While total net new store openings are expected to grow at a robust pace in 2024, many retailers are taking a more conservative posture, reining in expansion in the face of high interest rates and uncertainty about future consumer demand.

The ratings agency raised CAL’s issuer credit rating to BB from BB- due to the retailer reducing its adjusted debt-to-EBIDTA toward the high 1x area, supported by improved margins and continued paydown of its asset-based lending facility.

Vail said unfavorable weather across its North American resorts translated into an 8% decline in total skier visits at MTN’s mountain resorts, while retail/rental revenue in N.A. locations was down 7%.

Of the 2% reduction in its workforce announced in Feb., about half, or 740 employees will be laid off from the Beaverton, OR, world headquarters, according to a WARN notice filed with the state.