MEC, the Canadian outdoor retailer, reported it will open a freestanding store in Whitby, Ontario, in July 2024, its seventh standalone store in Ontario and 23rd standalone in Canada.
Category: Footwear
EXEC: Industry Organizations Push Back on Biden Administration’s Tariff Decisions
The decision to maintain Section 301 China tariffs and implement new tariffs has U.S. retail and brand companies up in arms over the decision released this week by the Biden administration.
U.S. Sporting Goods Segment Retail Sales Decline in April as Market Grows 3.9 Percent
Sporting Goods, Hobby, Musical Instrument, Bookstore sales were reported down 4.7 percent YoY from April 2023 and down 0.9 percent versus March 2024. Clothing and Clothing Accessories Stores sales were up 2.7 percent YoY.
EXEC: Fila Holdings Gets Q1 Lift from Fila USA, Acushnet to Offset Fila Korea Slump
Fila USA revenues saw a bit of a turnaround in the quarter, which covers the U.S., Canada and Mexico, with sales jumping 7.4 percent in US dollar terms to $64.7 million, after falling 46.4 percent in the year-ago Q1 period.
Puma Appoints Bas van den Bemt as Managing Director Central Europe
Bas van den Bemt is Puma’s new managing director for central Europe, starting July 1, overseeing business in the Dach and Benelux regions. He replaces Nina Graf-Vlachy, who decided to pursue opportunities outside the company. Lucynda Davies will take over Van den Bemt’s role as managing director of Puma UK and Ireland.
Mytheresa Gets U.S. Lift to Posts Strong Fiscal Q3 Growth
The company’s U.S. business continues to be a growth driver with the highest regional growth, increased share of total business and record number of top customers in the third quarter fiscal year 2024.
Tractor Supply Opens Largest Distribution Center in Arkansas
Facility brings 500 full-time jobs to local residents and represents an investment of more than $175 million in the region
Boot Barn Ends the Year with 400 Doors, with Q4 Comps Falling in Mid Singles
An 8.7 percent decrease in net sales was said to be the result of the decrease in consolidated same-store sales and the impact of a 13-week quarter when compared to a 14-week quarter in the prior-year Q4 period, partially offset by the incremental sales from new stores opened over the past twelve months.
Vasque Footwear Expands Waypoint and OSM Sales Partnerships
Vasque expanded Waypoint Outdoor’s coverage to the Southwest and South Central regions, while Outdoor Sports Marketing now extends its reach to the Mid-Atlantic—the two groups now represent six of Vasque’s sales regions.
EXEC: On Holding Shares Hit 52-Week Highs as Q1 Results, DTC Gains Please the Street
In comparison to the prior-year period that was elevated as a result of the initial selling into some of our key accounts, net sales in the Americas region grew 22 percent year-over-year with constant-currency growth of 30.4 percent for the quarter.
PetSmart Searching for the Next “Chief Toy Testers;” $20K to New Team Members
The Chief Toy Tester search is back and submissions are open for one lucky dog, cat and human parents to join the PetSmart team.
Meijer Opens New Supercenters in Michigan and Northeast Ohio
Meijer opened its first store in Michigan in 1934. Today, it opened a new 159,000-square-foot supercenter in Hillsdale, MI and two new 159,000-square-foot supercenters in Northeast Ohio. This summer, the retailer will celebrate its 90th anniversary as a family-owned Midwest retailer.
Skechers Enters Global Footwear Partnership With John Deere
The co-branded pro and lifestyle footwear collection is scheduled to launch in July, designed for agricultural professionals, construction workers, outdoor enthusiasts, and trendsetters.
EXEC: Mizuno Posts Strong Profit Growth for Fiscal Year on Sales Growth in All Regions
The company reported net sales were ¥229.7 billion in the fiscal year ended March 31. 2924, up 8.3 percent year-over-year. Profit attributable to owners of parent was ¥14.3 billion, up 44.4 percent versus the prior fiscal year.
On Holding Posts Another Strong Quarter in Q1, Led by Expanding DTC Sales
On’s total net sales reached CHF 508.2 million, an increase of 20.9 percent year-over-year and a 29.2 percent increase on a constant-currency basis. The results were led by strong demand and momentum in On’s direct-to-consumer channel.
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