EXEC: Hydro Flask Posts Fiscal Q1 Growth Internationally, but U.S. Falls Short of Plan
Helen of Troy’s CEO said Hydro Flask has embraced the shift in the category with new on-trend content that depicts young people in a range of activities extending beyond its traditional positioning. She also called out that Hydro Flask has broadened its presence in premium grocery customers and beyond.
NRF: Inbound Cargo Volume Forecasted to Grow 14.4 Percent for 2024 First Half
Importers are looking at issues including high shipping rates, unresolved port labor negotiations and continuing capacity and congestion issues from the ongoing disruptions in the Red Sea.
Target Will Stop Accepting Checks at Checkout
Target announced on Tuesday, July 9, that, as of July 15, it will no longer accept personal checks from customers at the time of checkout. The retailer confirmed its decision with the Associated Press, citing “extremely low volumes” of customers who pay by check.
Nordstrom to Open a New Rack Store in Coral Springs, FL
The new Nordstrom Rack in Coral Springs, FL, is expected to open in fall 2025. The 31,000-square-foot store will be located in Pine Ridge Square, a popular shopping center.
GoPro, Inc. Partners with Softbank Subsidiary for Japan Distribution
The new distribution partnership with SoftBank Group’s SB C&S Corporation in Japan will expand GoPro product sales through one of the largest sales networks in the region.
WNDR Alpine Launches All-Season Outdoor Gear with Biology Inside
Demonstrates the performance of bio-based materials for industry-wide adoption, reducing reliance on non-renewable sources of oil among a broader community of brands seeking innovative material solutions.
Osprey and Hydro Flask Parent Cuts Fiscal Year Outlook on Weak Consumer and DC Issues
Home & Outdoor net sales revenue, which contains the Osprey Packs and Hydro Flask brands, decreased 8.6 percent to $198.5 million in the quarter, compared to $217.1 million in the prior-year quarter.
Johnston & Murphy Revamps Two Mall Locations, Remains Focused to Retail Expansion
Redesign stores at Short Hills and Twelve Oaks aim to capitalize on the bounce back of America’s malls, attracting a younger consumer looking for an “engaging retail experience and instant gratification.”
EXEC: Columbia Sportswear Shares Tick Up on Analyst Upgrade
The last big jump for Columbia came after 2024 first-quarter results surpassed analysts EPS expectations and revenue also came in ahead of consensus estimates. COLM shares jumped 10.6 percent at the time. COLM shares are now flat for the year.
EXEC: New Report Sees E-Commerce Growth Rate Contracting 70 Percent by 2029
According to data presented by Stocklytics.com, the annual growth rate in the e-commerce sector is now expected to slow to just 4.6 percent by 2029, or 69.3 percent lower than the forecasted 2024 growth rate.
NRF: Consumers Face ‘Critical Moment’ Waiting on Fed
National Retail Federation Chief Economist Jack Kleinhenz said the Fed must balance using high interest rates to reduce inflation with the risk that keeping rates too high for too long could slow the economy to the point of recession.
Protect Our Winters Appoints COO
Ryan Laemel is the first chief operating officer operations, overseeing financial planning, training, events, Athlete and Science Alliances, and Team POW, POW’s member program.
EXEC: Vista Outdoor Rejects MNC Final Offer as CSG Ups Ammo Segment Offer to $2.1B
Vista Outdoor Board unanimously recommended the CSG offer to acquire Vista’s Kinetics Group ammo segment, and it unanimously rejected MNC Capital’s final indication as inadequate and opportunistic, particularly in its undervaluation of the Revelyst outdoor products segment.
Paul Fredrick Names New CEO
Erica Lee is the company’s new chief executive officer. Neal Black, former CEO of Paul Fredrick and Jos. A Bank will continue to serve on Paul Fredrick’s Board of directors.
SGB Media to Close for Independence Day Holiday
SGB Media will not publish the SGB Morning or Evening Newsletters on July 4 and July 5. We will return to the office and resume publication on Monday, July 8.
