P.volve To Open First Canadian Fitness Studio
P.volve, the women’s fitness studio, announced it would open its first Canadian studio in Victoria, BC’s Hudson District, in the spring of 2023.
REI To Permanently Close On Black Friday
REI Co-op announced it would permanently close all its stores, including its distribution centers, activity centers, call centers, and headquarters on Black Friday; however, it is accepting customer online orders at REI.com, with order processing and fulfillment not beginning until the day after Black Friday.
IFit Hires New CEO
IFit, Inc., the parent of NordicTrack, hired Kevin Duffy as chief executive officer, effective immediately. Previously, he was CEO of Sound United, parent of the Bowers & Wilkins and Denon audio brands.
Clarus Board Approves Share Purchases By Thrivent Asset Management
Clarus Corporation’s Board of Directors approved Thrivent Asset Management, LLC’s move to increase its beneficial ownership in Clarus up to an aggregate of 9.9 percent of the company’s outstanding common stock.
Academy Sports Opens New Store In Indiana
Academy Sports + Outdoors will officially open a new store in Jeffersonville, IN, located at 1600 Veterans Pkwy, in the Jeffersonville Town Center, on October 7.
South Korea’s Naver To Buy Poshmark For $1.2 billion
South Korean Internet giant Naver agreed to acquire Poshmark, the U.S.-based online resale platform, for roughly $1.2 billion. Naver is paying $17.90 per share in the all-cash deal. Poshmark closed Monday at $15.57.
Karl’s Fishing & Outdoors Opens Second Retail Store At Mall Of America
Karl’s Fishing & Outdoors opened its second brick-and-mortar storefront at the Mall of America in Bloomington, MN. The 2,000-square-foot space follows the recent opening of its first store location in Fort Worth, TX.
Remington Enters Apparel Licensing Partnership With Ganka
Remington Ammunition has officially partnered with Ganka, Inc., an outdoor clothing and accessories distributor, as a new licensee. The partnership is designed to provide apparel and footwear to hunters, hikers and outdoorsmen.
Dickies Names Senior Director, Global Growth And Performance Marketing
Dickies hired Justin Bones as senior director of global growth and performance marketing to oversee its North America marketing, strategy, planning, and execution for new customer acquisition and retention.
Gravity Haus Acquires Ptarmigan Inn
Gravity Haus has acquired a fifth property, its fourth hotel in Colorado, with the purchase of The Ptarmigan Inn. The company said it would also expand its membership offering in Steamboat Springs, CO.
Sea To Summit Hires General Manager For EMEA
Sea to Summit announced it hired David Ledouble as general manager for Europe, the Middle East and Africa.
NRF Report: Consumers Continue To Spend Despite Inflationary Worries
Consumers continue to worry about high inflation and the Federal Reserve interest rate hikes intended to bring inflation down, but neither has stopped them from spending, according to the National Retail Federation Chief Economist Jack Kleinhenz.
Obit: Dan Wieden, Co-Founder, Wieden + Kennedy
Dan Wieden, the Co-Founder of Wieden + Kennedy who coined Nike’s phrase, “Just do it,” passed away at the age of 77.
NPD Survey: Economy Concerns Weigh On Holiday Spending
NPD, which recently merged with Information Resources, Inc. (IRI), reported that 29 percent of U.S. consumers would spend less this holiday season due to increased economic negativity and personal finances, following its recent holiday purchase intentions consumer survey.
Specialized Appoints Chief Marketing Officer
Specialized has appointed David Schriber, formerly with Nike, Burton, and Masterclass, as chief marketing officer.
