Kohl’s announced the nationwide rollout of its new Kohl’s Rewards program enhancement that will offer all Rewards members that use their Kohl’s Card an elevated earn rate of 7.5 percent Kohl’s Rewards on every purchase. Previously, all Kohl’s Rewards members would earn 5 percent Kohl’s Rewards, regardless of payment method.
Category: Footwear
PF Flyers Appoints Chief Marketing Officer
PF Flyers appointed Lisa Lewis as chief marketing officer. Lewis will be responsible for relaunching the brand and establishing its position in the sneaker and lifestyle marketplace.
Pou Sheng Sees Decline In First Quarter Profit
China’s Pou Sheng International said it expects to report a “substantial decrease” in profits in the first quarter due to new wave of the pandemic in its operating regions.
Descente Transfers Overseas Sales To Japanese Subsidiary
Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.
HealthEdge Completes Investment In Anodyne
HealthEdge Investment Partners, LLC, a healthcare-focused private equity fund, announced that it had completed an investment in Anodyne, LLC, the maker of footwear often prescribed for diabetic patients.
Bass Pro To Open In Irvine, CA
Bass Pro Shops announced plans for a new superstore in Irvine, CA. The new 140,000-square-foot store, expected to open in late 2022 or early 2023, joins a Bass Pro location in Rancho Cucamonga in Southern California.
Obit: Sneaker Designer Peter Moore
Peter Moore, who helped launch Air Jordan 1 for Nike and reinvent Adidas in the nineties, passed away on Friday at 78. The news was revealed in statements from Nike and Adidas.
Newell Brands Sees Double-Digit Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $388 million in the first quarter compared with $336 million in the prior-year period of 15.5 percent. The gain reflects core sales growth of 22.9 percent, partially offset by the impact of exits from low margin categories and unfavorable foreign exchange.
Authentic Brands Appoints EVP, Reebok International
Authentic Brands Group appointed Steve Robaire as EVP, Reebok International, effective July 1, 2022.
Fenix Outdoor’s Revenues Climb 30 Percent In First Quarter
Fenix Outdoor, based in Switzerland, reported sales grew 30 percent in the first quarter to €165.2 million ($174 mm) from €127.1 million a year ago.
NPD Group: Footwear Sales Decline In First Quarter
Up against last year’s stimulus-fueled comps, footwear industry unit sales and revenue both declined in the first quarter of 2022 versus the previous year, according to The NPD Group. U.S. footwear sales revenue fell by 3 percent, unit sales declined by 12 percent, as average prices increased by 11 percent.
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.
KOA Report: A Record 57 Million Households Camped In 2021
Kampgrounds of America, Inc.’s 2022 North American Camping Report found that 57 million households reported going on at least one camping trip in 2021, an 18 percent increase compared to 2020 and the greatest year-over-year change since KOA began reporting the numbers.
Nike Unveils One-Million-Square-Foot Serena Williams Building
Nike has unveiled the Serena Williams Building, a one-million-square-foot space at its headquarters in Beaverton, OR. The structure houses 200,000 square feet of lab space for Nike’s Consumer Creation team to “create the future of sport.”
Centric Brands Acquires Hosiery Division From Daytona Apparel Group
Centric Brands LLC. announced the strategic acquisition of a division of Daytona Apparel Group, a portfolio of retail brands owned by Windsong Brands, that closed on March 24th of this year. Centric will take full ownership of Daytona Apparel Group’s hosiery division which sells product across multiple brands in stores nationwide.
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