Building on the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, Lululemon Athletica, Inc. announced a new Power of Three ×2 growth strategy that includes a goal to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
Category: Footwear
Nike Updates Hybrid-Work Plans
Nike announced a new remote work policy that will allow employees to work remotely up to four weeks per year.
NFW Closes $85 Million In Series B Funding Round
Natural Fiber Welding, Inc. (NFW) announced it has closed an $85 million funding round to scale production of its all-natural, circular materials products coming to market with a wide array of global brand partners. Evolution VC Partners led the round.
Crocs Appoints VP And Global Head Of Sustainability
Crocs, Inc. announced that Deanna Bratter joined the business as vice president, global head of sustainability in a newly created role.
Boardriders Announces Retirement Of Shannan North
Boardriders, Inc. announced that Shannan North, president of commercial strategy and growth and chief brand officer, plans to retire.
Nike Appoints Twitter Exec To VP Of Digital Design
Nike, Inc. has hired Dantley Davis, former chief designer officer at Twitter, as VP of digital design.
NRF Calls For Visa And Mastercard To Cancel Swipe Fee Increases
The National Retail Federation urged Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month, citing a letter from both Republican and Democratic members of Congress saying higher fees would add to inflation.
Champs Sports Opens Homefield Concept In Pembroke Pines
Champs Sports, part of Foot Locker, Inc., will open the brand’s retail concept store, Champs Sports Homefield, in Pembroke Pines, FL, on April 23. The largest of all Foot Locker, Inc. subsidiaries worldwide totals more than 35,000 square feet.
USTA Promotes Sherr To CEO And Executive Director
Lew Sherr, the current chief revenue officer of the USTA, has been named USTA chief executive officer and executive director.
Skechers Announces Reportable Segment Change
Skechers U.S.A., Inc. announced that it has changed its segment reporting, as the company refined the way it views its business operations and decision-making. Effective the first quarter of 2022, the company will present segment results as Wholesale and Direct-to-Consumer.
ABG Hires Entertainment Exec To Support International Growth
Authentic Brands Group (ABG), announced that sports and broadcast industry leader Kiyoshi Nakamura has joined its efforts in developing new business in the Asia-Pacific and European regions.
REI Increases Investment In Run Category
REI is piloting new store layouts and deepening staff training to support its running departments as part of a bigger investment in the running category.
Anta Sports Sees High-Teens Q1 Growth For Anta Brand
Anta Sports reported retail sales of Anta branded products recorded high-teens positive growth in the first quarter compared to the same period in 2021 while Fila’s retail sales saw mid-single-digit positive growth.
March Retail Sales Grew Despite Higher Inflation
Retail sales grew in March even as inflation edged higher, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in March were up 0.5 percent seasonally adjusted from February and up 6.9 percent year over year.
FDRA Study: Inflation Impacting Footwear Sales
FDRA’s 2022 national spring shoe shopper survey, found 44 percent of consumers are putting off purchases on all goods is their strategy in this high inflation environment.
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