Construction On Bass Pro’s Sayreville Set To Begin This Year
Construction of the long-awaited Bass Pro Shops at Sayreville, NJ, is scheduled to begin before the end of 2023.
Newell Brands Slashes Dividend
Newell Brands, Inc. announced that its Board of Directors and the management team updated its dividend policy to focus on funding supply chain investments and de-leverage. Newell Brands reduced its quarterly dividend to 7 cents a share. In February, the company declared a quarterly dividend of 23 cents a share.
Retail Sales Inch Up In April, Driven By Inflation; Sporting Goods Stores See Decline
Retail sales, which are adjusted for seasonality but not for inflation, rose 0.4 percent in April from the prior month, the Department of Commerce reported on Tuesday, following declines in March and February. The growth was still weaker than the 0.8 percent increase that economists expected, according to Refinitiv.
Deuter, Ortovox To Move Corporate U.S. Headquarters To Boulder
Deuter and Ortovox are preparing to move their U.S. corporate headquarters to Boulder, CO. The brands, owned by German-based Schwan-Stabilo Outdoor, hired NRI 3PL, a third-party logistics partner based in Fontana, CA, to provide fulfillment services for its U.S. network.
Report: April U.S. Discretionary General Merchandise Retail Sales Fell 7 Percent
Discretionary U.S. general merchandise retail sales revenue fell 7 percent in April 2023 year-over-year and unit sales fell 8 percent according to Circana, formerly IRI and The NPD Group.
On’s First Quarter Profits Surge With 78 Percent Revenue Gain
On Holding AG’s profits tripled in the first quarter on strong margin improvement and 78 percent sales growth. The Swiss running brand’s results easily topped analyst targets. Strength was seen across regions, channels and product groups.
Big Agnes Grows Sales Team In The Northeast
Big Agnes hired Round Pond Sales Group led by Kyle Rohne and Ian Wauchope to represent Big Agnes in the Northeast, better positioning the brand to meet the needs of customers in the region.
Orvis Appoints Chief Product Officer
Orvis announced that Carla Feely had been named chief product officer with executive oversite for all product-related functions.
EssilorLuxottica Partners On Persian Gulf Region Retail Initiative
EssilorLuxottica, parent company of Sunglass Hut, Oakley and Ray-Ban, among other eyewear brands, and Chalhoub Group, signed a joint venture for the development of direct eyewear retail in the Gulf Cooperation Council (GCC) region.
DestiMetrics: Solid Winter Revenues But Summer Occupancy Is Down Despite Softening Rates
Although a handful of resorts remain open, the Winter 2022/23 ski season is ending on a high note due to extraordinary snowfall across most regions, particularly in the West, according to the most recent data released by DestiMetrics.
Century 21 Set To Reopen Flagship Store Location In New York
Century 21, the retailer and purveyor of off-price luxury fashion, is reopening its flagship location in Manhattan’s Financial District at 22 Cortlandt Street with the support of experiences company Legends.
Revo Opens Flagship In Barcelona
Revo opened its first flagship store in Barcelona, Spain, located on Baixada de la Llibreteria, in the Gothic Quarter, one of the city’s highly trafficked districts.
Hayes Names New Distribution Partner For Italian Market
Hayes Bicycle Group, the distributor of several bike brands, reported a new partnership with AMG in the Italian territory, expanding the reach of the company’s performance cycling componentry to AMG’s dealer network.
Thule Group CFO Announces Departure
Thule Group announced that Jonas Lindqvist, in agreement with the company, will leave his position as chief financial officer at Thule Group. He has held the position since 2020 and will remain in the role until a successor is in place. The recruitment process is underway.
Mountain Khakis Hires eCommerce Director
Mountain Khakis hired Jinnie Austin as eCommerce Director, with ten-plus years of experience in marketing and digital leadership roles.
