In today’s CNBC/NRF Retail Monitor report, the retail sales bounce back in October continued a moderate trend into November even as two of the holiday season’s busiest shopping days rolled over into December.
Author: SGB Media
Puma Partners with Spinnova for Wood-Based Fiber
Puma has partnered with Finnish textile material innovation company Spinnova to develop “proof-of-concept products” from wood-based Spinnova fiber for future collections, particularly for products in Puma’s Sportstyle category.
DSW Parent Slashes Full Year Guide After Q3 Miss; Total Comps Fall 3.1 Percent
DBI reported fiscal third quarter net sales decreased 1.2 percent year-over-year to $777.2 million in the 13-week period ended November 7, short of the $802.14 million expected on Wall Street.
Kemper Sports Names Manager of NJ Golf Course Portfolio
KemperSports appointed the Morris County Park Commission to manage its Berkshire Valley, Flanders Valley, Pinch Brook, and Sunset Valley courses in New Jersey.
Florida’s Soleta Golf Club Officially Opens
The Nick Price-designed Soleta Golf Club has officially opened near Sarasota and Lakewood Ranch, FL, which includes a 7,400-yard, par-72 course that winds through an undisturbed sanctuary-like landscape, preserving all the wetlands.
G-III Apparel Group Ups Full Year Profit Outlook as it Lowers Top-Line Guide
Net sales for the third quarter ended October 31, 2024 increased 1.8 percent to $1.09 billion compared to $1.07 billion in the prior-year Q3 period.
ORR Releases Annual State Rankings Based on $1.2T Economic Impact Report
The Outdoor Recreation Roundtable (ORR) announced its second annual rankings of state outdoor recreation economies based on the latest U.S. Bureau of Economic Analysis (BEA) data.
NRF: Retailers and Vendors Continue to Surge Goods Ahead of Strike and Tariffs
Hackett Associates Founder Ben Hackett said retailers are under pressure as they front-load cargo to avoid both the disruption of the strike and higher costs from the tariffs.
Vail Resorts Posts Flattish Fiscal Q1 Results in Historically Small Quarter
The company’s first fiscal quarter historically operates at a loss, given that its North American and European mountain resorts are generally not open for ski season. The quarter’s results were driven by winter operations in Australia and summer activities in North America.
Ski-Doo Parent’s Q3 Profits Get Crushed as it Focused on Inventory Reductions
the Canada-based parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands, said it continued to focus on reducing network inventory in fiscal Q3 which resulted in reduced revenues versus the prior-year Q3 period.
X Games Names Jeremy Bloom as CEO
Bloom’s track record as an athlete and in building and managing companies will be instrumental in continuing to elevate the X Games properties and the X Games League.
L.L.Bean Making Additional Staff Cuts in Maine HQ
The retailer will lay off 50 to 75 employees at its corporate headquarters in Maine. These latest cuts equal approximately 2 percent to 3 percent of its Freeport-based staff and are the retailer’s second round this year.
Activist Investors Push Macy’s to Consider Changes to Capital Allocation Strategy
Barington Capital Group and Thor Equities LLC asked Macy’s to bring fresh perspectives to the company, especially in the areas of capital allocation, merchandising and retail and real estate
Survey: Latin Americans Embrace Fitness Facilities as Key to an Active Lifestyle
The Health & Fitness Association released the 2024 Latin America Fitness Consumer Survey, providing key insights into the fitness culture in major metropolitan areas across Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
Clarus Corporation Appoints New Board Member
The parent of Black Diamond appointed Mark Besca to the company’s Board of Directors, effective immediately. He was also appointed to the Audit Committee of the company’s Board.
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