Alterra Closes On Snow Valley Mountain Resort Acquisition
Alterra Mountain Company closed on the purchase of Snow Valley Mountain Resort, adding another Southern California destination to its regional portfolio.
Camping Report: Millennials Prefer Tent Camping While Gen Z Likes Glamping
In its Annual State of the Industry Report, RMS North America examined Millennials and Gen Z camping behaviors and preferences focused on their technology use.
Nordstrom Cuts Outlook After Holiday Sales Slump
Nordstrom, Inc. posted declines in both comparable store sales and net sales for the nine-week Holiday period ended January 1 as promotional environment and tight margins prompt the retailer to lower fiscal year guidance.
Darn Tough Vermont Hires Environmental And Social Responsibility Chief
Darn Tough Vermont hired Kristen Graf as global director, Environmental and Social Responsibility. Graf steps into the role with two decades of developing and overseeing sustainability and equity programs.
Compass Diversified Authorizes $50 Million Share Repurchase Program
Compass Diversified Holdings said its Board of Directors authorized the repurchase of up to $50 million of its issued and outstanding common shares.
REI To Open Store In Mount Pleasant
REI Co-op is scheduled to open a store in Mount Pleasant, SC on February 17. Located in Indigo Square at 1720 Shoremeade Road, the store measures 21,500 square feet.
Wolverine World Wide’s Debt Ratings Lowered
S&P Global Ratings downgraded the debt ratings on Wolverine World Wide, Inc., citing the footwear company’s weakened operating performance over the past few quarters.
Unifi Sees Steep Sales Decline In Fiscal Second Quarter
Unifi, Inc., the maker of Repreve, said it expects to report a 24 percent to 25 percent drop in sales in its fiscal second quarter ended January 1, worse than forecast.
C-A-L Ranch Stores To Merge With Coastal Farm & Home
C-A-L Ranch Stores, the farm and ranch retailer with 33 locations across Idaho, Utah, Nevada, and Arizona, entered into a merger agreement with Coastal Farm & Home, a ranch and country lifestyle retailer with 21 locations in the Pacific Northwest.
Salomon And Hoka Top StockX List Of Growth Brands In 2022
StockX released its annual report, Big Facts: Current Culture Index, noting that it surpassed 1.5 million lifetime sellers, 12 million lifetime buyers, and 40 million lifetime trades in 2022.
NRF: Holiday Sales Climb 5.3 Percent, Just Below Forecast
Retail sales during the November/December 2022 holiday season grew 5.3 percent over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high-interest rates.
Vail Resorts Sees Early Season North American Skier Visits Up 12.5 Percent
It looks like big snow equals big business, at least for ski resort owner and operator Vail Resorts, Inc. The company reported preliminary season-to-date total skier visits were up 12.5 percent through January 8, compared to the 2021/22 season-to-date period.
Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most
The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.
NRF Promotes From Within For Foundation Executive Director
The National Retail Federation promoted Adam Lukoskie to executive director of the NRF Foundation. He had been the Foundation’s vice president.
Report: U.S. Discretionary Retail Spending Dips In 2022
The NPD Group is reporting that total unit sales of U.S. discretionary general merchandise in 2022 were 7 percent lower than the prior year, and sales revenue fell 2 percent.
