NRF Reports Thanksgiving Weekend Shopper Numbers Fell Short of 2023 Comp Period
The five-day holiday weekend from Thanksgiving Day through Cyber Monday saw an estimated 197.0 million shoppers, reportedly the second highest number in the NRF’s survey’s history after last year’s record of 200.4 million shoppers—exceeding its initial forecast of 183.4 million.
Thermore Appoints VP of Global Marketing and Communications
Laura Beachy has been appointed VP of global marketing and communications. She joins Thermore from Hyla Strategies, a NYC-based boutique marketing firm, where she served as a managing partner since 2014.
Academy Sports + Outdoors Opens Five New Stores to Finish Out 2024
New stores opened in Bradenton, FL; Yulee, FL; Searcy, AR; Meridian, MS; and Corsicana, TX. Overall, Academy continued its expansion in 2024 by opening 16 new stores during the year across ten states, including its first locations in Ohio.
EXEC: Teijin Group Touts Circularity Bonafides, Invests in Pre-B Round at Circularise
The funding will facilitate Circularise’s expansion in high-performance materials and broader industrial markets while preparing the groundwork for an anticipated Series B round.
Amer Sports Launches Public Share Offering of 34M Shares
The company said it intends to use the net proceeds it receives from the proposed offering to repay a portion of its outstanding borrowings under its term loan facilities.
Mastercard SpendingPulse: Black Friday Sales Grow 3.4 Percent; E-Commerce Up 15 Percent
The firm reported that their data indicated online retail (e-commerce) sales increased 14.6 percent, while In-store (brick & mortar) sales were up a more modest 0.7 percent, compared to Black Friday last year.
Akaso Appoints U.S. Director of Sales
Eric Squires will take on the role of director of sales for the U.S., overseeing all wholesale, professional and direct sales of the company’s action cameras, Seemor night vision goggles and accessories.
EXEC: G3 Genuine Guide Gear Acquired Out of Receivership
In August 2024, Deloitte Restructuring, Inc. (DRI) was appointed by the Supreme Court of British Columbia as the Receiver, without security, of certain G3 assets. The Court approved an Asset Purchase Agreement with Canadawide Sports on November 8.
Report: Black Friday In-Store Shopper Traffic Falls 8.2 Percent Year-over-Year
The brand’s ShopperTrak Analytics insights show that U.S. shopper visits were down 3.9 percent from November 24 through November 29, in line with the in-store traffic trends seen year-to-date (down 3.0 percent year-over-year).
Reports: Black Friday Online Shopping Breaks Records as Brick & Mortar Traffic Wanes
At first glance, it appears that Black Friday weekend did not materialize as hoped or expected this year as e-commerce came out the clear winner for Black Friday and brick & mortar sales suffered for the official start of the Christmas holiday shopping season.
Malibu Boats CEO to Assume President Role as Ritchie Anderson Plans Retirement
Company President Ritchie Anderson will retire effective February 7, 2025. Upon his retirement, company CEO Steve Menneto will become president of Malibu Boats, Inc., with Donna Tallent, SVP of operations, assuming leadership for MBI operations.
Rally House Opens New Storefront in Minneapolis
Rally House Maple Grove Crossing opened on November 27. The retailer entered the Minnesota market this year with its first store in Tamarack Village in Woodbury. Today, it operates five stores in the state.
The Lycra Company Introduces Lycra EcoMade Bio-Based Fiber
The company will launch its bio-based Lycra EcoMade Fiber at the ISPO Munich trade fair, which will take place from December 3 to 5, 2024. Live!, the sustainable clothing brand’s Upfit capsule collection, includes leggings, a top, and a jumpsuit made with Lycra’s bio-derived EcoMade fiber.
Vista Completes Ammo Segment Sale; Revelyst Sale Set for January Close
The sale of The Kinetic Group to Czechoslovak Group a.s. has been completed. The company’s Outdoor Products segment, also known as “Revelyst” will begin trading on NYSE on Wednesday, November 27 under the ticker “GEAR”.
Urban Outfitters Shares Jump on Strength of “Resilient” Consumer
Comparable retail segment net sales increased 5.8 percent at Anthropologie and 5.3 percent at Free People. Comps decreased 8.9 percent at Urban Outfitters. Nuuly segment net sales increased by 48.4 percent.
