REI to Close Santa Monica Store

REI confirmed plans to close its store in downtown Santa Monica, CA, due, in part, to higher costs of doing business. The two-story, 32,000-square-foot location will close February 29, 2024.

EXEC: Eddie Bauer’s CEO Discusses Modernized Rebrand

Eddie Bauer introduced a new brand evolution and redesigned its logo in September, including bringing back “the goose.” Tim Bantle, Eddie Bauer’s CEO, talked with SGB Executive about the refreshed look of the 103-year-old brand, re-embracing its outdoor roots and its heightened focus on wholesale.

EXEC: UK Retail Foot Traffic Rebounds in November

After suggesting the the UK retail market was hampered by stalled consumer spending in October, the British Retail Consortium reportedly saw a recovery in foot traffic in November, with total UK foot traffic down 0.7 percent year-over-year.

Event Technology Opens Asia Pacific HQ

The company said the new HQ is “strategically located in the heart of the technical fabric industry’s supply chain hub” and houses its engineering, product and finance departments, sales and marketing team to service the Asian commercial market and the executive team under the leadership of company CEO David Liu.”

Consumer Confidence Rebounds in November

U.S. consumer confidence rose in November after three straight monthly declines, with U.S. consumers planning big-ticket purchases, including motor vehicles and houses, over the next six months despite higher prices and interest rates.

Vista Outdoor Appoints Co-CEOs Ahead of Split

As part of the previously announced plan to sell its ammo business to Czechoslovak Group and change the company’s name to Revelyst, Vista Outdoor, Inc. named Eric Nyman and Jason Vanderbrink as co-chief executive officers in a regulatory filing.

Champion Names VP, Chief Marketing Officer

HanesBrands announced that Richard Mcleod was named vice president and chief marketing officer of global Champion. He joined the company from Canada Goose, where he was senior vice president of brand.

ICSC Releases Post-Thanksgiving Weekend Survey Results

The International Council of Shopping Centers (ICSC) reported the results of its post-Thanksgiving weekend survey*, which showed that over half of respondents (56 percent) noted that they shopped just as much or more than in the past, an increase of 6 percent from its 2022 survey.