May Retail Sales Unexpectedly Decline Amid Inflationary Pressures
Retail sales fell 0.3 percent in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2 percent. May marked a slowdown from the gain of 0.7 percent in April and the first decline in retail sales in five months.
Campers Inn RV Acquires Forrest Marine And RV Center
Campers Inn RV has acquired Forrest Marine & RV Center in Tyngsboro, MA. The dealership will remain under the name Forrest Marine & RV Center as it transitions into the Campers Inn RV organization.
BikeCo Signs Three Sales Agencies For Key Territories
BikeCo has added three sales agencies to its outside sales representation.
Nike Concept Store Opens In Hong Kong
UAE retailer GMG announced the opening of a new Nike concept store in Hong Kong. The store is located in the East Point City shopping mall in the Hang Tau district.
Mountainsmith Expands With Three New Hires
Mountainsmith, the Colorado-based gear manufacturer specializing in hiking and camping, announced it appointed Kipp Godfrey as a sales and service rep, Lora Buboltz as an e-commerce marketplace manager and Nirveek Shah as a graphic designer.
Hypebeast To Open New York Flagship
Hypebeast will unveil its first-ever U.S. flagship building in the heart of Manhattan’s Chinatown on 41 Division Street this week.
Yamaha U.S. Marine Business Appoints General Manager, Marine Service
Yamaha U.S. Marine Business Unit announced the appointment of Joe Maniscalco to general manager, Marine Service. In his new position, Maniscalco will oversee marine service training and support for Yamaha outboards and systems as well as Yamaha WaterCraft products.
Feradyne Outdoors Acquires Scent Crusher
FeraDyne Outdoors, based in Superior, WI, announced the acquisition of Scent Crusher.
Levi Strauss Appoints Head Of South Asia-Middle East and Africa
Levi Strauss & Co. appointed Amisha Jain as senior vice president and managing director of its South Asia-Middle East and Africa (SAMEA) business.
NRF Praises House Passage Of Ocean Shipping Reform Act
The National Retail Federation issued a statement applauding the House’s approval of the Ocean Shipping Reform Act of 2022.
Mastercard SpendingPulse Forecasts 7.5 Percent Growth For U.S. Back-To-School Sales
Mastercard SpendingPulse forecasted that U.S. retail sales would grow 7.5 percent year-over-year from mid-July through the Labor Day back-to-school buying period. It anticipates that sales will be up 18.3 percent compared to the pre-pandemic 2019 selling season, with department stores a noteworthy winner as the retail sector continues its recent rebound.
Tecovas Appoints CEO
Tecovas, an Austin, TX-based Western footwear, apparel and accessories brand, announced that David Lafitte is joining the company as CEO effective June 27. Lafitte is currently the chief operating officer for Deckers Brands.
Academy Sports To Open Two Stores In Tampa Bay
Academy Sports and Outdoors, Inc. announced that it would open its first two locations in Tampa Bay, FL.
Winmark Announces Addition Of Play It Again Sports Franchised Locations
Winmark Corporation announced that it has signed franchise agreements to add an additional eleven Play It Again Sports locations to its existing base of 272 stores across North America.
Apex Ammunition Hires Director Of Marketing
Apex Ammunition announced that Kile Jones had joined the company as director of marketing.
