Sharp declines in Asia heavily impacted the 8 percent decline for the Vans brand in Q3 but also represented an improvement against the year-to-date period that saw reported sales down 13 percent in constant-currency terms.
Category: Footwear
EXEC: VF Corp. CEO Hints at More Cuts Ahead While Improving Processes
Bracken Darrell said the company is already working on process and organizational changes that will contribute to unlocking another $500 million to $600 million in operating income expansion, with half of that coming from SG&A expenses alone.
EXEC: VF Corp. Sees Global Strength From TNF and Timberland; Vans Improves
The parent of the Vans, The North Face, Timberland, Smartwool, Jansport and Dickies active lifestyle and street lifestyle brands, reported Wednesday that it beat third-quarter revenue and profit estimates.
EXEC: Dr. Martens Sees U.S. Focus Get Lift from DTC Efforts
Third quarter group revenue was reported at £260 million, a 3 percent decline year-over-year. Revenues declined 3 percent on a constant-currency (CC) basis to £267 million.
Oofos Appoints Chief Marketing Officer
Liz White brings over 20 years of marketing experience to the newly created role overseeing global marketing efforts and direct-to-consumer business.
EXEC: Golden Goose Group Snags Minority Investment from Hong Kong Firm
The transaction with Blue Pool Capital, which was negotiated and agreed shortly after the Group’s decision to postpone its planned IPO in June 2024, was completed on January 28, 2025.
Brookfield-Backed Trimco Group Acquires Nexgen Packaging
Nexgen Packaging’s management team will continue to manage the business under its current CEO, Jim Welch. The acquisition will allow both companies to integrate their global sales and manufacturing networks.
BJ’s Wholesale Club Adding Ohio Ambient Distribution Center
The new 500,000-square-foot facility, expected to open in early 2027, will join eight BJ’s clubs in the state.
Circana Sees Consumers Shift Back to Value and Need in January
During the combined weeks ending January 11 and January 18, discretionary spending was down flat compared to the prior year, the company reported, with major environmental events impacting the country.
Bain & Co. Releases 2025 Retail Forecast, Outlines Key Initiatives for Retailers
Bain suggests in its report that retailers face a pivotal moment in 2025. The firm said that for retailers to thrive in 2025 it will require fresh strategies around emerging technologies, customer loyalty, operations, and adaptation.
EXEC: REI Greensboro Employees Unionize; SoHo Ski Workers Get PPE Agreement
RWDSU said in a statement that REI Greensboro workers first began organizing in the wake of REI’s October 2023 round of layoffs, which cut the jobs of 275 of “the most experienced workers.”
EXEC: Kappa Retail Stores in China Moderate Decline in Fiscal Q3
Same-store sales for the Kappa-branded stores, which have been in operation since the beginning of the same quarter last year, were down in high-single-digits on a year-over-year basis.
EXEC: Saucony Posts 60 Percent Retail Growth in China
MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
The company said in its preliminary report that the total sales result was driven by improving trends in the direct-to-consumer channel for all brands. Wholesale sales have taken longer to recover and continue to decline year-over-year.
EXEC: Brendan Hoffman Takes Helm at Vince Holding Corp. Through New Venture
The new venture, P180, was Co-Founded by Christine Hunsicker, founder and CEO of CaaStle, Inc., and Brendan Hoffman, the former CEO of Wolverine Worldwide, Vince, Bon Ton, Lord & Taylor, and other luxury retail brands.
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