The letter has no immediate effect on the listing or trading of the company’s common stock on the NYSE American. The company’s receipt of the letter from the NYSE American does not affect the company’s business, operations or reporting requirements with the SEC.
Category: Outdoor
Study: Shoplifting Increased 93 Percent Since 2019; Violence Jumped 84 Percent Since 2022
According to the study, retailers surveyed experienced an average of 177 shoplifting incidents per day in 2023; however, that number can reach over 1,000 depending on the retail sector.
Report: Western Mountain Resort Rates, Bookings Edge Up in November, Stays Lengthen
Participating resort properties in 17 mountain destinations across seven Western U.S. states reported that customer bookings made during November for arrival from November 2024 through April 2025 drove seasonal occupancy up 7.2 percent from where it was in October.
Report: U.S. November Online Sales Up 9.8 Percent; SG Segment Down 1.4 Percent
November’s Core Retail Sales – as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were up 0.4 percent seasonally-adjusted m/m and up 3.8 percent unadjusted y/y.
EXEC: Rapala VMC Names Cyrille Viellard Next President and CEO
Current President and CEO Lars Ollberg will continue in this role until March 6, 2025, and then retire. He has worked for the company for over 45 years in various roles. Incoming President and CEO Cyrille Viellard, who has worked at Rapala VMC since 2014, will assume his new role on March 7, 2025.
Report: Resale Spending Trend Outpacing Traditional Retail
The findings collected by Consumer Edge show resale spending outpaced traditional retail in 2024, driven by budget-conscious consumers and an increased focus on sustainability amid an uncertain economic environment.
EXEC: Smartwool and Icebreaker Consolidate Distribution in Benelux
Smartwool has appointed Ideavelop BV as its exclusive distributor for the Belgium, the Netherlands and Luxembourg building on a 25-year relationship with VF Corporation sister brand Icebreaker.
The Preserve Sporting Club & Resort Expands and Renovates Sporting Shoppe
The company said the 30,000 expansion and renovation is expected to enhance the shopping experience featuring a wider selection of outdoor gear, lifestyle apparel and authentic specialty goods.
Z-Man Appoints Product Manager and Marketing Specialist
The company has hired Richard Dunham, a lifelong bass fisherman and industry veteran, in the newly created role of product manager role, and Marketing Specialist Abbie Skeen, who brings her skills in image and visual branding as well as graphic design.
EXEC: Perfect Moment Opens First Seasonal Store in Austrian Alps Ski Resort
The establishment of the Kitzbühel store, the fashionable winter ski resort in the Austrian Alps, follows the October opening of the company’s first seasonal retail location in New York City’s SoHo neighborhood.
Report: Over 157M Consumers Plan to Shop on Super Saturday, with Almost Half Online
The NRF suggests that with only four days between Super Saturday and December 25, shoppers will likely embrace multiple channels as they wrap up their holiday shopping; however, e-commerce appears to be the top destination with 49 percent of respondents going online.
Ombraz to Expand Retail Presence, Adds New Hire
The company plans to expand its representation in other U.S. regions outside the Southwest and Southeast. Internationally, it aims to expand its business in Japan while exploring distribution opportunities in Canada. In October, Samantha Putošová was hired as supply chain and operations manager.
Rusty Saunders Passes Away After 60 Years in SG Industry
Rusty Saunders had a successful 60-plus-year career in the sporting goods industry, having worked in retail, manufacturing and sales. He was inducted into the NSGA Hall of Fame in 2013. Saunders passed away on December 8 at age 88.
PwC’s 2025 M&A Outlook Sees Arrows Pointing Up for Deal Flow
PwC’s analysis of PitchBook Data, Inc., found that several thousand PE exits were delayed over the past two years. The company said some of these exits are more likely to happen now that more certainty has returned to the market — meaning more potential targets for corporate acquirers.
Recall: Stanley Switchback and Trigger Action Travel Mugs
Stanley has received 91 reports worldwide, including 16 in the U.S., of the recalled travel mugs’ lids detaching during use, resulting in 38 burn injuries worldwide, including two burn injuries in the U.S.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal