According to the latest International Council of Shopping Centers (ICSC) Thanksgiving Weekend Intentions survey, consumers will spend $130 billion during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations.
Category: Footwear
Nike Tops List of Brands Supporting Women’s Sports
A survey conducted by Aggregate Sports found Nike to be the top brand respondents felt supported women’s sports the most, followed by Gatorade and Coca-Cola.
Baffin Drops Platform Boot Series
Baffin introduced a new women’s winter boot collection called the Wedge, which merges fashion with function. It includes two platform styles, the Geneva and Tornio.
Evo Acquires Bergland Hotel in Japan
Evo will open its second branded hotel—Evo Hotel Hakuba. It follows the opening of Evo Hotel Salt Lake in 2022 in Salt Lake City, UT.
Outdoor Leaders Comment on Latest Outdoor Rec Economy Figures
The U.S. Bureau of Economic Analysis (BEA) reported the latest statistics, which show that outdoor recreation generates $1.1 trillion in economic output (2.2 percent of GDP), nearly 5 million jobs, and comprises 3.2 percent of U.S. employees, according to an early analysis by the Outdoor Recreation Roundtable.
REI Responds to Accusations of Labor Law Violations
REI workers affiliated with the unions reportedly filed 80 unfair labor practice charges against the outdoor specialty retailer last week. REI vowed to fight the allegations.
Record Traffic Forecasted for Thanksgiving Holiday Weekend
An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.
Dr. Martens Appoints Apple Retail Director as Chief Brand Officer
Non-executive director Ije Nwokorie will join Dr. Martens as chief brand officer, effective February 1, 2024. In conjunction with assuming the CBO role, Nwokorie will cease to be a member of the Board and will step down as a member of the Audit and Risk, Nomination and Disclosure committees.
TYR Sport Opens Second Store in Costa Mesa
TYR Sport announced the opening of the swim brand’s second store in South Coast Plaza in Costa Mesa, CA. TYR Sport’S first-ever brick-and-mortar store opened last month at Roosevelt Field Mall in Garden City, NY.
The Buckle Sees Fiscal Q3 Profits Decline as Comps Decline 9.2 Percent
Net income for the third quarter of fiscal 2023 was $51.8 million, or $1.04 per share on a diluted basis, compared with net income of $61.4 million, or $1.24 per share on a diluted basis, for the third quarter of fiscal 2022.
Foot Locker Named NBA Marketing Partner in the U.S.
Foot Locker and the NBA have signed a multiyear partnership that makes the sneaker retailer an official league marketing partner in the U.S. Foot Locker will receive media exposure across league platforms, including on-court virtual signage during national broadcasts and on league social media channels.
Fleet Feet Expands Kentucky Footprint with Louisville Store
Fleet Feet reported it plans to open a second store in Louisville, KY, in November in Fern Creek’s Cedar Creek Crossing Shopping Center.
Dillard’s Announces Special Dividend On Shares
The Board of Directors of Dillard’s, Inc. declared a special dividend of $20.00 per share on the retailer’s class A and B common stock, payable on January 8, 2024, to shareholders of record as of December 15, 2023.
EXEC: Hot Weather Chills Boot Sales at Shoe Carnival
Shoe Carnival reported it gained market share in the family footwear channel due to a robust back-to-school season with particular strength in kids on strength in athletic; however, annual guidance was lowered for the third straight quarter as hot and dry weather in September and October caused a decline in the twenties in the boot category.
Ross Stores Lift Outlook as Q3 Beats Plan
Ross Stores raised its earnings guidance for the year after third-quarter results arrived ahead of targets. Profits grew 30.7 percent in the period on a 5 percent same-store gain and the benefit of lower freight costs.
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