REI Co-op is opening its first store in Maine on November 12. The store is located in the Rock Row Development in Westbrook and covers 24,000 square feet of space.
Category: Footwear
Deckers Sets Targets To Reduce Its Emissions
Deckers Brands announced it has set science-based targets to reduce its emissions and also released its Fiscal Year 2021 corporate responsibility and sustainability report, “Creating Change.”
The Buckle’s October Comps Climb 23 Percent
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended October 30, 2021 increased 23.3 percent from comparable store net sales for the 4-week period ended October 31, 2020.
Puma Opens North American Headquarters
Puma announced it has officially opened its North American headquarters at Assembly Row in Somerville, MA, bringing together approximately 450 employees from its two former offices in Boston and Westford, MA.
Gildan Activewear’s Q3 Sales Jump 33 Percent
Gildan Activewear Inc. reported significant earnings improvement in the third quarter ended October 3. Record third-quarter sales of $802 million, was up 33 percent over the prior year and 8 percent over Q3 2019 .
Acushnet Raises Outlook On Robust Q3
Acushnet Holdings Corp., the parent of Titleist and FootJoy, reported third-quarter revenues climbed 8.0 percent year over year and grew up 25.0 percent compared to 2019. Earnings were down, as expected, but both earnings and sales were far ahead of Wall Street estimates and Acushnet sharply raised 2021 guidance.
NPD Report: U.S. Footwear Sales Revenues To Rise 16 Percent By 2023
Powered largely by pent-up demand and rising average selling prices, U.S. footwear revenues grew by 28 percent, from January through September 2021 compared to 202, and increased by 8 percent versus 2019, according to the NPD Group. By 2023 revenues its forecasts to be 16 percent ahead of pre-pandemic 2019 levels.
U.S. Fishing Equipment Market Reels In Nearly $4 Billion, NPD Reports
In the 12 months ended September 2021, U.S. fishing equipment in-store and online sales revenues across mass merchants and sporting goods retailers, including e-commerce, grew 4 percent, year-over-year, reaching $3.9 billion, according to the NPD Group.
True Linkswear Secures $11.25M Investment
Golf footwear startup True Linkswear announced it has raised $11.25 million from KarpReilly to accelerate the growth.
Allbirds Raises $303 Million In IPO
Sustainable shoe company Allbirds raised nearly $303 million in its initial public offering after increasing the size of its IPO that also priced above its expected price range.
Della Terra Hires Chief Operating Officer
Sustainable footwear brand Della Terra has hired footwear veteran David Jassem as chief operating officer.
Scarpa North America Promotes From Within
Scarpa North America, the wholly-owned U.S. and Canadian distributor for Scarpa, announced it had promoted Melanie Hood to director of marketing and communications and Joe Higby as VP of Finance.
Black Diamond To Expand Retail Presence In U.S.
Black Diamond Equipment announced it would open two retail stores this winter in Jackson Hole, WY and Burlington, VT followed by a third retail location in Bend, OR, scheduled to open in Spring 2022.
Bogs Q3 Sales Impacted By Production And Shipping Delays
Weyco Group Inc. reported sales for the third quarter rose 16.2 percent. In the North American wholesale segment, sales of legacy brands (Florsheim, Stacy Adams, and Nunn Bush) all grew against depressed year-ago comparisons tied to the pandemic. Sales of Bogs fell 8 percent mainly due to production and shipping delays from manufacturers in Asia.
Weyco Announces Retirement Of CFO
Weyco Group Inc. announced that John F. Wittkowske, the company’s senior vice president, chief financial officer and secretary, would retire effective May 6, 2022. Wittkowske will be succeeded by Judy Anderson as the company’s chief financial officer and secretary.
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