In North America, Nike Direct declined 15 percent, with Nike Digital down 22 percent and Nike stores down 3 percent.
Wholesale declined 1 percent. Nike said it took another step forward shifting the product portfolio by reducing the proportion of our business driven by the Classic Footwear franchises.
Chris Quinn will assume the CEO role beginning January 1, 2025. He has served as a director of Shoes For Crews since August 2024.
That plan has to include boosting innovation in a market that has embraced On, Hoka and a number of other nascent running brands that have taken share in the “technology as fashion” column, as well as brands such as Adidas and Asics that are taking share on the lifestyle side.
The company has entered into an agreement to amend and extend its credit facility with Bank of America, N. A., as administrative agent and lender.
Miguel Esquide’s career highlights include co-founding the luxury brand 1Concept as well as leading footwear design and strategy at Inditex for Lefties, Zara and Pull&Bear.
Skechers now has eight retail locations in the Czech Republic, including five additional stores in Prague, Modřice and Ostrava.
Pay growth at retail was said to be well above the national average at 8.5 percent in 2024, and up over 25 percent since 2021. The October Budget increases the National Living Wage by a further 6.7 percent, adding over £2.7 billion to retailer wage bills from April 2025.
The membership trade organization serving the commercial real estate and retail industries reported physical stores remain an important part of holiday shopping, as 84 percent of surveyed respondents intend to shop in-store or visit a store to pick up an online order.
November’s figures were driven primarily by increased inflation rates of fuel, clothing, and footwear, according to the British Retail Consortium (BRC).
The 30,000-square-foot store will be located in Royal Ridge Center, a shopping center that includes Marshalls, Sierra Trading Post, HomeGoods, PetSmart, The Paper Store, and other retailers.
The company said over 90 percent of wholesale growth came from within existing doors as key retail partners continue to expand the breadth and depth of their Birkenstock offerings to meet growing consumer demand.
From 2014 to 2018, Dayley provided global digital consulting expertise to New Balance to support growth in the U.S. and international expansion in Europe. From 2012 to 2014, Dayley worked as the digital development business manager for Finish Line, Inc.
As Foot Locker’s CTO, Butler drives technology strategy, innovation and delivery across their digital, data and analytics, supply chain/merchandising and omni-channel experiences. In addition to serving on multiple boards, Butler is the recipient of numerous awards and recognitions.
According to the study, retailers surveyed experienced an average of 177 shoplifting incidents per day in 2023; however, that number can reach over 1,000 depending on the retail sector.
November’s Core Retail Sales – as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were up 0.4 percent seasonally-adjusted m/m and up 3.8 percent unadjusted y/y.
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