Qurate Retail Sells Zulily To Investment Firm
Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.
KOA: Air Travel Issues Lead Leisure Travelers To Find Alternatives In 2023
The Kampgrounds of America, Inc. Monthly Research Report, May 2023 Edition, points to continued issues with air travel causing leisure travelers, and especially campers, to seek alternative modes of travel in 2023.
Dick’s SG To Open 12 House Of Sports
After opening its first three Dick’s House of Sport stores in Rochester, NY, Knoxville, TN and Minnetonka, MN, DKS plans to open more than 12 new stores in the next two years.
Camping World Declares Dividend, Initiating Review Of Capital Allocation Strategy
Camping World Holdings, Inc. declared a second-quarter dividend and said it is reviewing its capital allocation strategy with future dividend payouts up to the board’s discretion.
Elevate Textiles Undergoes Recapitalization, New Ownership
Elevate Textiles, the fabric manufacturer servicing the automotive, apparel, interior furnishing, and industrial industries owned by Platinum Equity, reached an out-of-court restructuring deal in which its lenders will take control of the company.
VF’s Fiscal Q4 Revenues Dragged Down By Vans And Americas Region Declines
VF Corp. reported sales were down 3 percent in the fiscal fourth quarter ended April 1, dragged down by a 14 percent decline at Vans and a 7 percent overall decline in the Americas region. The North Face’s sales grew 12 percent globally. Earnings were down 62 percent on an adjusted basis but in line with guidance.
NMMA: Recreational Boating’s Economic Impact Soars To $230 Billion
NMMA released new data that found that the annual economic impact of recreational boating increased 36 percent, from $170 billion in 2018 to $230 billion in 2023.
RVIA: 44 Million Americans Plan To Go RVing This Summer
The RV Industry Association reported in a recent survey of America’s leisure travelers that 44 million consumers plan to RV this summer, including 12 million who said they plan to RV this Memorial Day weekend.
MEC To Expand Presence In Canadian Maritimes Region
Canadian outdoor retailer, Mountain Equipment Company, is set to expand its retail footprint by opening a new standalone store in the Maritimes this August.
Johnson Outdoors Appoints Board Director
Johnson Outdoors, Inc. appointed Jeffrey M. Stutz as an independent director to the company’s Board of Directors effective May 23, 2023.
Dick’s SG Posts 5.3 Percent Comp Sales Growth In Q1; EPS Up 38 Percent
Dick’s Sporting Goods reported net sales for the fiscal first quarter rose 5.3 percent to $2.84 billion from $2.70 billion in the prior-year Q1 period. Comparable store sales grew 3.4 percent
Walmart Opens First Market Fulfillment Center In Arkansas Store
Walmart opened its first high-tech Market Fulfillment Center (MFC) in Arkansas at Store 100 in Bentonville, underlining the retailer’s strategic move to expand using its stores as fulfillment centers to enhance the shopping experience.
Traeger, Inc. Hires EVP Of Engineering
Traeger, Inc. has hired Brendan Welch as EVP of engineering leading product development and technical execution for Traeger.
Helinox Opens New Creative Center In Tokyo
Helinox opened its third multi-story creative center, “Helinox Creative Center Tokyo” (HCC Tokyo), on May 19.
City Bikes Owner Charlie McCormick Passes Away
Charlie McCormick, founder and owner of City Bikes in Washington, D.C., died of natural causes on May 11 under the stars at a remote camping spot overlooking the Potomac River in Poolesville, MD.
