Frasers Group reported profits improved significantly in the fiscal year ended April 24 as sales grew 30.9 percent.
Category: Footwear
Running USA Survey Finds Demand For In-Person Running Events
With the lifting of pandemic restrictions, runners are eager to participate in live running events, according to Running USA’s 2022 Global Runner Survey.
NGF Report: Golf Equipment Sell-in Still Growing
Despite supply chain constraints, shipments from golf equipment manufacturers in 2022 has remained strong, matching last year’s growth, according to the National Golf Foundation (NGF).
Academy Sports Appoints Board Member
Academy Sports and Outdoors, Inc. appointed Theresa E. Palermo to its Board of Directors and Nominating and Governance Committee. With this change, Academy’s Board now numbers nine directors.
Rebag Adds Apparel And Footwear
Rebag, the luxury resale marketplace founded in 2014 with a focus on handbags, accessories, fine jewelry and watches, is expanding its offerings, beginning to include select apparel and footwear.
Nike Invests $3M In Michigan HBCU
Pensole Lewis College of Business & Design, an HBCU in Michigan owned by footwear designer D’Wayne Edwards, announced that Nike is investing $3 million over three years in the college.
Kohl’s Debt Ratings Outlook Revised To Negative
S&P Global Ratings revised its ratings on Kohl’s to negative on softening consumer spending.
Survey Finds Runners Value Sports Sponsors
A survey conducted by Elevent found that runners are more sponsorship savvy than the general public, including having a more positive perception of sponsors and a willingness to work with them.
Macy’s Accelerates Off-Mall, Small-Format Strategy
As part of its Polaris strategy, Macy’s announced that it would open four off-mall, small-format stores this fall. The locations will include Market by Macy’s, a smaller store with curated offerings, and the first dual Market by Macy’s and Macy’s Backstage off-price location.
Nordstrom Names Two Executive Leaders
Nordstrom, Inc. promoted Deniz Anders to senior vice president and chief marketing officer and Nina Barjesteh, formerly a senior executive at Dick’s Sporting Goods, as president of Nordstrom’s product group.
Flight Club Reopens In Los Angeles
Flight Club Los Angeles has undergone extensive remodeling and reopened two years after COVID and civil unrest closed the location, according to the Los Angeles Times.
Kizik Announces $20 Million Series B Funding Round
Kizik, the footwear manufacturer, and its parent, HandsFree Labs, Inc., announced completing a $20 million Series B funding round.
Nike To Move To Larger Space At Dallas’ Northpark Center
Nike announced it is moving into a larger space in Dallas’ Northpark Center, which was vacated last month by H&M.
Superfeet Partners With Materialise
Superfeet, the insoles maker, announced a partnership with Materialise, a specialist in 3D printing solutions.
KMD Brands Announce Kathmandu CEO Resignation
KMD Brands, Ltd. advised that Reuben Casey has given notice of his resignation as Kathmandu brand CEO.
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