SGB Update Sports & Fitness

NRF Now Sees 2023 Retail Sales at Low End of Earlier Forecast

The March forecast called for 2023 retail sales to increase between 4 percent and 6 percent over 2022; however, the Fed’s interest rate increases slowed the economy and the NRF believes there is a good chance that sales will end up in the lower range of the forecast, if not lower.

Saucony Names New VP of U.S. Sales

Saucony, a division of Wolverine Worldwide, Inc., appointed Chris Deschenes as vice president of U.S. sales. Most recently, he was the vice president of sales for the company’s Wolverine Kids Group.

Volvik USA Announces New Leadership Team

Volvik USA, Inc., the golf ball manufacturer based in Orlando, reported it named Pete Kinney president and John Holst as president of sales

Nebraska Sports Card Retailers Merge Operations

Rickley Sports Cards, LLC, a sports card and memorabilia shop, has completed the acquisition of a sports card shop Perfect 10 Card Company.  Financial terms of the private transaction were not disclosed.

BRC Sees Confident UK Consumers Boost August Retail Sales

Total UK retail sales increased by 4.1 percent in fiscal August, against growth of 1.0 percent in August 2022, coming in above the 3-month average growth of 3.6 percent and in line with the 12-month average growth of 4.1 percent.

NRF Acquires Reverse Logistics Association

While hundreds of retail brands offer “gently used” products for sale, others sell excess inventory at a discount. The reverse logistics industry manages the collecting, sorting, repairing, and refurbishing of products for resale or recycling.