S&P Global Ratings is forecasting that holiday sales growth will slow to about 3 percent in 2024 from 4.7 percent last year, remaining below the 10-year average of 5.3 percent. The firm said its outlook is influenced by waning, but persistent, inflation that has pressured household budgets.
Author: SGB Media
October Inflation Rate Gains 20 Basis Points from September’s Year-Over-Year Reading
The CPI, which measures costs across a spectrum of goods and services, increased 0.2 percent for the month. That took the 12-month year-over-year inflation rate to 2.6 percent, up 20 basis points from September.
Winter Occupancy Down on Higher Rates at Western Mountain Resorts
Overall, winter occupancy and rates are pretty even with last winter as of October 31, but the first three months of the season, from November through January, are more sluggish than usual. December is the biggest concern.
Altra Footwear Opens First Colorado Outlet Store
Located at the Outlets at Castle Rock, this new Colorado location will retail past-season and gently-used Altra products to running enthusiasts at significant savings.
Roadsurfer to Expand North American Rental Operations in 2025
The brand is well-established in Europe and dominates the RV rental market. With 14 new rental stations planned worldwide for 2025, the company will operate 90 locations across Europe, the U.S. and Canada, expanding its fleet to around 10,000 vehicles.
Club Studio Opens New Walnut Creek, CA Location
Club Studio Walnut Creek is the sixth Club Studio to open, the second in Northern California. Club Studio plans to have ten locations open nationwide by the end of 2024, and 23 open by the end of 2025.
Winchester Safes Makes Two Key Marketing Hires
Stevie Barefield has joined the company as the new director of marketing and Ainsley Mitchell joins as digital media specialist.
Perfect Moment Ltd. Appoints Head of Global Business Development
Rosela Mitropoulos is expected to lead the development and execution of the company’s global sales strategy for wholesale, online marketplaces and directly operated retail stores.
CNBC/NRF: October Retail Sales Bounce Back
Leaders in the year-over-year growth included E-Commerce & Catalog; Clothing, Footwear & Accessories stores, and Health & Personal Care stores. The Sporting Goods sector, which also includes Hobby, Music and Book stores, posted solid (+2.7 percent) month-over-month results but declined year-over-year.
Survey: NFL Football Fandom Community Plays Significant Role in Home Search
When it comes to NFL fans and the teams they support, a connection to their community is a major driving force and influence with nearly one-third of NFL fans in a recent survey by Realtor.com saying they would change teams if they moved to a new city or state.
BSN Sports, Varsity Spirit Parent Launches Employee Ownership Program
The initiative reflects a growing movement across corporate America, inspired by the nonprofit organization Ownership Works and its founding partners, including KKR, to give employees a stake in the value they help create.
Blink Fitness Receives Court Approval for Sale
The U.S. Bankruptcy Court has approved the sale of its corporate operations and New York and New Jersey locations to PureGym. On November 7, 2024, the Court also approved the sale of Blink’s Chicago, Houston and California locations to an affiliate of JTRE Holdings, LLC.
Rural King Opens New Stores in Georgia and North Carolina
The family-owned retailer serving a rural lifestyle, reports that its newest stores are now open in Waycross, GA, the second Georgia store for the retailer this year, and in Rocky Mount, NC.
Leica Appoints Director of Marketing for Sport Optics
Ryan Holm joined Leica USA’s sports optics division and has now stepped into the leadership role as part of Leica’s strategy to reenergize its brand and build on momentum across core verticals such as hunting, birding, and outdoor recreation.
Callaway Revenues Beat Q3 Estimates Despite Flattish Sales from Topgolf and Equipment
The company posted a 2.7 percent year-over-year decrease in revenue, driven by an 11.1 percent decrease in the Active Lifestyle segment, and partially offset by 1.2 percent revenue growth at Topgolf and flat growth in Golf Equipment revenues.
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