Record 158 Million Shoppers Expected To Shop Super Saturday
This year, a record 158 million consumers are expected to shop on the last Saturday before Christmas, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. The number is approximately 10 million more than last year’s expected Super Saturday shopper count and the highest number since the NRF started tracking the data in 2016.
Vittoria Group To Be Acquired By PE Firm
Vittoria reported that private equity investors Telemos Capital have signed a binding agreement to acquire a majority stake.
L.L.Bean Inks Licensing Agreement In Japan
Japanese firm Itochu Corp. reported it acquired the master license rights for L.L.Bean in Japan and the wholesale rights for imported products.
Imports Winding Down As Holiday Season Nears Finish Line
With most holiday merchandise on retailers’ shelves or in warehouses for the season, December cargo volume at the nation’s major container ports is forecasted to be below record levels set earlier this year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
LABA7 Contracted With Envelo As Distributor, North America
LABA7 reported it contracted with Envelo as the mountain bike suspension product distributor for North America.
Elevate Outdoor Collective Hires Global CMO
Elevate Outdoor Collective hired Jon Roy as chief marketing officer. Previously, Roy was the vice president of Global Energy Brand Marketing at Converse.
Dick’s SG’s Jefferson City Location To Close
DKS is closing its Jefferson City, MO store, effective December 31, 2022, according to the Jefferson City News Tribune.
Nike And BSN Sports Sign Three-Year Deal With App State University
Nike and BSN Sports signed a three-year deal with Appalachian State University in Boone, NC.
Fenix Outdoor Names Global Brand President, Royal Robbins
Fenix Outdoor named Erik Burbank, a former Keen and Helly Hansen executive, as global brand president, Royal Robbins, succeeding Michael Millenacker.
Progression Brands Group Named Exclusive U.S. Distributor Of ODLO Brand
ODLO, a performance apparel brand based in central Switzerland, named Colorado-based Progression Brands Group (PBG) as its exclusive distributor for the U.S. market. The 75-year-old company designs and sells its sustainably made, technical apparel for runners, skiers, cyclists, hikers, and outdoor enthusiasts in more than 40 countries worldwide. ODLO reported it “chose PBG for its […]
Egym Hires Senior Sales Executive, Western U.S.
Fitness tech company Egym hired Alisa Anderson as its senior sales executive for the Western U.S.
Kohl’s Debt Ratings Lowered
Moody’s Investors Service downgraded the debt ratings on Kohl’s due to an erosion of its market position and the deterioration in credit metrics to levels not reflective of an investment grade rating.
Outdoor Cap Names Head Of Product
Peter Cohen has joined the Outdoor Cap’s executive team as head of product.
Mountain High, Dodge Ridge Owners Purchase China Peak Mountain Resort
Mountain High and Dodge Ridge owners, Invision Capital and Karl Kapuscinski purchased China Peak Mountain Resort in Lakeshore, CA from long-time owner Tim Cohee, a ski industry veteran who’s spent the past 12 years at the helm of China Peak. Cohee will stay on as the resort’s general manager.
Yue Yuen’s Sales Dip 2.8 Percent In November
Yue Yuen reported consolidated operating revenue in November reached $657.5 million, representing a decline of 2.8 percent year over year. Sales grew 6.1 percent at Yue Yuen’s Manufacturing Business segment and fell 17.8 percent at Pou Sheng, Yue Yuen’s retail subsidiary in China.
