SGB Update Outdoor

August Retail Sales Growth Moderates; Sporting Goods Trends Down

August sales were up in five out of nine retail categories on a yearly basis, according to the U.S. Census Bureau. Circana reported flat sales growth year-over-year for their categories while the NRF and USCB saw sales up 3.3 percent for the period.

PeopleForBikes Appoints First Chief Marketing Officer

PeopleForBikes hired Jose Maldonado as chief marketing officer. Maldonado started with the U.S. bicycle industry trade association and national advocacy nonprofit in October 2019 and recently returned to lead strategy and other key marketing functions.

Deloitte Forecasts Softer Holiday Sales, Double-Digit E-Commerce Growth

Holiday sales in the U.S. are estimated to grow 3.5 percent to 4.6 percent between November and January, slowing from the 7.6 percent increase seen in 2022, according to Deloitte’s annual holiday retail forecast. The moderation reflects less inflation but also weaker consumer spending.

Lululemon Athletica Appoints New Board Member

Shane Grant has been the group deputy CEO, CEO Americas, and EVP of dairy, plant-based and global sales at Danone, a global food and beverage company, since January 2023.

Cardo Systems Names Sales Manager for U.S. and Canada

Cardo Systems, known for its Bluetooth communication systems for motorcycle, ski and cycling helmets, named Erika Gurnett as its new sales manager for Outdoor Sports in the United States and Canada.

Lazydays Holdings Files S-1 for Rights Offering for Shareholders

The net proceeds of the offering will be used for company growth initiatives including acquisitions and new business development activities and general corporate purposes, which may include repaying or refinancing existing or future debt facilities.