SP Connect Taps Creagh-Keller Sales for Mid-Atlantic and Southern Territories
The CK Sales team is led by Stephen Keller and includes Roberto Rivera, Ashley Moore, Bryan Richardson, Darren Poore, Brandon Vice, Rick Adams, and Tim Wisner.
EXEC: JD Sports Expects Full Year Profit at Lower End of Forecast on Weaker Comps
After a good start to the period, helped by strong back-to-school sales, the parent of the JD, Hibbett, Finish Line, DTLR, and Shoe Palace retail banners said it saw increased trading volatility in October, particularly in North America and the UK, reflecting elevated promotional activity and mild weather.
Shoe Carnival, Inc. Lowers Full-Year Sales Guidance on Calendar Shift, Warm Weather Impact
The parent of the Shoe Carnival, Rogan’s and Shoe Station retail banners, reported that Q3 net sales were $306.9 million as compared to $319.9 million in Q3 2023, with ~$20 million moving out of the third quarter due to the retail calendar shift.
EXEC: Target Corporation Shares Hit New Low After Q3 Miss, Disappointing Guidance
For the fourth quarter, the company now expects approximately flat comparable sales and GAAP and Adjusted EPS of $1.85 to $2.45, translating to a full year expected GAAP and Adjusted EPS range of $8.30 to $8.90 per share.
Modern America Campgrounds Acquires NH Campground with Four More in Pipeline
The largest RV park owner in the Northeast has acquired Winding River Campground in Exeter, NH. The company said the deal marks its 29th park acquisition in the last 24 months, with plans for 33 locations by the beginning of the 2025 season.
Report: Outdoor Recreation Contributes $1.2 Trillion to the U.S. Economy, Supports 5 Million U.S. Jobs
The newly revised data in this year’s BEA report, outlines that the outdoor recreation economy has grown 36 percent in real terms since 2012 and that outdoor recreation contributes more to the U.S. economy than farming, mining and utilities.
TJX Adds Eight Sierra Locations in Q3; Has Big Merchandise Plans for Sierra E-Commerce
The company said it is well-positioned to take advantage of the outstanding availability in the marketplace and deliver an eclectic mix of exciting gifts to its stores and online throughout this holiday season. The CFO said they have some great merchandise plans for the U.S. e-commerce sites in the Sierra business.
Alterra Mountain Company Closes on A-Basin Acquisition
Alan Henceroth, A-Basin’s chief operating officer who has been with A-Basin for 36 years and has driven the mountain’s unique culture, will continue on to lead the resort and oversee daily operations with his longtime team.
Stio to Expand Retail Footprint in Vail and Sun Valley for 2024/25
For the Fall/Winter 2024/25 season, the company announced plans to open a new Mountain Studio in Vail, CO and bolster its partnership with longtime wholesale partner Sturtevants of Sun Valley, ID, with a Stio shop-in-shop.
Ski California Hires John Rice as President, Appoints New Chief Counsel
The 47-year ski industry veteran has been appointed the association’s new president. Rice, who has served as VP and general manager of Sierra-at-Tahoe since 1993, succeeds Mike Reitzell, now president and CEO of the National Ski Areas Association. The Board also appointed Kristin Bohm, Esq. specializing in ski industry defense, as special counsel to Ski California.
Amer Sports Makes Key Leadership Changes; Expands Global Leadership Team
Guillaume Meyzenq has been appointed new president and CEO for Salomon and Michael Hauge Sørensen returns to former role as advisor to Board of Directors. The Global Leadership Team was expanded to support company’s next phase of growth.
EXEC: Salomon Gets New CEO as Growth Moderates in Q3 on Weaker Equipment Business
By region, strong growth in Greater China and APAC was said to be partially offset by slower sales in EMEA and North America. The company expects to end 2024 with approximately 200 Salomon stores in China, with the opportunity to grow to several hundred locations over time in just Tier 1 and 2 cities.
Evergreen Outdoor Group Adds Partner Covering Pacific Northwest
Erik Walcott and Sara Zuchetto will now partner on the Evergreen Outdoor Group business, representing current brands including Chrome, Fits Socks, Free Fly, Kizik, and Oboz.
Nordstrom Sets Fall 2025 Plan for Rack Store in Lakeland, FL
The 30,000-square-foot store will be in Lakeside Village, a shopping center that includes Kohl’s, Books-A-Million, Belk, and entertainment options, including CMX Cinemas. Lakeside Village is owned and managed by Continental Realty Corporation.
Former NSGA Board Chairman Craig Koenig Passes Away
Koenig served on the NSGA Board of Directors from 1985 to 1992 and was Chairman from 1990 to 1991. As the Chairman and CEO of the Cleveland, OH-based family business Koenig Sporting Goods, Koenig oversaw the company’s growth from two stores in the late 1960s to an independent retail chain of 40 stores in the 1990s.
