EXEC: Gartner Expects 32 Percent of Consumers to Shop Early for Holidays
Gartner suggests that 32 percent of consumers will begin holiday shopping between July and October and only 14 percent of U.S. consumers plan to spend more year-over-year, with 21 percent of consumers reducing their holiday spending.
The Lycra Company Publishes Latest Sustainability Update, Progress Versus 2030 Goals
The sustainability goals outlined in the company’s third annual report are structured around three pillars and align with five United Nations Sustainable Development Goals.
SportRx Adds New Leadership in Marketing, Sales and Operations
SportRx has hired Monica Rigali as VP of marketing and Curtis Ellis as VP of sales and operations. They will report to Rob Tavakoli, who was promoted to CEO in 2022 after nearly 18 years working for the company.
Coolcore Appoints CEO and Majority Owner
Eric Schenker has joined the company as chief executive officer and majority owner. Previously, he was the CEO of Craft Sportswear NA, a performance apparel manufacturer
D&M Holding Invests $70M in Arkansas Ammunition Primer and Energetics Facility
The company said the new White River Energetics facility in Des Arc, AR will be the first single-base propellant factory to be built in the United States in over 50 years.
Report: Companies are Lowering the Talent Bar and Modifying Job Requirements
Companies are challenged to find both best-fit outside candidates and identify and cultivate existing talent,” Betterworks observed in the survey summary report.
Outdoor Recreation Industry Convenes Briefing on Impacts of U.S. Trade Policy
Industry stakeholders in the virtual meeting emphasized that growth in the outdoor recreation economy is threatened by ongoing trade disruptions and the expiration of essential trade programs, including the Generalized System of Preferences.
Report: August Retail Sales Growth Slowed Sequentially from July Trend
August’s core retail sales, as defined by the NRF, are based on census data, excluding auto dealers, gas stations and restaurants, were reportedly up 0.3 percent m/m seasonally-adjusted and up 3.3 percent y/y unadjusted.
EXEC: Bain Sees E-Commerce Driving 90 Percent of Holiday Growth (updated)
Bain said a potential rate cut this week could spur consumer confidence and sales may also benefit as some consumers feel wealthier from rising disposable income and strong stock market gains this year. Deloitte and Bain both see e-commerce up in the high single digits for Holiday 2024 versus Holiday 2023.
Lazydays Holdings Promotes Amber Dillard to Chief Operating Officer
The newly minted COO sits on the Board of the Lazydays Employee Foundation, which is dedicated to helping at-risk kids in the communities the company serves.
Akusoli Insoles for Healthy Feet, Back and Body
Leveraging acupressure cushions and magnetic technology placed in pressure points corresponding to specific body parts, the company’s insoles offer wearers a “gentle massage for relief and relaxation.”
NRF Names Jill Dvorak as Senior VP of Content
Dvorak previously served at the NRF as vice president of content and retail strategy from 2017 to 2022. Before returning to the NRF, Dvorak was the chief content officer at CommerceNext.
X-Vision Optics Adds New Marketing Specialist
With nine years of digital marketing experience, Brady Stevenson is expected to play a key role in shaping the company’s marketing strategies.
Arcus Hunting Appoints Product Development and Category Management Lead
Matt Kinamore, who was most recently at American Outdoor Brands, will reportedly oversee the company’s portfolio across key categories, including hunting and fishing scents, scent elimination, and outdoor accessories.
Freedom Munitions Shuttering Nevada Operations as Idaho Expansion Continues
The company is consolidating its X-Treme Bullets projectile component production from its Carson City, NV plant into its Lewiston, ID facility. Freedom Munitions expects to close the Carson City site by the end of 2024.
