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.
Electric Scooter Company Bird Lands in Bankruptcy Court
Electric vehicle company Bird Global filed for bankruptcy with an agreement to sell some of its assets to its existing lenders.
Liberated Brands Gets Nod from Authentic to Manage Boardriders Brands Down Under
Authentic expanded its partnership with Liberated Brands to build the Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper, Honolua, and other businesses in Australia, New Zealand, Thailand, and Indonesia.
Kohl’s Expands Board of Directors to 13 Members with Latest Appointment
Wendy C. Arlin, who, most recently, was the CFO for Bath & Body Works, Inc., reportedly brings more than three decades of experience in corporate finance, financial reporting, oversight and accounting, with deep expertise in the consumer industry.
Woolrich Appoints Creative Director, Woolrich Black Label
Woolrich named Todd Snyder, founder of Todd Snyder New York, as creative director of its new Woolrich Black Label collection.
Winnebago May See Tough Year Ahead as Fiscal Q1 Backlogs Fall 54 Percent
A 20 percent decline in revenues for the fiscal first quarter ended November 25 was said to be primarily driven by lower unit sales related to market conditions, product mix, and higher discounts and allowances compared to the prior-year quarter, partially offset by carryover price increases related to higher motorized chassis costs.
Canada Goose Appoints Co-President; Shuffles Other Executive Roles
Canada Goose appointed Beth Clymer to the newly created role of president, finance, strategy and administration, effective January 8, 2024. Clymer will oversee finance, people and culture, corporate strategy, and legal matters with those who drive these functions.
Peak Ski Appoints Director of Business Development and Special Projects
Peak Ski Company announced it promoted Catie Park to director of business development and special projects. Most recently, Park was the manager of Peak Ski’s retail operations. Andy Wirth, co-founder and CEO, launched Peak Ski Company, based in Bozeman, MO, in April 2022 with the former Olympic alpine ski racer Bode Miller and has since […]
Snow Peak to open first U.S. Campground
Snow Peak Long Beach Campfield, an extension of Japanese camping brand Snow Peak, will open in early 2024 as the brand’s first campground in the U.S.
EXEC: Rip Curl and Oboz See Trailing 4-Month Sales Down Despite Solid Black Friday
Group sales were reportedly down 12.5 percent year-over-year for the four-month fiscal year-to-date period, reflecting “ongoing weakness in consumer sentiment.” Wholesale sales were disappointing for Rip Curl and Oboz brands.
KOA Survey Points to Interest in Winter Camping
Kampgrounds of America, Inc.’s Monthly Report for December 2023 found that approximately 33 percent of campers plan to camp in winter and 58 percent showed some interest, marking a shift toward embracing the outdoors during the colder months.
PrimaLoft Promotes Cavassa to CEO, Joyce to Retire
Compass Diversified appointed Anne Cavassa as CEO of its subsidiary, PrimaLoft Inc., effective January 1, 2024. This move follows Cavassa’s recent appointment as president and as former president and CEO, Mike Joyce, steps into retirement at year end.
The Oberalp Group Hires New PNW Sales Agency for Dynafit, Pomoca
The Oberalp Group, the parent company of Salewa, Dynafit, Pomoca, Wild Country, and Evolv, hired industry veteran Mallory Duncan and his company, Uhuru Mountain Collective, to represent Dynafit and Pomoca in the Pacific Northwest.
