Audubon International Adds Two Board Members from Golf Industry
Rick Lohman, senior director of corporate accounts at The Toro Company, and Ruth Engle, EVP and CFO at Troon Golf, have been added as at-large board members.
Carbitex Closes Funding Round for Next Growth Phase
The company closed on a new funding round to restructure the company for international expansion. Longtime investors, including Executive Chairman Michael Marks, infused most of the capital into the company.
Academy Sports to Open Location in Meridian, MS
The new store will open on November 11, in time to make the Holiday shopping season. The 55,000-square-foot space at the Meridian Crossroads shopping center will be the retailer’s ninth store in Mississippi.
Survey: SMB Retailers Optimistic on In-Store Holiday Shopping
The 5th Annual State of Small Business Survey by Verizon Business revealed that 52 percent of small and medium-sized businesses and retailers are gearing up for an in-store holiday season, an increase of 13 points from 2023.
EXEC: Mountain Trade Network Acquires London Snow Show Brand
Mountain Trade Network, owners of the Listex, Listex Luxury and Sastex B2B trade shows, has acquired the London Snow Show brand from Raccoon Media Group, marking a milestone in the future of the UK snow sports industry.
Report: September Retail Sales Top Expectations, Led by Clothing and Footwear
U.S. retail sales increased a seasonally-adjusted 0.4 percent month-over-month in September, up from the unrevised 0.1 percent gain in August, according to the U.S. Department of Commerce. The performance was slightly ahead of the 0.3 percent the Dow Jones forecasted.
ICSC Holiday Survey Sees Consumers Spending the Most Since 2018
ICSC also released its forecast for the Holiday selling season based on results gathered in its Annual Holiday Shopping Intentions Survey. It indicates that retail sales are expected to grow from 3.0 percent to 3.5 percent.
EXEC: Nike Eyes Stronger Return to Outdoor Business with Renewed ACG Focus
Nike has tasked Angela Dong, Nike’s top executive in Greater China, with overseeing its outdoor sub-brand, All Conditions Gear (ACG), as Nike revisits its opportunity in the outdoor space to revive growth.
TSG Consumer Partners Appoints Managing Director
TSG Consumer Partners announced the expansion of its portfolio operations group, TSG Vantage and appointed of Brian Crandall as managing director.
BRP Inc. to Sell Off its Marine Businesses Excluding Sea-Doo
BRP will channel its efforts and investments into its Powersports year-round products, seasonal products, parts, accessories, and apparel portfolio, including its OEM business.
EXEC: Frasers Group Managing Director of Sport to Step Down
The parent company of Sports Direct, Everlast, and Slazenger, reported that Ger Wright will leave her role as managing director of Sport at the end of November. Wright will remain on the Group’s Board as a non-executive director.
REI Sets Opening of First Kentucky Store
The store, located in the Paddock Shops in Louisville, KY, with a footprint of approximately 31,100 square feet, will open on November 8. It offers online pickup in-store and at curbside and employs 50 people.
Rural King Opens its First Store in Georgia
The store boasts a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
BOA and Primaloft Parent Launches Stock Buyback Program
Compass Diversified, owner of BOA, Primaloft, 5.11 Tactical, Velocity Outdoor and other active lifestyle brands, said its board authorized the repurchase of up to $100 million of stock.
EXEC: REI Selling Four Distribution Centers in Sale/Leaseback Plan
REI is seeking to monetize the value of the DCs through a triple-net (NNN) sale/leaseback transaction with an end of year 2024 Closing.
