SGB Update Outdoor
Timberland Opens Store in Downtown Detroit
Timberland opened its first standalone store in metro Detroit. The 1,400-square-foot store opened on November 14 at 1217 Woodward Avenue.
Academy Sports Opens Five Stores
Academy Sports + Outdoors has opened five new stores in the fourth quarter in Russellville, AR; Seguin, TX; Fort Wayne, IN; El Paso, TX; and New Braunfels, TX. With the addition of these stores, Academy will have opened 24 new locations by the end of fiscal 2025.
NBDA Sets New Board Leadership
The National Bicycle Dealers Association (NBDA) announced the election of new board leadership for 2025. Andrew Feenstra, owner of Cyclesmith in Halifax, Nova Scotia, has been elected Board chair; Paul Tobio, owner of Ryder Bikes in Bradenton, FL, will serve as vice chair; and John Robinson, owner of Johnny Velo Bikes in Columbus, OH, has been elected secretary.
ICSC Sees Uptick in Thanksgiving Weekend Spending
ICSC’s 2025 Thanksgiving Weekend Intentions Survey found that consumers expect to spend an average of $542 over the five-day period, November 27-31, up 2.5 percent from $529 last year. Millennials are expected to outspend all other generations, with an average spend of $764 per person.
Compass Diversified’s Lugano Subsidiary Files for Bankruptcy
Compass Diversified (CODI), the parent of BOA, Primaloft, 5.11, and Velocity Outdoor, reported that its jewelry subsidiary, Lugano Holding, Inc., has filed for Chapter 11 protection under the U.S. Bankruptcy Code. CODI said it continues to work constructively with lenders and bondholders to ensure flexibility as it finalizes its financial restatements and regains compliance with the Securities and Exchange Commission.
Circana Sees 2 Percent Growth In October U.S. Retail Revenue
Noticing U.S. continued consumer resilience “to demonstrate their resiliency and flexibility in navigating the challenges facing them,” Circana, LLC. reported U.S. retail dollar sales revenue grew 2 percent while unit demand remained flat during the four weeks of November compared to the same time in 2024.
Johnnie-O Opens West Palm Beach Store
Johnnie-O opened a new store at CityPlace in West Palm Beach, FL, the 14th branded store for the company and first standalone location in the city.
Walmart CEO Doug McMillon Retiring, Succeeded by John Furner
Walmart, Inc. announced that CEO and President Doug McMillon will retire next year, following more than a decade at the helm. He will be replaced by U.S. Division Chief CEO John Furner, who has been with the retailer for over three decades.
Perfect Moment’s Q2 Sales Expand 24 Percent
The London-based luxury skiwear maker’s sales rose 24 percent in the fiscal second quarter ended September 30, to $4.8 million from $3.8 million a year ago. Adjusted EBITDA loss shrunk to $800,000 from a loss of $2.0 million.
3D-Printing Tech Company, Carbon, Closes on $60M Funding
Carbon, Inc., a Silicon Valley–based additive manufacturing company that has worked with Adidas, Riddell, and cycling brands, raised $60 million in new funding. The round was headlined by current investors Sequoia Capital, Silver Lake, Adidas, Baillie Gifford, Madrone, and Northgate.
CNBC/NRF Retail Report Sees Continued Solid — But More Moderate — Trends in October
The National Retail Federation reported that retail sales grew again on a month-over-month (m/m) basis in October, but year-over-year (y/y) sales increases remained healthy, albeit moderated, as retailers prepare for the Holiday selling season.
Malibu Boats Appoints CFO
Malibu Boats Inc. has appointed David S. Black as chief financial officer, effective immediately. Black will succeed Bruce Beckman, whose resignation took effect on November 12.
MarineMax Posts Q4 Loss, Same-Store Sales Gain 2.3 Percent
MarineMax Inc. reported a small loss in its fiscal fourth quarter ended September 30, primarily due to higher costs and lower sales resulting from fewer new boat sales and rationalization efforts, including store closures, over the last year. Same-store sales increased 2.3 percent, driven by strength in used boat sales.
Dillard’s Posts 3 Percent Third Quarter Comp Gain; Pushes EPS Higher
Dillard’s, Inc. reported earnings rose 4.2 percent in the third quarter on a 3 percent same-store gain. Strong sellers included ladies’ accessories and lingerie, juniors’ and children’s apparel and ladies’ apparel.
Can-Am Sales Group Adds Senior Account Manager
Can-Am Sales Group, LLC. appointed Ray Ragolta as senior account manager and director of fall goods. Prior to joining Can-Am Sales Group, Ragolta held his most recent role with the Alliance Group.
