As retail sales grew 17 percent year-over-year in November and December, ICSC’s (International Council of Shopping Centers) 2021 Post-Holiday Survey has found that consumers spent an average of $1,011 this holiday season, with 226 million consumers spending money on holiday gifts.
Category: Footwear
LVMH Luxury Ventures Invests In Aimé Leon Dore
LVMH, the French-based luxury conglomerate, has invested in New York-based streetwear label Aimé Leon Dore. The minority stake investment was made through its LVMH Luxury Ventures arm, which focuses on investing in emerging labels.
Walmart Appoints New U.S. E-Commerce Chief
Walmart has tapped Tom Ward to lead its e-commerce division after the departure of Casey Carl, according to a company memo as first reported by The Wall Street Journal.
Nike To Close Factory Store In Louisville
Nike closed a Nike Factory Store at Shelbyville Road Plaza in Louisville, KY.
Puma Sees Fourth-Quarter Results Ahead Of Analyst Targets
Puma reported stronger than expected preliminary quarterly sales and core profit as global demand helped offset the effects from the pandemic and supply chain constraints.
WFSGI Appoints Head Of Cycling
World Federation of the Sporting Goods Industry (WFSGI) announced that Michelle Smyth is its new head of cycling.
Report: Peloton Suspends Bike And Treadmill Production Amid Slowdown
According to a confidential internal presentation dated January 10 attained by CNBC, Peloton has paused its Bike production for two months, from February to March, due to a “significant reduction” in demand attributed to heightened price sensitivity and competition.
Aerosoles Acquired By American Exchange Group
American Exchange Group, a maker of accessories, announced it had finalized an agreement to acquire the assets of the comfort footwear brand, Aerosoles.
JD.com Partners With Shopify
Chinese online retailer JD.com announced it had formed a strategic partnership with Ottawa-based Shopify to help U.S. merchants sell their products in Mainland China. The partnership marks a step up in the China expansion for Shopify and is another in JDs internationalization trajectory.
GOA Report: 2021 Growth At Specialty Independent Outdoor Retail
GOA released sales data showing an uptick in holiday season sales and a record-setting two years of sales increases.
Women’s Sports Foundation Welcomes New President And Board Of Trustees Chair
The Women’s Sports Foundation (WSF) welcomed Olympic and World Champion in ice hockey and New Jersey Devils (NHL) Manager, Player Development Meghan Duggan as its new President, and Executive Director of the Ivy League Robin Harris as its Board of Trustees Chair.
361 Degrees Sees High-Teens Growth In Fourth Quarter
361 Degrees International, Ltd. reported retail sales of 361º core branded products for the fourth quarter of 2021 recorded high-teens growth compared to the same period of 2020.
Dick’s SG Closes $1.5 Billion Debt Sale
Dick’s Sporting Goods, Inc. announced the closing on January 14, 2022, of its previously announced offering of $750 million of 3.15 percent senior notes due in 2032 and $750 million of 4.1 percent senior notes due 2052.
Sportsman’s Warehouse’s Reports Flat Sales Over Holiday Period
Sportsman’s Warehouse, Inc. reported net sales in the eight weeks ended December 25 were $299.6 million, which was flat versus the comparable eight weeks of fiscal year 2020. Compared to the same eight-week period of fiscal year 2019, net sales increased 59.3 percent from $188.1 million.
Ecco Sko A/S Appoints CEO Ecco USA
Ecco Sko A/S appointed Tom Berry as president & CEO, Ecco USA. Berry assumes the responsibility of this new role immediately.
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