Bed Bath & Beyond (USA) is pulling together $1 billion in funding that included an equity offering of preferred stocks and warrants, along with a $100 million loan from lender Sixth Street Partners.  The retailer has appointed bankruptcy expert Holly Etlin as interim CFO. 

The Children’s Place (USA) has cut its Q4 guidance forecasting net sales of $454 million to $456 million, down about 10.7% year-on-year.

Sosandar (UK) plans to raise £4.5 million ($5.4 million) via a placing in efforts to accelerate the execution of its omni-channel strategy.   The brand said it plans to carry out a separate offer of up to 2.27 million new ordinary shares to raise a further £500,000.  In January, Sosandar said revenues had hit a new record high in its third quarter ended Dec. 31.

Under Armour (USA) beat analysts expectations with revenue of $1.58 billion from $1.53 billion a year ago.  Net income for the three-month period that ended Dec. 31 was $121.62 million, compared with $109.66 million a year earlier.

Adidas (Germany) has warned that it could take a revenue hit of $1.5 billion and slump to a loss this year if it writes off Kanye West’s Yeezy stock, a move that it says ​​will hit operating profits by €500 million in 2023.  That loss could be reduced if Adidas finds a way to “repurpose” some of its Yeezy stock, the brand said.

Adidas said its operating profit for 2022 fell to €669 million, a two-thirds fall on the €2 billion it made in 2021.