Report: U.S. Holiday Season Retail Sales at Low End of Forecast
U.S. retail sales, excluding automotive, increased 3.1 percent year-over-year this holiday season, according to a report from Mastercard SpendingPulse measuring the period from November 1 through December 24.
Happy Holidays From SGB Media
In observance of the Christmas holiday, SGB Media is taking time to be with family and will not publish the SGB Updates on December 25. Publishing will resume on December 26 with one Update newsletter daily through December 29.
Terracea Elevates Core Winter Gear for 2024
Terracea, the maker of winter and ski jackets, founded in 2017, will expand its focus beyond the core winter market in 2024 with a collection that integrates everyday style with performance functionality.
5.11 Tactical Adds EDC Products for Winter 2024
5.11 Tactical added everyday carry (EDC) products to its Winter 2024 line to meet the needs of first responders, outdoor enthusiasts, and those who prioritize preparedness.
Recco Continues Global Expansion of SAR Helicopter Detectors
The Recco network will continue to expand in 2024 as the brand partners with more SAR organizations.
American Outdoor Brands Names Chief Product Officer
The company promoted James Tayon to chief product officer. Tayon will continue to lead the company’s strategic product direction, including product innovation, design, development, and marketing.
Yeti Expands Board of Directors with Two New Additions
Rob Katz has acted as the executive chairperson of the Board at Vail Resorts, Inc. since 2021 after serving as CEO from 2006 to 2021. Beth Axelrod reportedly brings over 20 years of strategic human resources leadership and management development expertise to the Yeti Board.
Watershed Drybags Introduces New Material and Colors For 2024
Watershed Drybags introduced a new material, Kryptothane Plus, on all its recreational drybags and three new colors—safety orange, royal purple and smoke green.
Nordstrom Rack To Add Another Houston Location in Fall 2024
The store will occupy 34,000 square feet in the Meyerland Plaza, among Texas’s Top 5 most visited open-air shopping centers. The retailer operates eight Nordstrom stores and 23 Nordstrom Rack stores in the state.
Compass Diversified Receives $75.2 Million Equity Investment
The owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, reported that it had completed a private placement of approximately 3.6 million of its common shares to a mutual fund managed by Allspring Global Investments to raise $75.2 million.
EXEC: Report Finds Troubling Core Participation Trend in Team Sports
SFIA’s recently released U.S. Trends In Team Sports Report noted that participation in 16 of 23 team sports tracked by the Association has not returned to pre-pandemic levels, and only one sport, soccer, showed Core Participation gains in the 2019-2022 period. However, the SFIA report offered more encouraging findings in team sports trends.
E-Bike Company EBliss Global Appoints New President
EBliss Global hired Dave Boyle, an auto industry veteran with over thirty years of experience, to help bring the company’s Always Brand e-bikes to auto dealers. He will also serve as company president.
U.S. Consumer Confidence Rises to 5-Month High in December
The Conference Board reported that its Consumer Confidence Index rose to 110.7 million in December, up from a downwardly revised 101.0 in November in an indication that concerns about a recession in the U.S. are lessening. The Index improved for the third consecutive month, reaching its highest level since July.
Study: Gen Z and Boomers Most Likely to Shop In-Store
ICSC wrote that while Gen Z grew up with digital and mobile technology, their penchant for in-store shopping at times exceeds that of the generations that grew up shopping in physical stores.
Authentic Partners with Former Boardriders Execs to Manage Japan, Taiwan
BRJ Group, led by Sammy Yoo, a 13-year veteran of the Boardriders’ portfolio, will operate business in Japan and Taiwan, which includes the Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element and Von Zipper brands.