September 17, 2024 Gartner, BCG Weigh in with Holiday Spending Forecasts
Early Holiday reads from analysts are suggesting consumer spending should not take a big hit from macro pressures, though the shorter season this year and fight for ad time with the presidential election will demand innovative promotional strategies. VF Corp. Downgraded by Moody’s
The ratings agency lowered the rating on VFC’s senior unsecured notes ratings to Ba1 from Baa3, and also dropped its ratings on other debt by a notch, while assigning the company a Ba1 corporate family rating. Sporting Goods Sales Drop 3.6% in August
Adjusted sales of sporting goods/hobby/book and music stores declined for the eighth straight month, falling 3.6% year-over-year to $8,169 million from $8,474 million in the key Back-to-School period, according to Commerce Dept. data. Adidas Opens Two Flagships in Los Angeles
The Big a opened a 5,390-sq.-ft. store on Melrose Ave. in West Hollywood using a minimalist design from Adidas’ in-house creative team, with two distinct rooms and “The Lab,” which spotlights the brand’s stories and collaborations. Freedom Munitions to Move Ammo Component Production to Idaho
Freedom is shuttering its Carson City, NV ammo component plant by the end of the year and shifting production of X-Treme brand bullets to its facilities in Lewiston, ID. Wilson Sporting Goods Sues over Sponsorship
Wilson is suing MGBC, LLC (dba Gators Baseball Academy) in IL district court, accusing them of breach of contract after they attempted to terminate an endorsement agreement early, claiming it would result in Wilson losing at least $1.2 million in sales. Etcetera: GO Sport, Mctavish Surfboards, JD Sports
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