Among it’s findings, the OIA 2024 Outdoor Participation Trends Report found that the average number of outings per participant in 2023 fell 11.4 percent from 70.5 per participant in 2022 to 62.5 outings per participant in 2023.
Category: Footwear
Golden Goose Postpones IPO
Luxury sneaker maker Golden Goose Group SpA has decided to postpone its planned initial public offering “as a result of European market volatility.”
Centric Brands Inks Global Licensing Partnership with Messi Brand
The product categories will offer a diverse range of styles that embody the Lionel Messi brand, featuring men’s, women’s and kid’s categories, including apparel, outerwear.
JCPenney Invests $40 Million in Supply Chain Upgrades
As part of the retailer’s self-funded $1 billion reinvestment strategy announced last year, the centerpiece of the upgrade is implementing the Joey Pouch sorting system at its distribution center in Reno, NV.
Nordstrom Rack to Open Location in Tarzana, California
Nordstrom, Inc. announced plans to open a new Nordstrom Rack in Tarzana, California in fall 2024. The store will mark Rack’s 65th store in California.
Retail Sales in May Weaker Than Forecasted
Retail sales increased slower than expected in May versus the prior month, as high interest rates and inflation pressured consumer spending.
Authentic Appoints General Manager of Africa
Authentic Brands Group appointed of Warren Bowers as general manager. Bowers’ previous roles include managing director at Bounty Brands and senior retail director at Adidas.
Saucony Names Chief Marketing Officer
Joy Allen-Altimare joins the company as global CMO, effective immediately. Most recently, she was the chief revenue officer of North America for Havas Media Network.
Bass Pro Sets To Open In Grand Prairie, TX
The store will mark the 15th Bass Pro Shops location in Texas and fifth in the Dallas metro area.
Adidas, League One Volleyball Ink Multiyear Partnership
Adidas is expanding its footprint in volleyball with a multiyear partnership with League One Volleyball (LOVB), the largest youth volleyball business in the U.S., with a pro women’s league launching in November.
Kith Opens Kids Flagship Store in Dumbo
Kith opened a Kith Kids flagship store in the historic Dumbo neighborhood of Brooklyn, marking the second Kith Kids flagship and the third Kith flagship in Brooklyn.
Xponential Fitness Appoints Former Adidas NA President as CEO
Mark King, the former president of Adidas North America, was hired as Xponential Fitness’ new CEO. He will also join the company’s Board of Directors.
Adidas Investigating China Corruption Allegations
Adidas received an anonymous letter indicating potential compliance violations in China and is “intensively investigating this matter with external legal counsel.
Piper Sandler Bolsters Consumer Equity Research Team
Anna Andreeva will join the New York office and is responsible for footwear, softlines and global brand analysis. Andreeva began her career in equity research at J.P. Morgan, where she was part of the number one-ranked Institutional Investor team covering specialty retail.
Under Armour Renews Sponsorship with University of Maryland
UA has been the department-wide exclusive outfitter since 2005 and will continue to design and supply the training and game-day footwear, apparel and equipment for Maryland’s varsity athletic teams.
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