SGB Update Outdoor

The Microfibre Consortium Shuffles the Leadership Deck

Research Director Dr. Kelly Sheridan, who is also an Assistant Professor in Forensic Science (Textile Fibers) at Northumbria University, will reportedly step into the CEO chair, while Founding Director Sophie Mather will transition from the Board of Director to an advisory role, supporting “the continuity of the topic and the organization.”

REI to Close Santa Monica Store

REI confirmed plans to close its store in downtown Santa Monica, CA, due, in part, to higher costs of doing business. The two-story, 32,000-square-foot location will close February 29, 2024.

Livsn Designs Secures Funding From RZC Investments

Livsn Designs, a sustainable outdoor apparel brand, reported it raised seed capital led by RZC Investments, a Bentonville, AK-based multi-strategy investment firm on behalf of Steuart and Tom Walton.

VF, Vista Outdoor, Wolverine Worldwide Top Most-Read SGB Articles for November

November 2023 featured to usual articles for the start of the holiday shopping season and the end of the retail fiscal quarter, but it was a dramatic job cutting announcement from VF Corporation, parent of The North Face, Vans, Timberland, Dickies and Jansport that got the most attention over the 30-day period.

Consumer Confidence Rebounds in November

U.S. consumer confidence rose in November after three straight monthly declines, with U.S. consumers planning big-ticket purchases, including motor vehicles and houses, over the next six months despite higher prices and interest rates.

Vista Outdoor Appoints Co-CEOs Ahead of Split

As part of the previously announced plan to sell its ammo business to Czechoslovak Group and change the company’s name to Revelyst, Vista Outdoor, Inc. named Eric Nyman and Jason Vanderbrink as co-chief executive officers in a regulatory filing.

Newell Brands Adds New Board Member

Effective January 1, 2024, Anthony Terry, recently retired executive vice president and chief financial officer of Marriott Vacations Worldwide Corp., will serve on the company’s Board of Directors.