Fleet Feet Fort Myers owners Janene and Brian Urichko agreed to purchase Run Florida On McGregor from friend and owner John Rinkenbaugh, who will join Fleet Feet Fort Myers as an outfitter.
Category: Footwear
EXEC: Study Finds Team Sports Participation Trails Pre-Pandemic Level
According to the Aspen Institute’s recently released State of Play 2023 report, kids are trying sports about as much as they did before COVID-19, but they’re not playing as frequently.
Birkenstock’s Debt Ratings Upgraded
S&P Global Ratings raised its debt ratings on Birkenstock following debt repayments using proceeds from its recent initial public offering.
EXEC: Kamik CEO Talks 125 Years of Fighting Bad Weather
The Montreal-based boot maker is celebrating its 125th anniversary of protecting feet from wet, chilly, slushy, and icy conditions. CEO Gillian Meek talked with SGB Executive about the company’s roots, the benefits of Canadian manufacturing, the brand’s strength in kid’s boots, and more.
Comfort Ones Shoes Acquires Saxon Shoes
Comfort Ones Shoes, the independent footwear chain based in Alexandria, VA., has acquired Saxon Shoes, based in Richmond, VA.
EXEC: YTD Footwear Shipments Fall Nearly 25 Percent at Yue Yuen
Year-to-date revenue attributable to footwear manufacturing activity, including athletic/outdoor shoes, casual shoes and sports sandals, decreased by 20.4 percent to US$3.50 billion as average selling prices rose in mid single digits.
Kohl’s Opens Store in Downtown Milwaukee
Kohl’s opened a storefront in downtown Milwaukee, WI, as part of the retailer’s plan to open five stores this fall. The store represents a rare urban location for a Kohl’s store, with most historically focused on supporting suburban communities.
Michigan Consumer Sentiment Falls to Six-Month Low
Consumer sentiment fell for the fourth month, according to a preliminary report published for the Michigan Consumer Sentiment Index. The Index came in at 60.4, down 3.4 points, or 5.3 percent, from the October final.
Vans Settles Trademark Infringement Lawsuit Against Walmart
Vans settled a trademark lawsuit against Walmart that accused the retailer of copying the designs of “virtually all” of Vans’ sneakers, including its Old Skool low-top and Sk8-Hi high-top shoes.
Nike Hires Amazon Executive as Chief Technology Officer
Nike, Inc. recruited Muge Erdirik Dogan, a longtime fashion executive at Amazon, as chief technology officer. Jenny Freshwater, most recently Amazon’s vice president of traffic and marketing technology, will replace Dogan as VP of Amazon Fashion & Fitness.
Garmont Names New CEO
Italian outdoor footwear brand Garmont International hired Andrea Nalesso as CEO. Nalesso takes over from Pierangelo Bressan, who remains chairman of the board and a Garmont shareholder.
Descente Sees Mid-Single-Digit Growth in Fiscal H1
Descente, Ltd. reported that revenues for the fiscal six months ended September 30 rose 4.9 percent to ¥59.9 billion ($396 mm) from ¥57.2 billion a year ago. Gains from the incorporation of Le Coq Sportif (Ningbo) Co. Ltd. (NLCS) into China’s consolidated results and growth in activewear overall offset decreased sales in golfwear.
EXEC: Asics Lifts Outlook On Robust Third Quarter Results
Asics Corp. raised its outlook for the year after reporting strong earnings improvement in the third quarter and nine months ended September 30. Sales grew 14.5 percent in the third quarter and 23.4 percent in the nine months with healthy gains across regions.
EXEC: Mizuno’s Fiscal Q2 Sales Expand Across All Regions; Running and Golf Decline
Mizuno Corp.’s sales grew 8.1 percent in the fiscal second quarter ended September 30 and 23.8 percent in the half. The Japanese-based sporting goods sales and profits reached record levels in the six months, with sales increasing across all geographies and in all its main business categories.
Authentic Partners with Aldo Group for Roxy Footwear
Authentic expanded its partnership with the Aldo Group to include Roxy footwear. Aldo will now design, manufacture and distribute the brand’s shoes and footwear for women and girls in the U.S. and Canada.
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