Fleet Feet Fort Myers owners Janene and Brian Urichko agreed to purchase Run Florida On McGregor from friend and owner John Rinkenbaugh, who will join Fleet Feet Fort Myers as an outfitter.
Category: Apparel
EXEC: Study Finds Team Sports Participation Trails Pre-Pandemic Level
According to the Aspen Institute’s recently released State of Play 2023 report, kids are trying sports about as much as they did before COVID-19, but they’re not playing as frequently.
EXEC: YTD Footwear Shipments Fall Nearly 25 Percent at Yue Yuen
Year-to-date revenue attributable to footwear manufacturing activity, including athletic/outdoor shoes, casual shoes and sports sandals, decreased by 20.4 percent to US$3.50 billion as average selling prices rose in mid single digits.
Kohl’s Opens Store in Downtown Milwaukee
Kohl’s opened a storefront in downtown Milwaukee, WI, as part of the retailer’s plan to open five stores this fall. The store represents a rare urban location for a Kohl’s store, with most historically focused on supporting suburban communities.
Beyond Yoga Opens Store in Chicago
Beyond Yoga, acquired by Levi Strauss in 2021, opened a store in Chicago, representing its sixth location and first outside of California.
Michigan Consumer Sentiment Falls to Six-Month Low
Consumer sentiment fell for the fourth month, according to a preliminary report published for the Michigan Consumer Sentiment Index. The Index came in at 60.4, down 3.4 points, or 5.3 percent, from the October final.
Nike Hires Amazon Executive as Chief Technology Officer
Nike, Inc. recruited Muge Erdirik Dogan, a longtime fashion executive at Amazon, as chief technology officer. Jenny Freshwater, most recently Amazon’s vice president of traffic and marketing technology, will replace Dogan as VP of Amazon Fashion & Fitness.
Descente Sees Mid-Single-Digit Growth in Fiscal H1
Descente, Ltd. reported that revenues for the fiscal six months ended September 30 rose 4.9 percent to ¥59.9 billion ($396 mm) from ¥57.2 billion a year ago. Gains from the incorporation of Le Coq Sportif (Ningbo) Co. Ltd. (NLCS) into China’s consolidated results and growth in activewear overall offset decreased sales in golfwear.
EXEC: Asics Lifts Outlook On Robust Third Quarter Results
Asics Corp. raised its outlook for the year after reporting strong earnings improvement in the third quarter and nine months ended September 30. Sales grew 14.5 percent in the third quarter and 23.4 percent in the nine months with healthy gains across regions.
EXEC: Inside the Champion Discussions and Actions at HBI
Like many other CEOs in the active lifestyle retail market these days, Stephen Bratspies is working through heavy retail inventories, shifting consumer trends and the effects of inflation. But Champion offers an even bigger challenge—a fickle consumer’s changing preferences.
Turtle Fur Hires VP of Sales
In June, outdoor headwear and accessories brand Turtle Fur hired Dan Miller as VP of sales, expanding its executive team.
EXEC: Mizuno’s Fiscal Q2 Sales Expand Across All Regions; Running and Golf Decline
Mizuno Corp.’s sales grew 8.1 percent in the fiscal second quarter ended September 30 and 23.8 percent in the half. The Japanese-based sporting goods sales and profits reached record levels in the six months, with sales increasing across all geographies and in all its main business categories.
EXEC: Adidas CEO Sees U.S. Marketplace Challenges Lasting Well into 2024
On Adidas’ third-quarter conference call with analysts, Bjorn Gulden, CEO, said Adidas’ sales in the U.S. “will probably not grow at all in the first half” of 2024 as North America lags other regions in rightsizing inventory levels. He said, “Inventory levels in the U.S. in general is still an issue. I think it lags about six months versus the rest of the world.”
EXEC: Inside Wolverine’s Plan for the Future—and the New Realities of 2023
New CEO Chris Hufnagel said WWW continues to reshape its portfolio, reduce inventory and redesign the company to become consumer-obsessed brand builders, focused squarely on building compelling products and telling amazing stories.
OrderMyGear Acquires DistributorCentral
OrderMyGear (OMG), based in Dallas, TX, announced it acquired DistributorCentral, a technology provider for suppliers and distributors in the promotional products industry.
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