Net income tumbled 68% to $6,539,000 from $20,376,000 in the third quarter as lower sales at Journeys resulted in a 4% decline in total revenues to $579,315,000 from $603,788,000, including a -4% blended comp, with stores down 7% and direct up 8%.

The ratings agency lowered HBI’s corporate family rating and probability of default rating to B1 from Ba3 and its senior unsecured ratings to B3 from B1, while leaving other ratings unchanged.

As part of the previously announced Vista split and acquisition of its ammo business by Czechoslovak Group a.s., the company appointed Eric Nyman and Jason Vanderbrink as co-CEOs, it revealed in an SEC filing.

The Compass Diversified-owned apparel brand elevated co-founder and former CEO, Francisco Morales to executive chair and tapped Troy Brown as CEO, effective Jan. 1.