The latest expansion increases the retailer’s footprint to over 20 locations in Arkansas, Tennessee, Oklahoma, Missouri, Kansas, Illinois, and now Colorado.
Category: Footwear
Payntr Golf x Pro Golfer Jason Day Create Footwear Collection
Day’s feedback on the collection’s development has been and will continue to be “instrumental in refining the design and functionality of the footwear, ensuring it meets the highest standards of performance, traction, waterproofing, and comfort.”
Allbirds Posts DD Q4 Sales Decline and Wider Net Loss as ASPs Decline
The year-over-year decrease was said to be primarily attributable to a lower average selling price, driven by increased promotional activity, partially offset by an increase in third-party net revenue.
Allbirds Appoints Joe Vernachio as CEO as Co-Founder Steps Down
Vernachio takes the helm as CEO and a member of the Board of Directors, effective March 15. He succeeds Joey Zwillinger, Allbirds’s Co-Founder and CEO, who will continue as a member of the Board of Directors and as a special advisor.
EXEC: On Holding Shares Take a Hit as Analysts Question 2024 Outlook
On generated revenue of more than 1 billion Swiss francs in the Americas region for the full year and more than 1 billion Swiss francs in consolidated gross profit and consolidated net sales from the Wholesale channel for the year.
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Kohl’s Swings to Q4, Full Year Profit as Retailer Posts Best Comps Since 2010
The store business had its best comparable sales performance since 2010 and the retailer managed inventory down 10 percent at year-end. Net income was $186 million in Q4, compared to a net loss of $273 million in Q4 2022.
Nuyarn Owner Appoints International Footwear Account Manager
TMC, Ltd., owner of Nuyarn and Herculan, a manufacturer of performance yarn and fabric, hired Tim Liao as the company’s International Footwear Account Manager.
Brooks Appoints Dan Sheridan Next CEO as Jim Weber Plans Departure
Jim Weber will step down as CEO of Brooks Running Company this spring after 23 years in the position. Dan Sheridan, company president and chief operating officer, will succeed Weber as CEO, effective April 26, 2024.
On Holding Continues Strong DD Growth into Q4 with DTC Leading the Way
The company said the strength and increasing awareness of the On brand drove record-high traffic to the brand’s website and retail stores worldwide, resulting in a 46.2 percent direct-to-consumer share, the highest in the company’s history.
Clarus Board Appoints New Director, Approves Top Shareholders to Increase Stakes
The parent of the Black Diamond, MaxTrax and Rhino-Rack brands, has appointed Roger Werner to serve on the Board of Directors, effective as of March 8, 2024 and approved two top shareholders’ bids to increase ownership percentage.
EXEC: Early Footwear Manufacturing Reports Reveal Positive YTD Trend
Yue Yuen and Feng Tay reported solid trends for the two-month YTD period, with Yue Yuen down just 0.2 percent and Feng Tay up 4.1 percent as both footwear manufacturers appear to reflect positive moves going into BTS.
NRF Reports Import Cargo Returning to Normal After Red Sea Disruptions
Inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024.
EXEC: Skechers USA Agrees to Settle SEC Charges Without Admitting Guilt
The company agreed to settle charges for failing to disclose payments for the benefit of its executives and immediate family members. Skechers agreed to pay a $1.25 million civil penalty to settle the SEC’s charges, without admitting guilt.
Ross Stores, Inc. Opens 18 New Stores to Start the Fiscal Year
These new locations are part of the company’s plans to add approximately 90 new stores, comprised of about 75 Ross and 15 DD’s Discounts, during fiscal 2024.
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