million. Pure Fishing’s Debt Ratings Affirmed by Moody’s
Moody’s affirmed Pure Fishing’s Caa2 corporate family rating and its probability of default rating at Caa2-PD, but appended it with a limited default designation, deeming recent amendments to the company’s sponsor loans and cash interest relief to be a distressed exchange. Etcetera: Pentland, Dick’s, The Athlete’s Foot, Transports, Under Armour, Head/Tyrolia
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