Running Footwear sales maintained momentum, with sales up 4 percent in the quarter. Average selling price growth driven by mix shifts offset unit declines.
Category: Footwear
Rawlings Announces 2024 Gold Glove Award Winners
Rawlings Gold Glove Award winners are honored for the best individual fielding performances at each American League and National League position. To determine the winners of the 18 defensive position awards, each team’s manager and up to six coaches on staff voted from a pool of qualified players in their league and could not vote for players from their own team.
Study: Boys Participation Declines; Increased Specialization Tops Youth Sports Concerns
Kids have returned to pre-COVID sports participation levels. However, some worrisome trends in the Aspen Institute’s National State of Play 2024 report highlight that boys continue to play fewer sports and kids are specializing in one sport rather than multiple, even more so post-pandemic.
Study: Out-of-Stocks Drive 66 Percent of Consumers to Another Retailer
“Right product, right place, right time’ echoes in every retail conference room. Yet as retailers have expanded their online assortments and marketplaces to attract new customers and traffic, it’s become more challenging to avoid frustrating shoppers when they can’t find their size or their desired item in-store.”
KMD Brands Europe Appoints Outdoor Division Brand Manager
Pascale Kaiser is expected to lead the development and expansion of the Kathmandu and Oboz brands across Europe, reporting directly to the president of KMD Brands Europe.
Nike Appoints New Chief Diversity Officer
Kizmet Mills was previously a senior director in Nike’s DEI division. Her role becomes effective on November 11. She replaces James Loduca who announced his exit on LinkedIn.
Mount to Coast Taps Brooks’ Doug Rosenberg as U.S. Country Manager
Mount to Coast, the running footwear start-up based in Hong Kong, named Doug Rosenberg as its U.S. country manager. Most recently, Rosenberg served as Brooks Running’s director of global footwear business and strategic sourcing,
U.S. Olympic and Paralympic Properties Name Nike Exec as CEO
John Slusher, Nike’s long-tenured sports marketing EVP, was named as CEO of the U.S. Olympic and Paralympic Properties (USOPP) for the 2028 Los Angeles Olympics. Ann Miller, the company’s executive vice president, chief legal officer and a 14-year Nike veteran, will replace Slusher as EVP of global sports marketing.
Nike, Inc. Shifts Senior Team Roles in Sports Marketing, Legal and Supply Chain
The company and new CEO Elliott Hill continue to make changes in its Senior Leadership Team (SLT), as it moves to position the company for renewed growth and brand energy.
BOA and Primaloft Lead Compass Diversified’s Q3 Active Brands Gains
Compass Diversified Inc. (CODI) reported sales grew 22.3 percent at BOA and 25.2 percent at PrimaLoft to lead the gains among its active lifestyle brands.
EXEC: Columbia Sportswear CEO Lays Out Brand’s “Accelerate” Growth Program
The company said the decline in net sales reflects lower Fall ’24 wholesale orders, as well as weak consumer demand in the U.S. partially attributable to warm weather and outdoor category headwinds. Mountain Hardwear was the only brand in positive territory.
EXEC: Sebago, K-Way Parent BasicNet Relies on Europe for Growth in YTD Period
Europe (+7.3 percent) accounts for ~76.5 percent of aggregate sales while declines were seen in Americas (-30.9 percent), Asia and Oceania (-24.7 percent), and Middle East and Africa (-5.4 percent).
Rocky Brands’ Q3 Profits Slide on 8.8 Percent Sales Decline
The sales decline reflects a 15.7 drop in wholesale revenues due to softness in work, outdoor and commercial military categories. Jason Brooks, CEO, said, “While cautious consumer spending outside of peak shopping periods and warm, dry weather acted as headwinds this quarter, the underlying strength of our business remains intact.”
EXEC: Kappa Retail Stores in China Post Continued Declines in Fiscal Q2
China Dongxiang Co., Ltd. reported that its Kappa-branded stores recorded a high-single-digit decrease on a year-over-year basis for the fiscal second quarter ended September 30.
Consumer Confidence Bounces Back In October
The Conference Board reported that its Consumer Confidence Index jumped to 108.7 in October from 99.2 in September—the biggest monthly gain since March 2021. Analysts had forecast a more modest reading of 99.3.
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