KOA Sees Surge in Interest to Camp this Holiday Season
The Kampgrounds of America, Inc. (KOA) Monthly Research Report, November 2023 Edition, outlines a notable increase in holiday travel expectations, with camping a favored option for Thanksgiving, Hanukah and Christmas.
Nordstrom’s Sales Led by Active in Third Quarter
Nordstrom reported slightly higher earnings in the third quarter on improving gross margins. Sales were down 6.8 percent with sales slumping 9.4 percent at the Nordstrom flagship banner and declining 1.8 percent at Nordstrom Rack.
Urban Outfitter’s Profits Soar in Third Quarter
Profits at Urban Outfitters surged 123 percent in the third quarter as sales grew 9 percent. Retail segment comps advanced 5.6 percent as gains of 22.5 percent at Free People and 13.2 percent at Anthropologie offset a 14.2 percent decline at the Urban Outfitters banner.
Reima USA Expands Indie Sales Rep Team
Reima USA hired Kerry O Sales to its independent sales rep network, marking a “significant step” in growing its U.S. business.
Authentic Adds N.A. Kids Apparel Licensing Partner for Quik, Billabong and Roxy
Centric Brands, LLC inked an exclusive licensing agreement with Authentic to design, manufacture and distribute kids’ apparel for the Quiksilver, Billabong and Roxy brands in the U.S. and Canada.
SGB Media Thanksgiving Schedule
In observance of the Thanksgiving holiday, SGB Media is taking time to be with family and will not publish the SGB Evening Update on November 22 or the SGB Morning and SGB Evening Updates on November 23, or November 24. Publishing will resume on November 27, 2023.
Outdoor Research Appoints VP of Operations
Outdoor Research recently promoted long-time employee Geoff Potter to vice president of operations, who has worked in planning and operations for nearly 12 years.
Beachbody Completes Reverse Stock Split
The Beachbody Company, Inc. announced that the company’s board of directors had approved a reverse stock split of all of its common stock at a ratio of one post-split share for every fifty pre-split shares, effective November 21, 2023.
Wolverine Licenses Wolverine Brand Sock Business to Renfro Brands
Wolverine Worldwide’ licensed the Wolverine brand sock business exclusively to Renfro Brands.
Norrøna Adds New Rep to cover Southwest U.S.
Norrøna hired Meagan Millar as a new sales rep covering the Southwest U.S. Millar brings over 20 years of experience in the outdoor industry.
Burlington Stores Sees Q3 Comps Expand 6 Percent
Burlington Stores Inc. reported an earnings uptick in the third quarter October 28 as same-store sales grew 6 percent. Sales were in line with guidance while EPS was at the upper end of guidance.
Deloitte Sees 13 Percent Hike In Spending Over Thanksgiving Weekend
Spending during the Thanksgiving week period is expected to be up 13 percent from last year, with shoppers expected to spend an average of $567 during the Black Friday-Cyber Monday (BFCM) shopping events, according to Deloitte’s 2023 Black Friday Cyber Monday Survey.
Xponential Fitness Hits Major Milestone
Xponential Fitness, Inc. opened its 3,000th studio, with the debut of CycleBar Loveland located in Fort Collins, CO.
Equip Outdoor Technologies Sets CEO Transition Plan
Equip Outdoor Technologies UK Ltd. (Equip), the parent company of Rab and Lowe Alpine, announced that its owner and CEO, Matt Gowar, is stepping down—an executive recruitment plan to find his successor is underway.
Caleres Lowers Outlook on Softening Sales at Famous Footwear
Caleres reduced its sales outlook and narrowed its annual EPS guidance to the lower end of its previous range due to weaker-than-expected sales at its Famous Footwear chain. Caleres reported earnings in the third quarter came in slightly ahead of guidance while sales underperformed.
