Allbirds, Inc., in its first quarterly report since going public, widened its loss in the quarter ended September 30 as sales rose 33 percent. Results were slightly above forecasts.
Category: Footwear
Skechers Creates ‘Our Planet Matters’ Sustainable Collection; Partners With The Nature Conservancy
Skechers announced it has created Our Planet Matters collection of sustainable men’s women’s and kids products using recycled materials. It also announced a partnership with The Nature Conservancy that includes a multi-year commitment, contributing a minimum of $800,000 to help the organization.
Adventure Cycling Association Appoints Executive Director
Jennifer O’Dell has been named Executive Director of Adventure Cycling Association as the organization prepares to invest in a new initiative for 2022.
Adobe: Cyber Monday Online Sales Drop 1.4 Percent
According to data released by Adobe Analytics, consumers spent a total of $10.7 billion on Cyber Monday, which is down 1.4 percent year-over-year; this marks the first time Cyber Monday has shown a decline in sales since Adobe began tracking the figure in 2012.
Nike Delivers Tribute To Virgil Abloh
Nike delivered an official statement honoring the memory of Virgil Abloh, the acclaimed fashion designer who passed away at the age of 41 Sunday from a rare form of cancer.
Boardriders Appoints COO
Boardriders Inc. said it appointed Deborah Palmer Keiser as global chief operating officer. Keiser will oversee Boardriders’ end-to-end global planning and sourcing, and logistics and distribution.
‘Container Dwell Fee’ At West Coast Ports Remains On Hold Until December 6
The Port of Los Angeles and the Port of Long Beach announced a further postponement of the “Container Dwell Fee.” After meetings today with U.S. Port Envoy John Porcari, ocean liner companies and marine terminal operators, the two ports said the fee would not be considered before December 6.
Small Business Saturday Tallies Record Sales
American Express said its 12th Annual Small Business Saturday, held on November 27, is estimated to have reached an all-time high in sales.
PGA Of America Provides Update To PGA Show
PGA of America and PGA Golf Exhibitions announced that more than 600 golf brands are projected to participate in person at the 2022 PGA Show.
EBay Acquires Sneaker Con Authentication Business
EBay, Inc. has agreed to acquire Sneaker Con Digital’s authentication business, a sneaker authenticator with operations in the U.S., UK, Canada, Australia, and Germany.
Golf Rounds Played Slip In October
According to Golf Datatech, golf rounds played were down 1.8 percent in October but are still ahead 7.4 percent year-to-date.
Skechers Extends Eyewear Licensing Agreement
Skechers USA Inc. and Marcolin announced the renewal of its licensing agreement for the design, production and worldwide distribution of Skechers sunglasses, eyeglasses and kids’ eyewear.
Adobe: Black Friday Online Spending Sees Slight Decline
Total online spending on Black Friday was $8.9 billion, down from sales of $9 billion in 2020, according to Adobe Analytics. Results came in at the low end of Adobe’s predicted range. Thanksgiving Day coming in flat year-over-year at $5.1 billion.
Sensormatic: Black Friday In-Store Traffic Down Sharply From Pre-Pandemic Levels
In-store traffic at U.S. brick-and-mortar retail stores and shopping centers was down 28.3 percent on Black Friday, November 26, compared to 2019, the last pre-pandemic year, but showed a 47.5 percent rebound compared to 2020, according to Sensormatic Solutions.
Amazon Physical Retail VP Exits
Cameron Janes, who most recently oversaw Amazon’s physical retail division, has left Amazon after more than 14 years.
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