EXEC: Sports Direct Parent Frasers Makes Play for Nordic Region Sports Retailer
Journeys Parent Genesco, Inc. Ups Guidance on Strong Q4, Nice Start to Q4
EXEC: Sports Direct Parent Fraser Group Cuts FY Guidance on Consumer Headwinds
EXEC: Revelyst to Directly Oversee Giro and Bell Sales and Distribution in UK
Salesforce: Global Online Sales Reach All-Time High of $315B During Cyber Week
SGB Update
NRF Chief Economist Sees Strong Q3 Results Boding Well for Holiday Retail Season
Many consumers started shopping earlier because a late Thanksgiving left five fewer shopping days before Christmas than in 2023. Based on data that the National Retail Federation has seen so far, conditions are shaping up for a successful holiday retail season.
NRF Report: 2024 Retail Returns to Total $890 Billion
Improving the returns experience and reducing the return rate are two essential elements for businesses in achieving their 2025 goals.
St Croix Rod Promotes Teach and Johnson to Executive Leadership Team
Ryan Teach, formerly product and brand manager, was appointed to the newly created position of vice president of Innovation. Former National Sales Manager Dan Johnston has been appointed director of sales.
Zumiez Swings to Q3 Profit on 7.5 Percent Comps Gain; Offers Strong Q4 Guide
Net sales for the fiscal third quarter increased 2.9 percent to $222.5 million but the company noted that the shift in the retail calendar had a negative impact on Q3 results, decreasing net sales growth by approximately 510 basis points.
Castore Hires Commercial Operations Leader
Danny Downs brings 15 years of experience from his time at Fanatics International, where he was head of commercial development and the company’s first general manager, including international operations for its e-commerce business.
SGB Executive
EXEC: Sports Direct Parent Frasers Makes Play for Nordic Region Sports Retailer
Michael Murray, CEO of Frasers Group, offered, “Our strategic vision and industry experience position us uniquely to help XXL navigate its current challenges. We are committed to ensuring that XXL reaches its full potential.”
EXEC: American Outdoor Brands Execs More Bullish on Future After Retail Line Reviews
The company is betting big on recent positive pre-line meetings and is bullish enough to not only raise guidance for fiscal 2025 ending April 2025, but also lay out solid top-line numbers for fiscal 2026.
EXEC: Sports Direct Parent Fraser Group Cuts FY Guidance on Consumer Headwinds
The UK-based parent of the Sports Direct, Flannels, Jack Wills, House of Fraser, and Gieves and Hawkes retail brands saw shares fall over 10 percent on the LSE after the global sports and lifestyle retail giant issued a profit warning for the full-year.
EXEC: Revelyst to Directly Oversee Giro and Bell Sales and Distribution in UK
Revelyst said UK retailers and customers can expect exciting developments in the coming months, including the launch of refreshed e-commerce platforms for both Giro and Bell, expanded community initiatives, and events designed to celebrate and support the UK cycling, snow and powersports communities.
EXEC: Teijin Group Touts Circularity Bonafides, Invests in Pre-B Round at Circularise
The funding will facilitate Circularise’s expansion in high-performance materials and broader industrial markets while preparing the groundwork for an anticipated Series B round.
