Report: Inflation Likely to Restrain Sales on Black Friday/Cyber Monday
A recent YouGov report report found that U.S. consumers expect to spend less during these iconic shopping days, with 27 percent planning to spend less and just 9 percent increasing their spend from last year.
Walmart U.S. Appoints Chief Growth Officer
Seth Dallaire, the retailer’s chief revenue officer, was named chief growth officer for Walmart U.S. Walmart’s U.S. Chief Product Officer, Jon Alferness, is leaving the company, but will work in an advisory role through the end of the year.
National Ski Areas Association Appoints New President and CEO
Mike Reitzell’s official start date will be determined based on the transition needed to bring in a new leader at Ski California. He will continue to lead Ski California until the company finds his successor.
Nordstrom’s Head of DEI Departs
Colleen Mitchell, has left the company after just over two years in the role. Before joining Nordstrom in August 2022, she was head of DEI at Petco and prior to that, held a similar role at Amazon.
EBay Bans Private Sales of E-Bikes in the United Kingdom
EBay is clamping down on private sales of e-bikes and e-bike batteries on its U.K. platform following concerns about fire safety; however, it is unclear how the new rule will impact fire concerns.
Modern Meadow Appoints CEO
Dr. Williamson will transition from president and chief operating officer to chief executive officer, effective October 14. He has worked in multiple roles since 2015 for the Bio-Vera sustainable-materials brand.
Optima Cycles Acquires Dolly Bikes
Amsterdam-based e-bike and electric cargo bike manufacturer Optima Cycles strengthens its position in the growing e-cargo bike market with the acquisition of Dolly, the e-cargo bike brand based in Utrecht, Netherlands.
Board Retailers Association Adds Advisory Member to Board
The non-profit, supporting independently owned surf, skate, snow, and wake retailers, said Dan Jablons has helped independent retailers throughout his long career in the industry.
Survey: Inflation a Top Concern for Holiday Shoppers
Manhattan Associates, Inc.’s 2024 Supply Chain Confidence Survey found that 85 percent of consumers cited inflation and increased prices as a top concern for how they will shop for the upcoming holiday season.
Iconic Vasque Brand Discontinued by Parent Red Wing
Red Wing Shoe Company issued a statement confirming that its Vasque outdoor boot brand is being discontinued.
Galfer Appoints New Global Marketing Director
Guillermo Font is a 20-plus-year marketing and brand development veteran who has worked across various sectors and countries, driving growth and innovation.
L.L.Bean Officially Opens Doors in Enfield, CT
In June, L.L.Bean announced plans to open four new retail stores in 2024, including its first store in Indiana, underscoring its omnichannel growth strategy. Last week, the retailer’s Enfield, CT store officially opened in Brookside Plaza, its third in the state.
CNBC/NRF Retail Monitor Sees Consumers Pull Back Spending In September
Retail sales saw a slight month-over-month drop in September but consumers continued to spend more than last year as interest rates and inflation fell and employment rose, according to the CNBC/NRF Retail Monitor.
Maine Outdoor Brands Appoints Board President
Maine Outdoor Brands appointed Devin McNeill, CEO and co-founder of Flowfold, as its new board president, succeeding Kay Henry. The organization also added three new members to its board of directors.
Niner Bikes Moves To New Location in Fort Collins
Niner Bikes, owned by parent company United Wheels, is leasing a new office space in Fort Collins, CO to support growth plans.
