SGB Update Outdoor
Authentic Brands Group and Saks Launch New Luxury Platform
Through its focus on innovation and global expansion, ALG aims to generate growth opportunities and create value for its strategic licensing and distribution partners, each of which bring distinctive positioning, loyal followings and significant global potential.
Costco Comps Grow 8.9 Percent in September Ex-Fuel
Costco Wholesale Corporation reported net sales of $24.62 billion for the five weeks ended October 6, an increase of 9.0 percent from $22.59 billion last year.
Peak Performance Opens First Store in London
Peak Performance opened a concept store on September 27 in London’s Covent Garden. The brand also opens its U.S. online store to consumers.
BRP Reports Departure of Board Director
Board member Estelle Métayer had tendered her resignation as a company director, effective October 9, 2024, citing personal reasons. She has served on the Board since 2014.
Rock/Creek Outfitters to Rebrand to Gearhead Outfitters
Chattanooga, TN-based Rock/Creek Outfitters announced it rebranded to Gearhead Outfitters, which it acquired in 2019.
Subtotal Distribution Appoints New Sales Managers for Thunderbolt Surfboards
Mike Milliken was appointed executive vice president and Matt Jones as director of sales. They will spearhead global sales initiatives for the company’s Thunderbolt Technologies Surfboard brands, Surf Crime Surfboards and Flying Diamonds of California Surfboard Fins.
Moose Knuckles Receives Minority Investment from Bosideng
Aligned with the investment, Ayal Twik and Noah Stern, who co-founded the Canadian outerwear brand in 2009, will exit as shareholders.
Nordstrom to Open Rack Store North of Dallas
The 26,000-square-foot store will be located at The Gates of Prosper, a shopping center that includes Target, Sephora, and HomeGoods, owned and operated by Blue Start Land.
Turtle Fur Expands Leadership Team with Four New Hires
Turtle Fur added a new chief financial officer, senior merchandiser, controller, and director of business development to support “evolving the brand,”
Import Volume Remains Strong Despite Recent Dockworker Strike
The NRF and Hackett Associates, in its recent Global Tracker Report, expect continued elevated shipment levels through October at the nations major container ports despite the recent strike by dockworkers.
Ted Ligety Joins DPS Skis and PHANTOM Glide Product Teams (COPY)
A member of the U.S. Ski Team for 18 seasons, Ligety has 25 World Cup wins under his belt and is regarded as one of the best giant slalom skiers in ski racing history. Ligety will help develop the DPS and Phantom Glide product lines, working with Senior VP Thomas Laakso and DPS Founder Peter Turner.
Bain Forecasts Record Black Friday/Cyber Monday Sales
U.S. retail sales over Black Friday – Cyber Monday (BFCM) weekend may set a new record, surpassing $75 billion in sales, according to a forecast from Bain & Company. The weekend is expected to deliver year-over-year growth of around 5 percent, outpacing Bain’s overall holiday sales growth forecast of 3 percent for the entire holiday season.
Ski Kare Has New Owners
Ski Kare, LLC, the largest distributor of Vola Racing Waxes in the United States, was acquired by Kyle and Rachel Kucin. Gifford Hoback, the former owner, will continue to work for the company in a consulting and manufacturing capacity.
Accell Group Undergoes Debt Restructuring
Backed by Kohlberg Kravis Roberts & Co (KKR), Accell Group agreed to a restructuring that writes off 40 percent of its debt and will see its liabilities at the operating group level cut to €800 million ($881 million) from €1.4 billion, with maturities extended through to 2030.
Gill Marine Taps Travis Watson as National Sales Manager, Gill Fishing
The company said Watson brings a wealth of experience to his role, with 20 years experience in sales, buying, product development, and sourcing in the hunting and fishing space.
