First Holiday Sales Wrap Up Sees 3.8 Percent Growth for 2024
Preliminary insights reveal that U.S. retail holiday sales, excluding automotive, increased 3.8 percent year-over-year from November 1 through December 24, exceeding the firm’s September forecast of 3.7 percent growth for the holiday sales period.
SGB 2024 Year in Review: Executive Shuffle—Part One
Rawlings, Brooks, Deckers Brands, Riddell, and SFIA were among companies and associations in the active outdoor lifestyle space that smoothly completed CEO transitions in 2024; however, the turnover for others was abrupt, headlined by two new leaders returning to Nike and at Under Armour.
Bollé Brands Partners with Optician Distributor for Western Europe
Seaport-ODLM will manage the distribution of Bollé, Serengeti and Spy+ products across several key European markets, including Germany, Italy, Austria, France, Spain, and Portugal.
Manna Tree Appoints Managing Director of Human Talent
The a global private equity firm in the health and wellness sector, has appointed former Cotopaxi executive Grace Zuncic as its first managing director of human talent, effective January 2, 2025.
SGB 2024 Year In Review: Active Lifestyle M&A—Part Two
SGB Media presents a roundup of M&A action in the industry for the second half 2024, including new deals struck or closed in the final days of 2024.
SGB 2024 Year In Review: Active Lifestyle M&A – Part One
While the active lifestyle industry again saw a number of smaller to medium-size acquisitions during 2024, major deals for the second year in a row were few and far between due to a combination of higher interest rates, an uncertain economy, and fewer consolidators. A roundup of M&A action in the industry for the first half of 2024.
Nordstrom Family and Mexico-Based Partner Acquire Nordstrom Business for $6.25B
The company has signed a definitive agreement under which Erik Nordstrom, Pete Nordstrom and Jamie Nordstrom, and other members of the Nordstrom family will own 50.1 percent and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool), will own 49.9 percent of Nordstrom, Inc.
Scholastic Sports Sales Owner Jeff Miller Passes Away
Miller owned Scholastic Sports Sales, which celebrated its 50th anniversary in April 2024 and is in its third generation of family ownership. He was a member of the NSGA Board for two terms from 2015 to 2021. He unexpectedly passed away on December 19 at age 69.
U.S. Congress Re-Authorizes the Economic Development Administration
The EDA, a federal agency focused on promoting economic growth and job creation in communities across the country, plays a crucial role in supporting the outdoor recreation economy.
U.S. Senate Passes EXPLORE Act Modernizing Outdoor Recreation Policy
A first-of-its-kind bipartisan package that improves outdoor recreation on America’s public lands and waters. The EXPLORE Act passed the U.S. House earlier this year. It will now go to the President’s desk for signature.
EXEC: New Nike Inc. CEO Lays Out Pain Points Ahead and Plans to Re-Focus on Sport
The new CEO did not ride in on a white horse or a chariot as a conquering hero, but as a janitor, not unlike Mr. Earl, who realizes he has a big job to do but also has a clear mind on what must be done.
Winnebago Industries Posts Fiscal Q1 Net Loss on Lower Unit Volume and ASPs
The company said the RV and marine operating environment remained challenging in the first quarter, marked by subdued consumer demand and a cautious dealer network reluctant to make significant commitments on new orders ahead of the historically slow winter season.
EXEC: Nike’s NA Q2 Footwear Down 14 Percent; Reduces Classics Share of Business
In North America, Nike Direct declined 15 percent, with Nike Digital down 22 percent and Nike stores down 3 percent.
Wholesale declined 1 percent. Nike said it took another step forward shifting the product portfolio by reducing the proportion of our business driven by the Classic Footwear franchises.
EXEC: Nike Inc. Q2 Reaction May Be More About the CEO’s Plan – Not Key Metrics
That plan has to include boosting innovation in a market that has embraced On, Hoka and a number of other nascent running brands that have taken share in the “technology as fashion” column, as well as brands such as Adidas and Asics that are taking share on the lifestyle side.
Big 5 Sporting Goods Renews Five-Year Credit Facility with BofA
The company has entered into an agreement to amend and extend its credit facility with Bank of America, N. A., as administrative agent and lender.
