NRF Elects Five New Board Members At Summer Board Meeting
The National Retail Federation elected five new members to the organization’s Board of Directors during the trade association’s summer board meeting in Washington, D.C.
NRF Expects Imports For First Half To Be 22 Percent Below H1 Last Year
Import cargo volume at the nation’s major container ports is expected to be 22 percent lower during the first half of 2023 than the same time last year despite increased consumer spending, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
American Outdoor Brands Sues Vista Outdoor Over Powder Measuring Devices
American Outdoor Brands, Inc. filed a complaint on May 30, 2023 against Vista Outdoor Brands alleging that Vista is infringing American Outdoor Brands’ patent rights incorporated in the Frankford Arsenal Intellidropper electronic powder measure.
Report: Shopping Centers Continue To Bear Brunt Of Retail Traffic Slowdown
The latest update to Placer.ai’s Mall Index, Placer.ai Mall Index – May 2023 Recap, shows that shopping malls continue to bear the brunt of consumer concerns regarding the economy, as foot traffic fell year-over-year at indoor malls, open-air lifestyle centers, and outlet malls.
U.S. Polo Assn. Targets $3 Billion In Global Sales By 2030 After Strong 2022 Results
U.S. Polo Assn., the official brand of the United States Polo Association (USPA), broke the $2 billion milestone in 2022, delivering a record $2.3 billion in global retail sales for the year.
Fanatics Holdings Appoints Chief Legal Officer
Fanatics appointed Gregg Winiarski as chief legal officer for Fanatics Holdings, Inc, responsible for overseeing the full range of legal matters across the global Fanatics business, including Commerce, Collectibles and Betting and Gaming. He played a significant role in the company’s acquisition of Topps.
Reima USA Adds Independent Agencies for Two U.S. Sales Territories
Reima USA recently partnered with two new rep groups, S2W Group and Alpin Sales, to grow the brand further in the U.S. S2W group will be responsible for the Pacific Northwest region and Alpin Sales will manage the Rockies.
NRF: Economic Conditions Look Like A Soft Landing, Not Recession
Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a soft landing from the rampant inflation and high interest rates of the past two years, according to National Retail Federation Chief Economist Jack Kleinhenz.
SAS Renews Athletic Shoes Program With Defense Logistics Agency
San Antonio Shoemakers (SAS) was awarded a three-year renewal contract with the Defense Logistics Agency (DLA) to produce specialized footwear for the basic training of U.S. service members.
Report: Labor Still A Top Challenge For Manufacturers As Optimism Remains Low
As rising interest rates, poor economic conditions and an ongoing talent shortage continue to plague manufacturers, optimism amongst industry leaders remains low, according to a new industry report.
Camping World Acquiring Mid-Atlantic RV Dealer
Camping World Holdings, Inc. is set to acquire Hitch RV, including three locations across Delaware, Pennsylvania, and New Jersey. It is anticipated to close in the third quarter of 2023.
VF Corp.’s Debt Ratings Downgraded By S&P
S&P Global Ratings lowered its debt ratings on VF Corp. due to its below-plan results for the fiscal year ended April 1. The rating agency said it believes elevated inventory from realignment in the wholesale channel and weakened consumer demand will continue to pressure its credit metrics in fiscal 2024 and delay the recovery of its largest brand, Vans.
Lululemon Renews Partnership With Xponential Fitness
Lululemon and Xponential Fitness renewed and expanded their partnership for Lululemon Studio with digital workouts from Pure Barre, Rumble, AKT, and YogaSix. The extension builds on the Studio’s launch last October.
The Dyrt Hires First Head Of Sales
The Dyrt, an app for camping information and booking, hired Rob Hudson as head of sales. Hudson has spent two decades in advertising media and technology, most recently as senior sales director at Outside Interactive for the past three years.
RVIA 2023 Shipment Forecast For RVs Lowest In More Than 20 Years
RV wholesale shipments are projected to climb into the mid-300,000 unit range in 2024 after finishing 2023 in the 300,000-unit range, according to the Summer 2023 Issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association.
