Genesco Inc. delivered record second-quarter profitability for its footwear businesses that far exceeded expectations. Sales were up 25 percent at Journeys, up 48 percent at Schuh, and ahead 154 percent at Johnston & Murphy.
Category: Footwear
Hoka Opens First Two Stores
Hoka One One announced the opening of its first retail locations. The brick and mortar bi-coastal pop-ups will be located in New York City and Los Angeles.
Former Nike Football Head Joins Relo Metrics Board
Relo Metrics, the AI-powered sponsorship analytics platform formerly known as GumGum Sports, announced that Marc Reeves, former head of brand for football at Nike, has joined its Board.
Norrøna Invests In The U.S.; Adds Three Sales Agencies
Norrøna has strengthened its U.S. sales with the addition of agencies Summit Sales NW in the Pacific Northwest, Black Dog Sales Group in the Rocky Mountains and Intermountain West and Bluebird Sales Group in the Northeast.
Public Lands Announces Initial Conservation Partners
Public Lands, the outdoors-themed retailer from Dick’s Sporting Goods, announced the creation of The Public Lands Fund and partnerships with ten environmental nonprofit organizations.
Caleres Sees Q4 Revenues Climb 35 Percent
Caleres Inc. reported sales improved 34.7 percent in the second quarter ended July 31. The gains were driven by a 35.8 percent sales increase in the Famous Footwear segment and a 30.2 percent sales increase in the Brand Portfolio segment. Higher gross margins further helped the off-pricer deliver its most profitable quarter ever.
Sequential Brands Group Commences Voluntary Chapter 11 Proceedings
Sequential Brands Group Inc. announced that it, together with its wholly-owned subsidiaries, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware.
Flip Raises $28 Million Series A Round
Flip, the Los Angeles-based social commerce app, announced that it closed a $28 million Series A round led by Streamlined Ventures, a Silicon Valley-based early-stage investment firm.
Allbirds Files To Go Public
Allbirds Inc. has filed with the Securities & Exchange Commission for an initial public offering. Net revenue rose to $219.3 million in 2020 from $193.7 million in 2019.
Former Adidas Brand Chief Launching Sustainable Streetwear Brand
Eric Liedtke, who formerly led global brands at Adidas, is launching a zero-waste, zero-plastic streetwear brand called Unless, according to Business Of Fashion.
Designer Brands’ Q2 Profits Handily Top Wall Street’s Targets
Designer Brands Inc., the parent of DSW, reported earnings on an adjusted basis in the second quarter ended August 1 were more than double Wall Street’s targets. The company said it achieved record-setting second-quarter sales and gross profit at the U.S. Retail segment. Comparable sales were up 84.9 percent year-over-year.
WHP Global Acquires Lotto
WHP Global has acquired the global trademarks for the Italian sports brand Lotto. Lotto Sport Italia S.p.A. (LSI) and its current leadership team, including CEO Andrea Tomat, will continue to operate the Lotto brand in the core markets of Italy, Europe, the Middle East, and Africa.
Court Judge Rejects Under Armour’s Request To Dismiss UCLA Lawsuit
A Los Angeles Superior Court judge rejected Under Armour’s attempt to dismiss the lawsuit brought by UCLA seeking more than $200 million in damages over its terminated sponsorship deal.
WSS Named Partner Of The Los Angeles Dodgers
The Los Angeles Dodgers announced a multi-year partnership with WSS, the West Coast sneaker chain that recently entered into an agreement to be acquired by Foot Locker.
Allbirds Opens Store In Atlanta
Allbirds has opened a new retail store and community center at Atlanta’s Ponce City Market. It is the brand’s first store in the Atlanta area and 30th worldwide.
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