EXEC: Giant Group Continues Downward Spiral in October; Fails to Offset Sharp 2023 Decline
The Taiwan-based bike manufacturer reported a 6.5 percent year-over-year decrease in sales for the month to NT$4.87 billion. The decline comes despite an easy comp opportunity against a 34.4 percent decline in October last year.
Mammut Voluntarily Recalls Barryvox 2 And Barryvox S2 Avalanche Transceivers
Mammut identified a potential issue with some of the power switches on its latest avalanche transceivers and voluntarily issued a recall to inspect, and, where applicable, repair or exchange the product for consumers.
Revo Adds Sales Representation for Scandinavian Market
Sporty Outdoor, based in Trysil, will represent the brand’s sunwear and goggles throughout the Scandinavian market (Norway, Sweden, Denmark, and Finland).
Nike Drops N7 Collection Inspired By Native American Ledger Art
Nike partnered with Native American artist Chelysa “Chief” Owens-Cyr, who brings a contemporary take on ledger art, a narrative drawing or painting on paper or cloth predominantly practiced by Plains Indians from the 1860s to the 1920s.
EXEC: Major Asia Footwear Manufacturer Continues to Cut Mainland China Production
The U.S. continues to be the No. 1 destination for deliveries for Yue Yuen, but the region is also losing share to product shipped to Mainland China and Europe. Indonesia is the largest country of origin this year, representing 53 percent of total production.
Von Maur Department Stores Opens First Pennsylvania Store in Pittsburgh
The retailer has opened its newest location at South Hills Village in the suburbs outside Pittsburgh, PA. The 118,000-square-foot store is the company’s first in Pennsylvania.
KemperSports Bolsters HQ with Regional Sales and Marketing Director
Jennifer Cushman joined KemperSports in 2021 as sales and marketing director at Buffalo Creek Golf Club and the Yacht Club at Chandlers, two KemperSports-managed facilities in Rockwall, TX.
Vuori Nets $5.5B Valuation, $825M Investment in Latest Financing Round
The $825 million investment, led by General Atlantic and Stripes, along with a cohort of additional investors, is structured as a secondary tender offer, and raises the activewear’s brand’s valuation to $5.5 billion.
L.L.Bean to Open First Indiana Store
The 16,000-square-foot L.L. Bean store will be the retailer’s fourth new location to open in 2024, giving it 61 stores in the U.S.
NRF: Import Cargo Could See Surge Ahead of Potential Port Strike and Trump Tariffs
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Blackcrows Partners with Rapha to Open Nest Pop-Up Shops in Boulder and Seattle
The French ski brand and maker of performance ski products and apparel, opened its first U.S. pop-up shops in collaboration with Rapha in Boulder, CO and Seattle, WA on November 1. They will remain open through the winter season.
EXEC: Descente Ltd. Posts Another Record Second Quarter in Sales and Profits
Descente Ltd. reported that net sales for the fiscal second quarter ended September 30 increased 4.7 percent to ¥62,818 million, reportedly due to foreign exchange effects and growth of the Descente and Uumbro brands in Japan and South Korea.
The Conservation Alliance Relaunches Land and Water Defense Fund
The Conservation Alliance (TCA) relaunched the Land and Water Defense Fund it founded in 2017, awarding discretionary grants to grassroots organizations working to protect public lands and waters.
Adidas SPZL Reunites with C.P. Company to Celebrate with 10th Anniversary Collection
In 2021, Adidas SPZL and C.P. Company marked the company’s 50th Anniversary with the collaborative Italia CP SPZL trainer. To honor the label’s 10th Anniversary, the Adidas SPZL and C.P. Company collaborated once again, this time on an apparel, footwear, and accessories collection.
EXEC: Alpargatas Saw Havaianas Taking Market Share, Posting Growth in Q3
The management team at Alpargatas, the Brazil-based parent of the Havaianas and Rothy’s brands, offered their take on the 2024 third quarter with a particular focus on the company’s strategic review and transformation process that has already started to bear fruit for the Havaianas flip-flop brand.
