Vail Resorts Looks to Strong Season Pass Revenue for Early Season Stability as Visits Dip
Target Maintains 2024 EPS Guide, Posts 2 Percent Holiday Comp, Shifts Leadership Team
CNBC/NRF: Retail Monitor December Retail Sales Jump; Sporting Goods Rebounds
EXEC: JCPenney Merges with Sparc Group to Form Catalyst Brands
REI Shuttering Experiences Business, Cutting 428 Positions
SGB Update
Report: Season-to-Date Occupancy Trended Down at Western U.S. Winter Resorts
Destimetrics is reporting that season-to-date occupancy trended down at the nation’s western-based winter resorts this year through December 31, despite good snow conditions across much of the region. The Business Intelligence platform for Stowe-based Inntopia is reporting findings from participating properties in 17 western resorts, noting the environment feels a lot like last season.
Vail Resorts Looks to Strong Season Pass Revenue for Early Season Stability as Visits Dip
The company expects to achieve full year performance within the Resort Reported EBITDA guidance range reiterated in December 2024. Guidance assumes a continuation of the current economic environment, industry normalization to pre-COVID guest behavior and normal wether patterns.
Amer Sports Sees Return of Former Communications and IR Chief Päivi Antola
Antola is returning to Amer Sports after leading corporate communications and investor relations from 2010 to 2018. She will join the company in April 2025 at the latest.
Leki USA Appoints National Sales Manager
Scott Park will oversee all sales operations for the brand’s summer and winter collections in the U.S., working closely with General Manager Chris O’Donoghue and Marketing Director Sven Brunso. He brings over 20 years of sales experience to the role.
Modern America Campgrounds Acquires King Phillip’s Campground in Lake George, NY
With the acquisition of King Phillip’s, Modern America Campgrounds will expand its portfolio to 33 parks by the beginning of next season, with a reported three additional acquisitions in the pipeline.
SGB Executive
EXEC: KT Tape Acquired by Consumer Healthcare Investment Platform
Founded in 2008, KT Tape has manufactured drug-free solutions to prevent and relieve pain and promote recovery. Palladin Consumer Retail Partners, previously known as Palladin Capital Group, acquired KT in 2014.
EXEC: Perfect Moment Names Two Additional European Sales Agencies
New Look Fashion Deal will manage Perfect Moment’s wholesale distribution in Belgium, the Netherlands and Luxembourg (Benelux) and Bernd Schürmann will focus on Germany, Austria and Switzerland (DACH region).
EXEC: Giant Group Ends 2024 on Another Down Note as Q4 Sales Fall 8.6 Percent
The Taiwan-based bike manufacturer saw its 2024 full-year shipment volume fall 7.4 percent for the 12-month period to NT$71.3 billion, compared to NT$76.9 billion in 2023.
EXEC: JCPenney Merges with Sparc Group to Form Catalyst Brands
The combined Catalyst Brands organization is a joint venture formed in an all-equity transaction between JCPenney and the Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group, and Shein.
REI Shuttering Experiences Business, Cutting 428 Positions
The closure of the Experiences business will affect 180 full-time and 248 part-time employees, which are primarily guides serving the business. REI said it will re-invest in the core Camp and Backpack, Run and Hike, and Outside Life businesses.
