SGB Update

Adobe Predicts Modest Online Gain In Holiday Sales

Adobe expects U.S. online holiday sales to reach $209.7 billion from November 1 to December 31, representing a 2.5 percent growth year-over-year. During the 2021 holiday shopping season, $204.5 billion was spent online, growing 8.6 percent YoY, with consumers uncertain about returning to physical stores due to lingering pandemic concerns.

Bollé Brands Announces Sale Of Cébé

Bollé Brands Group announced that D.MO/RACER have agreed to purchase Cébé, the manufacturer of performance sunglasses, ski goggles and ski helmets.

Imports Headed To Lowest Level Since Early 2021

Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Club Champion Opens In Five New Markets

Club Champion said it opened five new stores in the third quarter. With golf club fitting studios now open in Torrance, CA; Wilmington, NC; Pleasanton, CA; Mandeville, LA; and Ashburn, VA, Club Champion is ready to enter over 115 domestic and international locations by the end of the year.

Recall: Swift Straps

About 1,800 nine-inch Swift Straps from Swift Industries Designs have been recalled. The rubber straps that fasten a bike bag to a bicycle could break, causing it to come loose and fall, posing a crash and/or injury hazard to the rider. 

Jordan Brand VP Joins Sony

Andrea Perez, formerly global vice president and general manager of Jordan Women’s, has joined Sony as SVP global marketing, product, brand and services with a focus on its Playstation brand.

Ross Stores Appoint Board Member

Ross Stores, Inc. announced that Edward G. Cannizzaro had been elected to its Board of Directors, effective October 14, 2022.

Oros Apparel To Open Chicago Pop-up Shop

Oros, the manufacturer of thermal technology for apparel, announced it would open a pop-up shop in Chicago’s Southport neighborhood on October 22.