L.L.Bean Officially Opens Doors in Enfield, CT
In June, L.L.Bean announced plans to open four new retail stores in 2024, including its first store in Indiana, underscoring its omnichannel growth strategy. Last week, the retailer’s Enfield, CT store officially opened in Brookside Plaza, its third in the state.
CNBC/NRF Retail Monitor Sees Consumers Pull Back Spending In September
Retail sales saw a slight month-over-month drop in September but consumers continued to spend more than last year as interest rates and inflation fell and employment rose, according to the CNBC/NRF Retail Monitor.
Maine Outdoor Brands Appoints Board President
Maine Outdoor Brands appointed Devin McNeill, CEO and co-founder of Flowfold, as its new board president, succeeding Kay Henry. The organization also added three new members to its board of directors.
Niner Bikes Moves To New Location in Fort Collins
Niner Bikes, owned by parent company United Wheels, is leasing a new office space in Fort Collins, CO to support growth plans.
Rebel Sport’s Parent Appoints Amazon Exec As Director
Super Retail Group, appointed Kate Burleigh, formerly a regional Amazon executive, as a non-executive director, effective November 11.
Reju Launches First Recycling Facility in Germany
Materials recycling company Reju, led by former Under Armour CEO Patrik Frisk, with offices in Europe and North America, has opened its Regeneration Hub in Frankfurt, Germany with expected deliveries to begin in 2025.
JanSport Returns to Its Roots with Retro Packs
The JanSport Retro Series includes the Seattle Pack (32L), Small Seattle Pack (27L), Mini Skip Pack and Washington Waistpack.
EXEC: Swedish Investment Firm Merges Five Companies into Single Sports/Active Entity
Storskogen companies Ullmax, JO Sport, Tennis fashion, Racketdoktorn and On Target have merged into the joint company ASHE, which now constitutes a leading Nordic distribution, sales and marketing partner within sports and active lifestyle.
Perfect Moment Expands U.S. Resale Program to Europe and UK
The company has expanded the availability of its U.S. resale program, Perfect Second Moment, to the UK, Italy, Germany and France.
The Oberalp Group Adds New Indie Sales Agency for Midwest Territory
The owner of the Salewa, Dynafit, Pomoca, Wild Country, and Evolv, brands has added Paul Gerten and his firm Gerten Outdoors to represent Salewa and Evolv in its Midwest territory.
EXEC: Giant Group Returns to a Sales Decline in September Versus Easy Comps
The Taiwan-based bike manufacturer reported a 4.8 percent year-over-year decrease in sales for the month to NT$6.03 billion. The decline comes after a 16.6 percent increase in July and a 2.0 percent increase in August shipments.
REI Set to Open College Station Store
The nearly 22,000 square-foot space is the co-op’s 11th store in Texas and will host a grand opening on November 1.
Sportsman’s Warehouse Hires VP of Performance Marketing
Ryan Carroll was appointed VP of performance marketing to lead brand management, creative strategy, trade marketing, integrated sales, and marketing planning.
EXEC: September Footwear Factory Shipments Shine as Key Nike Factory Returns to Growth
Yue Yuen’s Manufacturing business boasted a 26.7 percent year-over-year increase in September, while Feng Tay reported Manufacturing revenues inched up 1.3 percent to NT$6.82 billion in September.
EXEC: Piper Sandler Survey Finds Adidas, Hoka, On, New Balance and Ugg Gaining Teen’s Attention
Piper Sandler’s 48th semi-annual Taking Stock With Teens Survey for Fall 2024 latest teen survey found Nike, Lululemon, Converse and Crocs highly popular but losing mindshare. Adidas, Hoka, On, New Balance and Ugg have gained in popularity.
