SGB Update

NRF: Holiday Sales Grew 5.5 Percent

Holiday sales during November and December increased 5.5 percent over the same period in 2016 to $691.9 billion as growing wages, stronger employment and higher confidence led consumers to spend more than had been expected, the National Retail Federation said.

Sam’s Club To Close 63 Locations

The company will convert up to 12 of the impacted clubs to eCommerce fulfillment centers in a move that will speed delivery of online orders, with the balance of the facilities closing over the next few weeks.

Vail Resorts Sees Challenging Start To Ski Season

Vail Resorts Inc. reported season-to-date total skier visits for the company’s North American mountain resorts were down 10.8 percent compared to the prior year season-to-date period, impacted by low snow levels in the western regions.

Fanatics Partners With Formula One

Fanatics reached an agreement with Formula One to set up trackside souvenir tents at Formula One events, starting in the 2018 season.

Columbia Sportswear Names Ethan Pochman VP Of Marketing

Ethan Pochman joins the brand from Performance Health, a private health and wellness consumer products company, where he served in several leadership roles since 2008, including vice president of sales and marketing, and vice president of global marketing.

MSR Teams Up With Verde Brand Communications

Mountain Safety Research (MSR), maker of outdoor equipment, is appointing Verde Brand Communications as its public relations and communications agency of record.

Tough Mudder Unveils 2018 New Obstacles

Tough Mudder Inc., announced a new twist on obstacles for the 2018 event season by unveiling the biggest structure to ever hit the obstacle course racing industry, Happy Ending, presented by Merrell, and Kong Infinity, the first obstacle in company history to be designed by members of the global tribe of more than 3 million Mudders.

Kering To Spin Off Majority Stake in Puma

Luxury group Kering said it intends to spin off a majority stake in Puma by distributing the stake to its own shareholders. The spinoff is expected to lead to a greater free float of Puma stocks, providing investors an enhanced possibility to invest in Puma, and allowing the company to reaffirm its business strategy.