The company said sales trends at Journeys accelerated somewhat more than than management anticipated following a good start to the holiday season, led by strong full price selling in the weeks leading up to Christmas.
Category: Footwear
Fleet Feet Opens Third Locally-Owned Store in North Carolina
This is is the third Fleet Feet store owned by John and Elizabeth Dewey in North Carolina. They operate Fleet Feet stores in Greensboro and High Point, NC, respectively.
EXEC: Key Nike Factory Swings Back to Shipment Declines in December
Feng Tay Enterprises manufacturing revenues rose 2.0 percent for full-year 2024, while peers Stella International declined 3.5 percent for the month and Yue Yuen manufacturing posted an 11.1 percent increase for the 2024 full-year period.
Macy’s, Inc. Confirms Planned Store Closures
As previously disclosed, the 66 Macy’s locations will close as part of the company’s “Bold New Chapter” strategy.
Costco December Comps Jump 9.9 Percent x-Gas; E-Commerce Jumped 35.7 Percent
E-commerce sales in December were said to be positively impacted by an estimated 15 percentage points, due to Thanksgiving / Black Friday / Cyber Monday occurring a week later in 2024 versus holiday 2023.
Carhartt Opens Retail Store in SoHo
The new location joins the brand’s existing store in Seven Dials, in the St Giles district of the London Borough of Camden, in the West End of London.
The Buckle Posts 4.6 Percent Comp Growth in Fiscal December
Net sales for the fiscal month of December were flattish, down 0.8 percent to $202.1 million from net sales of $203.8 million for the prior-year fiscal month of December.
Genesco Inc. Names First Chief Human Resources Officer
The parent of Journeys, Schuh, Johnston & Murphy said Kyle Polischuk will report to Mimi Vaughn, Genesco’s board chair, president and CEO and serve on Genesco’s executive management committee. Her appointment was effective January 6.
EXEC: Stella Intl Sees 2024 Footwear Shipment Volume Jump 8.2 Percent; ASPs Decline
Average selling prices (ASPs) were $27.90 per pair in Q4, compared to $28.80 in the prior-year Q4 period. Full-year ASPs were down 4.4 percent to $28.40 per pair, compared to $29.7 per pair in 2023.
EXEC: JCPenney Merges with Sparc Group to Form Catalyst Brands
The combined Catalyst Brands organization is a joint venture formed in an all-equity transaction between JCPenney and the Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group, and Shein.
EXEC: Anta Reports Fila Retail Sales in China Swings to Growth Mode in Q4
Retail sales for the Fila brand in China reportedly increased in mid-single digits for the 2024 full-year period, while Anta brand sales improved in the high-singles year-over-year and All Other Brands, including Descente and Kolon Sport, saw fourth-quarter retail sales increase in the 40 percent to 45 percent range.
NRF’s Chief Economist Believes 2024 Ended on a High Note
Jack Kleinhenz’s comments came in the January edition of the NRF’s Monthly Economic Review, in which he reported that the 2024 gross domestic product was on track to grow 2.7 percent over 2023, based on results for the first 11 months of the year.
Burton Adds Exec Hires to Drive Brand and Product Categories
The privately-owned snowboard manufacturing company, hired Jennifer Valentine as chief merchandising officer and Debbie Lee as chief marketing officer based in the company’s global headquarters in Burlington, VT.
REI Shuttering Experiences Business, Cutting 428 Positions
The closure of the Experiences business will affect 180 full-time and 248 part-time employees, which are primarily guides serving the business. REI said it will re-invest in the core Camp and Backpack, Run and Hike, and Outside Life businesses.
Tilly’s Inc. Appoints PacSun Veteran to Board of Directors
Michael Relich has over 40 years of experience in retail, with an emphasis on systems and information technology. Most recently, Relich served as the co-CEO of PacSun.
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