Walmart Closes Four Stores In Chicago
Walmart reported it will close four of its eight stores in Chicago after stating the stores were losing “tens of millions of dollars a year, and the retailer’s annual losses nearly doubled in just the last five years.”
Marolina Outdoor Adds Industry Veterans To Team
Marolina Outdoor, the parent company of Huk Performance Fishing and Nomad Outdoor, hired Dean Rurak as CEO and Bill Ferreira as senior vice president of sales and merchandising, effective May 1.
Sportsman’s Warehouse Q4 Profits Decline On Double-Digit Comps Decline; CEO To Retire
Sportsman’s Warehouse Holdings, Inc. announced that John Barker, CEO, plans to retire as CEO and director, effective April 14, to spend time on personal interests. Joseph Schneider, the current Board chair, has been appointed interim CEO. The change comes as the retailer reported fourth-quarter earnings declined sharply against strong year-ago results and although EPS slightly exceeded Wall Street’s targets.
Gunpowder, Inc. Forms Executive Leadership Team
Gunpowder, Inc. reported forming an executive leadership team, promoting Carie Breunig to the chief operating officer, Leah Berg to president and Caitlin Conley to vice president of finance. Agency Founder Ryan Chuckel will remain in the CEO role.
Vista Outdoor Promotes Vanderbrink To CEO, Sporting Products Segment
Vista Outdoor, Inc. promoted Jason Vanderbrink to Sporting Products’s CEO, effective immediately. Vanderbrink has been with the company since 2005 in executive leadership roles, including senior vice president of sales and president of Sporting Products.
Camping World To Acquire Travel Land RV Center In Michigan
Camping World Holdings, Inc. reported it would acquire Travel Land RV Center in Houghton Lake, MI, expected to close in the second quarter of 2023.
Report: Year-Over-Year Online Prices Fell Again In March But Apparel Shows Increases
Adobe is reporting that online prices in March 2023, as tracked via the Adobe Digital Price Index (DPI), powered by Adobe Analytics, fell 1.7 percent year-over-year (YoY), marking the seventh consecutive month of YoY price decreases.
Feelfree US Expands With West Coast Distribution Center
Feelfree US, LLC opened a new regional distribution center in Diamond Springs, CA, to meet consumer demand in the West Coast region.
Industrial Revolution Names New Regional Sales Manager
Industrial Revolution named Harrison Frye as regional sales manager, responsible for managing relationships across the company’s markets, managing accounts and overseeing independent reps and distributors of its brands, including UCO, Morakniv, Esbit, and Pedco.
NRF: Imports Climbing But Below Pandemic Peaks
Import cargo volume at the nation’s major container ports should climb steadily through the summer but will remain below record-setting levels seen during most of the pandemic, according to the Global Port Tracker report* released by the National Retail Federation (NRF) and Hackett Associates.
Orion Wholesale Hires Director Of Business Development
Orion Wholesale hired Mike Hutchings as director of business development, overseeing the growth and expansion of new business, using its products and services to identify opportunities and increase revenue.
Brunswick Corp. Makes Changes To Segment Reporting
Brunswick Corporation updated its reportable segments from three to four—Propulsion, Engine Parts & Accessories, Navico Group, and Boat. The company’s previous Parts & Accessories reportable segment now splits into Engine Parts & Accessories and Navico Group.
NRF: Full Effect Of The Fed’s Monetary Tightening Has Not Shown Up
The National Retail Federation’s (NRF) Chief Economist, Jack Kleinhenz, believes its recently-published 2023 retail sales forecast was one of the most difficult written to date.
Lipsey’s Promotes Two In Top Leadership Shuffle
Firearms distributor Lipsey’s promoted company President Flint Virgets to executive industry director and SVP/CFO Mark Emonet to president. He retains his role as CFO.
Mastercard: March Retail Sales Up 4.7 Percent, Driven By Growth In Service Sector And Grocery
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales, excluding automotive, were up 4.7 percent year-over-year in March.
