REI Responds to Accusations of Labor Law Violations
REI workers affiliated with the unions reportedly filed 80 unfair labor practice charges against the outdoor specialty retailer last week. REI vowed to fight the allegations.
Record Traffic Forecasted for Thanksgiving Holiday Weekend
An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.
Report: 20 Million Americans Planning an RV Holiday Vacation This Year
According to the recently released RVIA Holiday Travel Intentions Survey, the top reasons people plan to RV are the love of road trips, the desire to travel in comfort, interest in exploring the great outdoors, and the affordability of RV travel.
Alterra Expands Mountain Division Leadership
Alterra Mountain Co. hired Ron Cohen, president and COO of Mammoth Mountain and June Mountain, and Rob Perlman, president and COO, of Steamboat, to the newly created roles of executive vice president, regional operations.
TYR Sport Opens Second Store in Costa Mesa
TYR Sport announced the opening of the swim brand’s second store in South Coast Plaza in Costa Mesa, CA. TYR Sport’S first-ever brick-and-mortar store opened last month at Roosevelt Field Mall in Garden City, NY.
EXEC: Gap Sees Athleta’s Recovery Taking Longer Than Planned
Athleta’s sales declined 18 percent in the third quarter against “heavy discounting” a year ago and are expected to decline double-digits in the fourth quarter as the retailer’s recovery from recent fashion miscues has taken longer than expected.
Athleta’s Q3 Sales Tumble 18 Percent
Gap, Inc. reported sales at its Athleta banner were down 18 percent in the third quarter to $279 million with same-store sales sliding 19 percent.
Columbia Sportswear Hires President, Sorel Brand
Columbia Sportswear Company hired Cory Long as president of the Sorel brand. Most recently, Long was the global general manager and chief global merchant of DC Shoes. He also has leadership experience at Mitchell & Ness, Asics, Supra, and Converse.
REI to Open Albany Store in 2024
REI announced it is opening a store in Albany, NY, in the fall of 2024, the retailer’s sixth store in New York, following the opening of its Ithica store in summer 2024.
Dick’s SG’s Chief Comms and Sustainability Officer Announces Retirement
Dick’s Sporting Goods Chief Communications and Sustainability Officer Peter Land announced his retirement after three years working for the retailer. Dick’s declined to comment on his departure.
VF’s Debt Ratings Downgraded by Moody’s
Moody’s Investors Service downgraded VF Corp.’s long-term debt ratings due to continued weakness at Vans, VF’s second largest brand, as the company embarks on a significant transformation initiative, project Reinvent, to revitalize VF’s business, most notably in North America.
Rip Curl, Oboz Parent KMD Brands Sets Plan for CFO Transition
While KMD continues to recruit for a permanent Group CFO, Ben Washington, Deputy CFO, will provide interim cover for financial and investor aspects of the role, and Lachlan Farran, chief commercial officer, will absorb the remaining operational responsibilities on an interim basis.
Walmart Raises Outlook as Q3 Surpasses Analyst Targets
Walmart raised its annual sales and profit forecast for the second straight quarter after third-quarter exceeded analyst estimates. Sales in the quarter grew 5.2 percent with strength across segments and comps rising 4.9 percent for Walmart U.S.
La Sportiva Hires New PNW Independent Sales Agency
La Sportiva tapped Seymour Sales Group for sales representation in the Pacific Northwest. The team includes Thomas Seymour, Abby Seymour, and Carleigh Garrett, who collectively bring decades of sales experience.
Revelyst’s QuietKat Hires OGA, Military and Law Enforcement Sales Manager
Ross Botha’s appointment is said to underscore QuietKat’s commitment to serving the specialized needs of military, law enforcement and government clients with “cutting-edge e-bikes that are rugged, reliable and designed for the most challenging terrains.”
