SGB Update Outdoor
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).
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.
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.
Abercrombie & Fitch Co. Promotes Tenured Company Leader to CFO
Robert Ball was promoted to chief financial officer, effective November 20, 2024, reporting to Scott Lipesky, executive vice president and chief operating officer.
Burlington Stores, Inc. Appoints Former Staples CEO to Board
Shira Goodman, former CEO of Staples, Inc., will join Burlington Stores Board of Directors and Audit Committee effective January 1, 2025.
Nordstrom Beats Street Estimates for Q3 on DD Growth in Women’s Apparel and Active
In the third quarter, Nordstrom saw women’s apparel and active post double-digit growth, while shoes, men’s apparel and kids were up in the mid- to high-single-digits versus Q3 2023. Growth in women’s apparel, shoes and men’s apparel reportedly accelerated sequentially from the second quarter.
RVIA Survey Finds 21 Million Americans Plan to Travel by RV During the Holiday Season
The survey found that 21 million Americans plan to go RVing between Thanksgiving and New Year’s, with 9 million hitting the road for Thanksgiving and 7 million for Christmas.
L.L.Bean Opens New Maine Outlet Store
Jason Sulham, the company’s public affairs manager, reported that the 14,500-square-foot store will move into an existing space near the Market Basket grocery store in The Shops at Biddeford Crossing.
Kohl’s Snags Ashley Buchanan from Michael’s as New CEO; Kingsbury Signals Exit
Company CEO Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay remain in an advisory role to Kingsbury and retain his position on Kohl’s Board of Directors through his retirement in May 2025.
Kohl’s Shares Plunge 17 Percent as CEO to Exit and Q3 Results, Holiday Outlook Disappoint
The mid-tier retailer’s outgoing CEO Tom Kingsbury said in a Tuesday, November 26, media release that third quarter results did not meet expectations as sales remained soft in the retailer’s apparel and footwear businesses.
Nike, Inc. Appoints Executive VP and Chief Human Resources Officer
Treasure Heinle, the company’s chief talent officer, will assume the role of executive vice president and chief human resources officer, effective January 6, 2025. She succeeds Monique Matheson, who has decided to retire after 26 years with the company.
Circana Taps into Kroger Executive Ranks to Find Next President and CEO
Stuart Aitken will join Circana on January 1, 2025 from Kroger, where he has served as chief merchant and marketing officer since 2019. He succeeds Kirk Perry, who has decided to retire from the role. He will remain a Board director.
Study: Consumers Are Returning to Brick & Mortar Stores Post-Election
Shoppers are returning to brick-and-mortar stores in significant numbers this holiday season amid a notable cutback in post-election seasonal spending, according to a new consumer survey by First Insight, a customer-driven AI-powered retail platform.
Hari Mari Appoints Chief Merchandising Officer
Kate White will lead its newly expanded merchandising arm. She most recently worked as the head of commercial merchandising for North America and Europe at Fossil Group.
