Timberland Eyewear Drops Round Keyhole Sunglasses
Aligned with Timberland’s sustainability initiatives, the frames in this collection incorporate bio-based injected plastic and acetates, with percentages ranging from 35 percent to 80 percent depending on the style.
Arcade Belts x TGR Drop Limited-Edition Belts
Performance stretch belt company Arcade Belt partnered with Teton Gravity Research (TGR), the lifestyle brand in action sports media, on two limited edition belts.
National Retail Federation Survey Sees Uptick in Holiday Spending
A NRF survey found that consumers expect to spend $875 on average on holiday gifts, decorations, food, and other seasonal items this year, up 5.0 percent from $833 on average that consumers planned to spend in 2022 and in line with the average consumer holiday budget over the last five years.
KOA Survey: More Than Half of Campers Have Booked Trips for 2024
Kampgrounds of America Inc.’s (KOA) October Research Report found that 51 percent of campers booked at least one trip for 2024 compared to 13 percent of leisure travelers who have pre-booked their 2024 travel plans.
Reima USA Sets Sales Representation in Three More Territories
Reima, the Finnish children’s clothing brand, added new sales representation—Velocity Sales (Northeast), Mike Laroche (Southwest) and Parallel 45 Sales (Midwest)—to fill out its U.S. representation.
Costa Sunglasses’ Marlin Fly Project Rooted in Community and Conservation
In partnership with the locals of San Carlos, Mexico, The Billfish Foundation and the International Game Fish Association, Costa’s Marlin Fly Project team deployed 15 satellite tags to understand and protect this understudied billfish species.
Moosejaw To Open First Retail Store in Salt Lake
The 8,200-square-foot store, scheduled to open on October 21 in Salt Lake City, is located near the “trendy” 9th and 9th neighborhood, and is the retailer’s first store in Utah.
ICSC Sees Holiday Sales Expanding 3.8 Percent
Retail sales are expected to grow 3.8 percent this holiday season, according to ICSC’s 2023 holiday shopping forecast. The agency also forecasted a 7.6 percent increase in F&B, bringing the total expected spend for the season to $1.60 trillion.
REI Again Closing for Two Days for Thanksgiving Holiday
The co-op said it will be paying its 16,000 employees to spend the day outside the day after Thanksgiving, while calling on the broader community to join and help others to do the same.
Johnson Outdoors to Discontinue its Eureka! Business
Johnson Outdoors, Inc. announced that it is exiting its Eureka product lines. The products will remain available for sale as it winds down operations, with plans to fulfill all customer requirements through the end of 2024.
Vista Outdoor Announces CFO for Outdoor Products Business
Vista Outdoor, Inc. announced that Andy Keegan, vice president and interim chief financial officer of Vista Outdoor, was promoted to CFO of Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company.
Costco’s Longtime CEO to Step Down at End of Year
Costco Wholesale Corp. said Craig Jelinek, CEO since 2012, plans to step down, effective January 1, 2024. Ron Vachris, president and COO since February 2022, will succeed Jelinek as president and CEO.
Heiq Appoints New GM for Heiq China
UK-based textile and materials manufacturer Heiq hired Robert Liu as general manager of Heiq China, leading its business operations.
Deloitte Sees 2023 Holiday Spending Returning to Pre-Pandemic Levels
Deloitte is forecasting that holiday spending this year will surpass pre-pandemic levels for the first time. Consumers surveyed for the report plan to spend an average of $1,652 during the shopping season—a 14 percent year-over-year increase, though a modest four-year CAGR of 2.5 percent reflecting a normalization of trends.
EXEC: Vista Outdoor’s Guidance Cut Surprises Wall Street
Analysts said Vista Outdoor’s agreement to sell its Sporting Products segment business to Czechoslovak Group (CSG) for $1.91 billion appeared largely in line with the businesses’ valuation. Vista’s 24 percent stock drop on Monday was attributed to Vista’s sharp guidance cut tied to the deteriorating Outdoor Products business.
