June’s core retail sales as defined by NRF, based on the Census data but excluding automobile dealers, gas stations and restaurants, were up 0.9 percent seasonally-adjusted MoM and up 1.3 percent unadjusted YoY.
Category: Outdoor
Norco Bicycle Founder’s Family Assumes Full Ownership of Norco Manufacturer
Canada’s largest wholesale distributor of premium bikes, parts and accessories has been independently owned and operated in a partnership between the Lewis and Zalkow families. The Lewis family has now assumed full ownership of the company.
EXEC: Adidas Raises Full-Year Outlook Again After Double-Digit Q2 Growth
In euro terms, the company’s revenues grew 9 percent to €5.82 billion from €5.34 billion in Q2 last year. Excluding Yeezy sales in both years, currency-neutral revenues increased 16 percent for the quarter.
Deloitte Sees BTS Spending Flattening Amid Financial Concerns
Ongoing perceptions of inflation and a cost-of-living squeeze will keep spending steady from last year as K-12 parents weigh prices and priorities in preparation for the new school year as they budget for necessities and make room for a few indulgences.
Pearl Izumi Promotes Daran Godfrey to VP/GM
Godrey has been Pearl Izumi’s director of U.S. sales under the United Sports Brands umbrella for the past two years. Godrey brings two decades of sales management experience in the cycling space to the role.
EXEC: Merida Bikes Reports Passing of R&D Center CEO and Head of Product
Jürgen Falke, the long-standing CEO and co-founder of Merida R&D Center GmbH in Germany, who recently stepped down from his position for health reasons, passed away on June 13 at the age of 61 after a short, serious illness.
Sportsman’s Warehouse Appoints SVP of Marketing, E-commerce & Loyalty
Susan Sanderson is responsible for the company’s digital and traditional marketing, e-commerce, brand strategy, omni-channel experience, and loyalty programs.
NRF: Consumers Just Getting Started on Planned BTS Purchases
The NRF noted in its report that while shopping is well underway, most (86 percent) consumers still have at least half of their purchases left to make.
EXEC: Merida Bikes’ June Sales Surge Fuels Big Second Quarter Gain
Second-quarter revenues were up 24.8 percent to NT$9.29 billion, with revenues for June 2024 increasing 48.7 percent, May sales growing 7.5 percent and April sales surging 24.0 percent year-over-year.
Macy’s Terminates Arkhouse and Brigade Buyout Talks Over Financing Uncertainty
The Macy’s Board of America intends for the management team to return its full focus to enhancing shareholder value through the execution of the company’s “A Bold New Chapter” strategy.
EXEC: Decathlon Creates Independent Investment Entity
An independent entity within the Decathlon Group, Decathlon Pulse is expected to invest in “innovative people and businesses that share its values and commitment.”
Bass Pro Shops to Open Outpost in Tyler, TX in Early 2025
The retail site is expected to open in the first half of 2025. Upon completion of the Tyler store, Bass Pro Shops will have 18 stores in Texas and employ roughly 100 “outfitters”.
CNBC/NRF Retail Monitor Sees Biggest YoY Retail Sales Jump Since Fall 2023
Retail sales showed moderate growth in June and posted the biggest year-over-over year increase in nearly a year amid a still-solid economy and near-zero inflation for retail goods.
Deckers Brands Will Execute a Six-for-One Forward Stock Split
The parent company of Hoka, Ugg, Teva, Sanuk, Koolaburra, and Ahnu said its Board approved a six-for-one forward stock split and a proportionate increase in the number of authorized shares of common stock and preferred stock to accommodate the stock split.
Canada Goose Appoints Chief Digital and Information Officer
Alfredo C. M. Tan will oversee all consumer-facing digital platforms, as well as IT, digital media and marketing and consumer insights.
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