NRF Economist Predicts Holiday Shopping Could Beat Forecast

The 2021 holiday season appears to be on track to exceed the National Retail Federation’s (NRF) forecast for record spending despite supply chain disruptions, inflation and challenges like the new COVID-19 omicron variant, according to NRF Chief Economist Jack Kleinhenz.

Honey Stinger CEO To Step Down

With its equity partner, Factory-LLC, Honey Stinger announced its CEO Mike Keown would step down for personal reasons at the end of the year.

Shoe Carnival Announces Acquisition Of Shoe Station

Shoe Carnival, Inc. announced that it had acquired substantially all of the assets of privately-held, family-owned Shoe Station, Inc., which operates 21 stores in five Southeastern states. The Shoe Station assets were acquired for $67 million.

Duluth Holdings Hikes Guidance On Strong Q3

Duluth Holdings Inc., the parent of  Duluth Trading, sharply raised its guidance for the year after reporting third-quarter earnings tripled year over year on record margins. Sales gains 7.2 percent.

Clarus Acquires Maxtrax

Clarus Corporation announced it has acquired Australian-based Maxtrax, a maker of overlanding and off-road vehicle recovery and extraction tracks, for a combination of cash, stock and future consideration.

Flagg Bicycle Group Acquires Terry Bicycles

The Flagg Bicycle Group announced that it acquired women’s cycling company Terry Bicycles. Liz Robert will remain president, CEO and shareholder in the company, now named Terry Precision Cycling, and will continue to lead its existing staff at its facility in Burlington, VT.