Deloitte Sees 13 Percent Hike In Spending Over Thanksgiving Weekend
Spending during the Thanksgiving week period is expected to be up 13 percent from last year, with shoppers expected to spend an average of $567 during the Black Friday-Cyber Monday (BFCM) shopping events, according to Deloitte’s 2023 Black Friday Cyber Monday Survey.
Equip Outdoor Technologies Sets CEO Transition Plan
Equip Outdoor Technologies UK Ltd. (Equip), the parent company of Rab and Lowe Alpine, announced that its owner and CEO, Matt Gowar, is stepping down—an executive recruitment plan to find his successor is underway.
Kohl’s Sees Q3 Comps Down 5.5 Percent; Narrows Full-Year Guidance
Kohl’s reported fiscal third quarter net sales decreased 5.2 percent year-over-year, to $3.8 billion, with comparable sales down 5.5 percent. In other news, Dave Alves, who joined the retailer as president and COO in late February, has left the company.
Dick’s SG Lifts Guidance as Q3 Results Fly Past Expectations
Dick’s Sporting Goods raised its outlook for the year after reporting sales and earnings easily topped analyst targets with the help of healthy back-to-school selling. Same-store sales in the quarter improved 1.7 percent with gains in transaction and average ticket prices.
Lycra Names CEO
The Lycra Company announced today that Gary Smith has been appointed chief executive officer, effective November 27. He formerly led Hatteras Yachts and Polartec.
Salt Life to Open Three Stores
Delta Apparel, Inc. continues to expand the Salt Life brand’s retail footprint, opening three new stores. These include SL’s first location in Virginia and two in Florida.
EXEC: VF Scores Upgrade from JP Morgan
JP Morgan raised its rating and price targets on VF Corp. on increasing confidence that recently-hired CEO Bracken Darrell will use a similar strategy he used at his former company, Logitech International, to achieve a turnaround at the parent of Vans and The North Face.
Report: Consumers Expected to Spend $130 Billion During Holiday Weekend
According to the latest International Council of Shopping Centers (ICSC) Thanksgiving Weekend Intentions survey, consumers will spend $130 billion during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations.
Hiplok Expands Across U.S. Market with New Distributor
Hiplok, a UK lock brand, will expand sales into the U.S. in partnership with distributor BTI. Hiplok’s bike security and storage products include the D1000, a portable anti-angle grinder U lock.
Bear & Son Cutlery Hires Sales Agency for U.S. East Coast
Bear & Son Cutlery tapped Schooler Outdoor Marketing to grow its East Coast representation for its four brands—Gatco Sharpeners, Bear OPS, Bear Edge, and Bear & Son Cutlery—effective immediately.
Baffin Drops Platform Boot Series
Baffin introduced a new women’s winter boot collection called the Wedge, which merges fashion with function. It includes two platform styles, the Geneva and Tornio.
Able Carry adds Thirteen Daybag to 2024 line
Originally made as a smaller companion to Able Carry’s Daily Backpack, the Thirteen Daybag offers a compact silhouette, maintaining its shape empty or full and is slightly taller with 13 liters of space.
Blizzard-Tecnica Appoints North American Marketing Manager
Sarah Lauridsen will work out of the West Lebanon office, overseeing U.S. and Canadian marketing operations and report to Business Unit Director Topher Plimpton.
EXEC: Duer’s Founder Discusses Denim Disruption
In 2015, Duer created a range of “stretch performance denim” manufactured from plants and various recycled materials, putting a new spin on jeanswear. Founder Gary Lenett talked with SGB Executive about the Vancouver-based brand’s inspiration, emerging opportunities outside denim, distribution model, and commitment to sustainability.
Evo Acquires Bergland Hotel in Japan
Evo will open its second branded hotel—Evo Hotel Hakuba. It follows the opening of Evo Hotel Salt Lake in 2022 in Salt Lake City, UT.
