Monarch Alternative Capital Forms Go Outdoors Investment Platform
Monarch Alternative Capital LP, an investment firm with approximately $11 billion of assets under management, formed Go Outdoors, a platform to acquire, develop and operate marinas and RV resorts in the U.S.
Outdoor Product Sales A Reflection Of Shifting Post-Pandemic Lifestyle Trends
Sales across the $28 billion U.S. outdoor industry declined by 1 percent in the 12 months ending April 2023, versus the comparable prior-year period, impacted by consumers spending less on big-ticket equipment items and instead buying backpacks, blankets, camping accessories, and other versatile products.
Retail Market Breathes A Sigh Of Relief As West Coast Ports Deal Reached
The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced a tentative agreement on a new six-year contract covering workers at all 29 West Coast ports.
Retail Sales See Slight Uptick In May; Sporting Goods Stores Up 2.5 Percent
Retail sales increased 0.3 percent from April to May and gained 1.6 percent year-over-year. Economists polled by Reuters had forecast sales would decline 0.1 percent month-over-month.
Sport 2000 Reaches €6.5 Bn In 2022 Sales; SGN Sports Leaving Group
Sport 2000 International, the world’s second-largest trade organization for independent sports retailers with 3,586 stores in 25 countries, recently reported it is reflecting on a successful year, closing the 2022 financial year with gross retail sales of €6.5 billion.
REI Workers Union Adding Pressure With Unfair Labor Practice Allegations
The Retail, Wholesale and Department Store Union (RWDSU) announced it would be filing Unfair Labor Practice charges (ULPs) against REI, Inc. in the Cleveland (Beachwood, OH) and SoHo (Manhattan, NY) unionized stores.
KOA: Campers Four Times More Likely To Adopt AI For Trip Planning
The Kampgrounds of America, Inc.’s (KOA) Monthly Research Report, June 2023 Edition, found that campers have adopted artificial intelligence (AI) more quickly than other leisure travelers when planning a trip.
Grassroots Moving Spring Connect Show To Reno In 2024
Grassroots Connect, the twice-annual retail buying show of Grassroots Outdoor Alliance, will move its June show to Reno, NV, beginning in 2024.
REI To Open Re/Supply Store In Clackamas, OR This Summer
REI Co-op will open a Re/Supply store selling used gear and apparel in Clackamas, OR in late August 2023. Located in the Clackamas Town Center, the 16,113-square-foot store will open a few doors down from the co-op’s existing store which opened in 2007.
Report: May Retail Sales Grow 2 Percent On ASP Growth; Apparel Declines
U.S. retail sales revenue in May 2023, including discretionary general merchandise and consumer packaged goods (CPG), increased 2 percent compared to the same month last year, even as unit sales declined 3 percent, according to data from Circana, formerly IRI and The NPD Group.
MSR Hires Product Line Manager For Stoves And Cookware
Cascade Designs, the parent company of MSR, Therm-a-Rest, Platypus, SealLine, PackTowl, and Varilite, hired John Park as product line manager for MSR stoves and cookware.
Camping World To Acquire Wisconsin RV Center In Green Bay
Camping World Holdings, Inc. plans to acquire Van Boxtel RV in Green Bay, WI. The acquisition is expected to close in the third quarter of 2023, increasing the Company’s Wisconsin location count to seven.
Brunswick Corp. Experiences IT Security Incident
Brunswick Corporation reported that it recently had an IT security incident that impacted some of its systems and global facilities.
Tentree Opens First Retail Store In Washington D.C.
Tentree reported it opened its first U.S. retail store in Washington, D.C.’s Shaw neighborhood at 1924 8th Street NW Washington, Suite 115.
Jack Wolfskin Continues NA Expansion With New Sales Leadership
Jack Wolfskin hired a new director of sales and marketing and appointed a new sales rep to expand wholesale distribution across the Upper Midwest and Great Lakes regions.
