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.
Under the terms of the transaction, the 31 existing Lindora clinics will become Xponential franchise locations. Xponential will acquire all of the intellectual property of Lindora and plans to franchise the brand nationally and globally.
November 2023 featured to usual articles for the start of the holiday shopping season and the end of the retail fiscal quarter, but it was a dramatic job cutting announcement from VF Corporation, parent of The North Face, Vans, Timberland, Dickies and Jansport that got the most attention over the 30-day period.
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.
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.
The World Federation of Sporting Goods Industry (WFSGI) rolled out a new strategic plan last week prioritizing the highest historical rate of physical inactivity.
BowFlex, Inc. received a written notice from the New York Stock Exchange (NYSE) that the company does not comply with its Continued Listing Standards, which requires it to maintain an average global market capitalization of at least $50.0 million over a consecutive 30-day trading period and a total stockholders’ equity equal to or greater than $50.0 million.
Effective January 1, 2024, Anthony Terry, recently retired executive vice president and chief financial officer of Marriott Vacations Worldwide Corp., will serve on the company’s Board of Directors.
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.
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.