SGB Update Outdoor
Record 166.3 Million Shoppers Expected During Thanksgiving Weekend
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more consumers than last year and is the highest estimate since the NRF began tracking the data in 2017.
Retail Sales Growing As Holiday Season Begins
Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in October were up 1.3 percent from September and up 8.3 percent year over year.
OR To Shift 2024 Winter Show To November 2023, Adds January Conference
Outdoor Retailer said that starting November 2023, the Outdoor Retailer Snow Show will shift from early January to November and be rebranded as Outdoor Retailer Winter.
USA Shooting Announces New CEO
USA Shooting hired Craig Kozeniesky as CEO, effective early January 2023. Brent McPherson will serve as interim CEO, and Alex Szablewski as interim COO until Kozeniesky assumes his role full-time.
KMD Brands Delivers Strong Sales And Profit Growth In First Quarter
KMD Brands Limited, formerly Kathmandu Holdings Limited, reported sales surged 61.8 percent in the first quarter ended October 31, reflecting the removal of Australasian lockdowns and a return to more normal trading.
Target’s Shares Tumble On Soft Holiday Outlook
Shares of Target fell $23.51, or 13.1 percent, to $155.47 Wednesday after the chain reported third-quarter profits plunged 52 percent and warned of a sluggish holiday, blaming inflationary pressures and a deteriorating economic outlook.
Boardriders Lays Off 170 Employees
Boardriders, which is undergoing a sales process, eliminated 170 jobs in a cost-cutting move, according to Shop-Eat-Surf.
Oboz Footwear Names VP Of Finance
Oboz Footwear hired Rob Leo as VP of finance. He joins Oboz from Skullcandy, Inc.
Steelhead Outdoors Moves To Larger Facility
Steelhead Outdoors consolidated its operations, moving into a 4,000-square-foot space in Shakopee, MN, a Southwestern suburb of Minneapolis–St. Paul.
Play It Again Sports Parent Appoints Board Member
Winmark Corp., the parent of Play It Again Sports, named Amy C. Becker to its Board of Directors.
Kamik Names New COO
Kamik, the Canadian boot brand, hired Steeve Côté as chief operating officer, leading global operations, including supply chain management, manufacturing, and logistics.
On Again Lifts Guidance Following Strong Q3
On Holding AG raised its full-year outlook again after reporting earnings in the third quarter ended September 30 grew 20.5 percent on an adjusted basis on a 50 percent sales gain.
Katie O’Donohue Re-Joins SGB Media As Associate Publisher
SGB Media, LLC has announced that Katie O’Donohue has joined the company as Associate Publisher, effective immediately.
Winnebago Industries Sets 2025 Strategic Plan Targets
Winnebago Industries President and Chief Executive Officer Michael Happe and other company leadership team members provided its 2025 strategic plan targets during its Investor Day meeting and an overview of its long-term strategies, business updates and perspective on the outdoor lifestyle industry.
Snow Peak Opens First Shop-in-Shop In Costa Mesa, CA
Snow Peak, the Japanese outdoor lifestyle brand, opened its first shop-in-shop in the U.S., partnering with Costa Mesa, CA-based retailer Seed People’s Market, the outdoor retailer representing over 500 eco-conscious brands.
