Powered largely by pent-up demand and rising average selling prices, U.S. footwear revenues grew by 28 percent, from January through September 2021 compared to 202, and increased by 8 percent versus 2019, according to the NPD Group. By 2023 revenues its forecasts to be 16 percent ahead of pre-pandemic 2019 levels.
Author: SGB Media
U.S. Fishing Equipment Market Reels In Nearly $4 Billion, NPD Reports
In the 12 months ended September 2021, U.S. fishing equipment in-store and online sales revenues across mass merchants and sporting goods retailers, including e-commerce, grew 4 percent, year-over-year, reaching $3.9 billion, according to the NPD Group.
Strava Appoints Chief Financial Officer
Strava announced it has hired Lily Yang as CFO. Yang will be responsible for overseeing the finance and legal organizations to support the company’s growth and worldwide operations.
True Linkswear Secures $11.25M Investment
Golf footwear startup True Linkswear announced it has raised $11.25 million from KarpReilly to accelerate the growth.
Buck Knives Hires Marketing Manager
Buck Knives announced it has hired Ryan McGinnis as marketing manager. He previously worked for Benchmade Knife Company and the Redmond Chamber of Commerce.
Allbirds Raises $303 Million In IPO
Sustainable shoe company Allbirds raised nearly $303 million in its initial public offering after increasing the size of its IPO that also priced above its expected price range.
Della Terra Hires Chief Operating Officer
Sustainable footwear brand Della Terra has hired footwear veteran David Jassem as chief operating officer.
Inside The Call: Rocky Brands Stubs Toe On Integration Execution, Cuts Outlook For 2021
Brooks said they shipped over 50 percent more orders in the third quarter of 2021 versus Q3 of last year, but at the same time, the amount of product they received at the DC was up nearly 200 percent year-over-year. The congestion apparently made it difficult to keep up with the strong demand for the brands under the RCKY umbrella.
Scarpa North America Promotes From Within
Scarpa North America, the wholly-owned U.S. and Canadian distributor for Scarpa, announced it had promoted Melanie Hood to director of marketing and communications and Joe Higby as VP of Finance.
Nautilus, Inc. Releases Bowflex Max Total 16
Nautilus, Inc. (NYSE:NLS) has released its Bowflex Max Total 16 cardio machine, a “premiere model” in its Max Trainer line, which includes a 16-inch embedded HD touch screen that integrates with the brand’s JRNY digital fitness platform. The machine combines the low impact of an elliptical with the high intensity of a stepper. Features include […]
Grayl Introduces UltraPress Water Filter And Purifier Bottle
Seattle, OR-based Grayl, a maker of water purifiers, announced the launch of its packable UltraPress Filter and Purifier created for hikers, backpackers and travelers. The bottle offers many of the performance features found in the higher capacity 24-ounce GeoPress but in a compact, 16.9-ounce. The UltraPress allows the user to make clean, safe drinking water […]
Black Diamond To Expand Retail Presence In U.S.
Black Diamond Equipment announced it would open two retail stores this winter in Jackson Hole, WY and Burlington, VT followed by a third retail location in Bend, OR, scheduled to open in Spring 2022.
Garmin Becomes Title Sponsor Of Garmin RunningLane Cross Country Championships
Garmin International Inc. announced it has signed a two-year deal to become the title sponsor of the Garmin RunningLane Cross Country Championships, beginning with this year’s event in Huntsville, AL on December 4, 2021. The Garmin RunningLane Cross Country Championships is a running event that hosts 1,500 U.S. high school athletes postseason to compete for […]
Bogs Q3 Sales Impacted By Production And Shipping Delays
Weyco Group Inc. reported sales for the third quarter rose 16.2 percent. In the North American wholesale segment, sales of legacy brands (Florsheim, Stacy Adams, and Nunn Bush) all grew against depressed year-ago comparisons tied to the pandemic. Sales of Bogs fell 8 percent mainly due to production and shipping delays from manufacturers in Asia.
Weyco Announces Retirement Of CFO
Weyco Group Inc. announced that John F. Wittkowske, the company’s senior vice president, chief financial officer and secretary, would retire effective May 6, 2022. Wittkowske will be succeeded by Judy Anderson as the company’s chief financial officer and secretary.
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