SGB Update Outdoor
Report: Retail Industry Continues to be Largest Private-Sector Employer
The retail industry supported 55 million full- and part-time jobs in 2022, accounting for 26 percent of total U.S. employment, according to a new report released by the NRF.
Motocaddy Strengthens U.S. Sales Team Following Record Growth
The new joint Vice Presidents of Sales, Mike Samoles and Andy Warren, have over 50 years of golf industry experience between them and join the brand following a reported record growth of 42 percent last year.
American Apparel Expands Reach in Australian and New Zealand Markets
American Apparel, owned by Gildan Activewear, is expanding its reach in the Australian and New Zealand markets, releasing its 2024 product line through a dedicated e-commerce website.
RVIA: Board Meeting Notes and RV Campground Coalition Hold First In-Person Meeting
The newly formed RV Campground Coalition held its first in-person meeting and began setting goals to unify the industry around campgrounds’ importance to RV camping’s current and future health.
Joyride Closes Series A Funding to Connectivity in Low-Speed Electric Vehicles
The company powers connected electric vehicles in over 250 global markets, from e-scooters and e-bikes to mini-cars and golf carts.
Lands’ End, Inc. Authorizes $25 million Share Repurchase Program
The company expects that purchases will be funded through existing cash on hand, cash from operations, borrowings under its asset-based senior secured credit facility or a combination of the foregoing.
Ruffwear Builds Leadership Team as Brand Celebrates 30 Years
Ruffwear promoted Young Joen to chief operating officer, hired Robin Skillings as chief marketing officer and Sandella Gansheimer as chief revenue officer.
Amazon’s Inaugural Big Spring Sales Event Begins March 20
Amazon’s first Big Spring sale kicks off on March 20 and runs through March 25. Free Prime shipping applies during the sale with free same-day or one-day delivery.
Streamlight, Inc. Promotes Three Sales Professionals
The company promoted Eric Pike to director of e-commerce and digital shelf architecture, Kevin Burger to director of automotive and hardware and Geoff Evans to sales director, Canada.
G-III Apparel Swings to Q4 Profit as Owned-Brands Increase as Share of Business
The company said it delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of its higher margin, owned brands to 47 percent of fiscal 2024 net sales, up from 40 percent last year.
Solo Brands Sees Q4 DTC Sales Shrink on Lack of New Product, Focus on Wholesale
A 16.2 percent overall Q4 sales decline was said to be due, in part, from a lack of significant new product launches in the fourth quarter when compared to the prior-year quarter. Full year Wholesale sales grew 45 percent, while DTC sales fell 15 percent.
Dick’s Sporting Goods Sees Q4 Comps Up 2.8 Percent As Net Grows 26 Percent
Dick’s Sporting Goods expects fiscal 2024 full-year comparable store sales growth to be in the range of 1.0 percent to 2.0 percent and net sales in a range of $13.00 billion to $13.13 billion.
Fossil Group Names Interim CEO and Board Director as Kartsotis Steps Down
Jeffrey Boyer, the company’s EVP and chief operating officer since April 2021, was appointed interim CEO and as a member of the Board of Directors, effective immediately.
Brand Velocity Group Adds New Principal to Investment Platform
Daniel Hodges joins BVG from Alliance Consumer Growth where he was a principal responsible for deal sourcing and execution, and portfolio company oversight.
CNBC/NRF: February Retail Sales Continued Growth Trend, Boosted by Leap Day
Accounting for the extra day in February, total adjusted retail sales MoM softened from an increase of 1.06 percent to an increase of 0.4 percent. Core retail sales also softened from an increase of 0.95 percent to an increase of 0.27 percent.
