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In The News: On, Conservation Alliance, NRF


Swiss brand On has opened a new store in Miami, the brand’s fifth retail location in the U.S. and 27th globally. Located at 125 NE 40th Street in the heart of Miami’s upscale designer precinct, the store includes 3,229 square feet of retail space showcasing On’s latest footwear and performance apparel. The On Miami store features subtle design hues reflecting Miami’s tropical outdoor elements and cultural artistic heritage. The centerpiece of On Miami is its Magic Wall, an immersive structure that features hidden drawers with a full size-run of On’s latest footwear.

“Our new store in Miami underscores our continued investment in the Americas, which is On's biggest market and biggest growth driver globally,” said Britt Olsen, On’s GM of the Americas and head of global commercial strategy, who added, “Portland, Austin, Chicago… you’re next!”

Seven outdoor brands joined forces to support The Conservation Alliance (TCA) by donating 5% of all online sales from November 2-8 as part of the #WeKeepItWild campaign. Brands joining the semi-annual campaign include La Sportiva, Oboz Footwear, Superfeet, Backpacker’s Pantry, Gregory Mountain Packs, Royal Robbins and Nomadix. This fall marks the fourth year of the campaign, which has raised nearly $400,000 for TCA, a coalition of over 270 like-minded member companies who pool resources to fund and advocate for the protection of North America’s wild places and outdoor spaces.

National Retail Federation is predicting holiday sales growth of 3 to 4 percent, down from 5.3 percent in 2022 and a 12.7 percent increase in 2021, citing headwinds that are negatively impacting consumers today. E-commerce sales are predicted to rise by 7 to 9 percent this holiday season. The trade group noted that average U.S. holiday sales growth in the decade before the pandemic (2010-2019) was 3.6 percent.

Global shipping company Maersk, citing a challenging environment for container trade and logistics services, last week said it would cut 10,000 positions to save an estimated $600 million in 2024 as it moves forward with plans to streamline its organization. The Danish company reported EBIT of $691 million in Q3, down from $9.1 billion in the year-ago period, on a 47 percent decline in revenues to $12.1 billion. The company’s CEO told analysts that the (shipping) industry “is facing a new normal with subdued demand, prices back in line with historic levels and inflationary pressure on our cost base.”