In 2024, revenue from the combined Merrell and Saucony brands segment realized a year-over-year growth of 57.2 percent, accounting for 9.2 percent of the Group’s total revenue.
Category: Footwear
EXEC: L.L.Bean Posts Flat Revenue in 2024; Employee Bonus Falls to 6.5 Percent
The company said it continued to navigate a challenging retail environment in 2024, in a year impacted by inflationary headwinds and a decrease in spending in the outdoor sector.
EXEC: Another Authentic Licensee Files Bankruptcy as Forever 21 to Close in U.S.
Authentic Brands Group continues to own the intellectual property associated with the Forever 21 brand and could license the brand to other operators. The non-U.S. Forever 21 store locations and international e-commerce sites are expected to continue operating as normal.
Report: February Retail Sales May Reflect Anxious Consumer Spending
February’s core retail sales, as defined by the NRF, were up 0.9 percent seasonally-adjusted month-over-month but down 0.2 percent unadjusted year-over-year because of the comparison against unusually high sales in February 2024.
Birkenstock Settles in Chelsea for its Fourth London Location
The London, Chelsea store is Birkenstock’s sixth retail location in the UK. The company operates 37 stores in eight European countries, including this new location, with further openings planned in key cities.
EXEC: Golden Goose Spikes 2024 Revenues with 24 Global Store Openings
Retail drove DTC performance with 23 percent growth, supported by 24 net new store openings and high single-digit comp sales growth and double-digit comp growth in Q4. Wholesale channel sales declined 4 percent year-over-year.
Tailored Brands, Inc. Appoints Two New Board Members
The omnichannel specialty retailer of menswear, appointed Julie B. Rosen and Lewis L. Bird, III, as members of its Board of Directors, effective March 2025. Rosen and Bird collectively bring nearly seven decades of retail and business experience to their roles.
OR and Surf Expo Parent Swings to Q4 Profit on 5.2 Percent Revenue Growth
The Q4 increase was reportedly driven primarily by $6.1 million in organic revenue growth and $4.8 million in revenue from acquisitions, offset by scheduling adjustments of $3.7 million and prior-year revenue of $1.9 million related to discontinued events that were not contributing to profitability.
The Buckle Posts Flattish Q4 Net Sales on 3.9 Percent Comp Sales Gain
Online sales outpaced the store base in Q4, increasing 6.4 percent to $69.7 million for the 13-week fourth quarter, compared to net sales of $65.5 million for the 14-week period ended February 3, 2024.
EXEC: Zumiez CEO Details Strong Q4 Progress Across Softgoods Categories
The Men’s category maintained its positive momentum through year-end, delivering growth for the fifth consecutive quarter. The women’s category, became the largest growth category for the quarter. Skate Hardgoods were a drag.
Duluth Trading Sees Q4 Results Hurt by Retail Stores, Fulfillment Issues
Direct-to-consumer net sales increased by 0.4 percent to $172.9 million compared to the prior-year fourth quarter driven by greater penetration of mobile. Retail store net sales decreased by 6.9 percent to $68.4 million.
Sam Sato Sets Retirement from Duluth Trading Company CEO Role
During the transition period through April 25, Stephen L. Schlecht, the company’s chairman of the Board, founder and former CEO, will assume day-to-day leadership of the company with Sato’s assistance.
EXEC: Tilly’s, Inc. Expects Little Tariff Impact; Merchandising is Bigger Issue
Total foruth quarter comparable net sales, including both physical stores and e-commerce, decreased by 11.2 percent relative to the comparable 13-week period ended February 3, 2024, but have turned positive as weather improves.
EXEC: New Kohl’s CEO Kicks Off Turnaround Effort; Sees Private Label as Key
Asked about the balance between private label and national brands by an analyst, new CEO Ashley Buchanan emphasized that the customer will ultimately determine the mix, with a focus on delivering quality and value.
BSN Sports Parent Varsity Brands Taps into Pro Athlete Investors at Patricof Co
Over 45 of Patricof Co’s global athlete clientele, representing all major U.S. sports, have invested in Varsity Brands. This investment underscores P/Co’s commitment to “partnering with companies transforming the landscape of sports and community engagement.”
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal