The company expects the first quarter to be the most challenging from a sales and earnings per share prospective as they plan to open five stores and transition to the new Jordan floor set but see the back half of the year to be stronger than the first half.
Category: Footwear
Famous Footwear Parent Caleres, Inc. Places Bigger Focus on Brand Portfolio for Growth
Famous Footwear total athletic footwear sales declined low-single-digits in Q4, albeit with solid growth from Adidas and New Balance. The boot category saw high single-digit sales declines, as expected.
EXEC: Designer Brands CEO Shares 2025 Plans for DSW, Topo Athletic, Keds and Private Label
The parent of DSW, The Shoe Co., and Rubino, and the Topo Athletic, Keds, Le Tigre, Hush Puppies, and other footwear brands, plans to focus on a larger athleisure assortment at retail and more focus on Topo Athletic, Keds and Private Label in the Brand Portfoloio.
EXEC: The Footwear Brands Bringing the Brand Heat in 2025
L.E.K. said the athletic footwear brands tend to engender the most excitement from consumers overall, and other surveys and analysis over the last year have seen even more excitement as Nike stumbled and left the door open for others.
EXEC: Citi Survey Sees Nike Perceptions Slip, Adidas Gain
The February survey saw Nike retaining the highest Net Promoter Score of all the brands surveyed at +43 in February (down from +46 in December), followed by Adidas in the No. 2 spot (up from the No. 4 spot in December).
Report: Online Resale is Expected to Reach $40 Billion by 2029
From integrating social commerce and AI applications to establishing trade organizations and interfacing with the government, ThredUp said it’s clear why resale has seen accelerated growth and a promising growth trajectory.
EXEC: Wall Street Lays Out Expectations Ahead of Nike’s Fiscal Q3 Results
Margins are a concern in the near term, given the need for Nike to liquidate inventory. While the company continues to pull back promotions on its website, outlet stores will continue to see increased pressure.
Report: February Perceived Stability at Retail Hides Deeper Fluctuations
While the steady appearance of retail performance carried through top-line views of discretionary general merchandise, retail food and beverage, and non-edible consumer packaged goods, underlying disruptions are emerging, reported Circana.
EXEC: Sports Direct Parent to Make Another Run at Nordic Retailer XXL ASA
It appears that Frasers Group plc (Frasers), the UK-based parent of the Sports Direct global sporting goods retailer, is making another run at Norway-based sporting goods retailer XXL ASA.
EXEC: Saucony and Merrell Grow 57 Percent in China in 2024; Saucony Hits Benchmark
In 2024, revenue from the combined Merrell and Saucony brands segment realized a year-over-year growth of 57.2 percent, accounting for 9.2 percent of the Group’s total revenue.
EXEC: L.L.Bean Posts Flat Revenue in 2024; Employee Bonus Falls to 6.5 Percent
The company said it continued to navigate a challenging retail environment in 2024, in a year impacted by inflationary headwinds and a decrease in spending in the outdoor sector.
EXEC: Another Authentic Licensee Files Bankruptcy as Forever 21 to Close in U.S.
Authentic Brands Group continues to own the intellectual property associated with the Forever 21 brand and could license the brand to other operators. The non-U.S. Forever 21 store locations and international e-commerce sites are expected to continue operating as normal.
Report: February Retail Sales May Reflect Anxious Consumer Spending
February’s core retail sales, as defined by the NRF, were up 0.9 percent seasonally-adjusted month-over-month but down 0.2 percent unadjusted year-over-year because of the comparison against unusually high sales in February 2024.
Birkenstock Settles in Chelsea for its Fourth London Location
The London, Chelsea store is Birkenstock’s sixth retail location in the UK. The company operates 37 stores in eight European countries, including this new location, with further openings planned in key cities.
EXEC: Golden Goose Spikes 2024 Revenues with 24 Global Store Openings
Retail drove DTC performance with 23 percent growth, supported by 24 net new store openings and high single-digit comp sales growth and double-digit comp growth in Q4. Wholesale channel sales declined 4 percent year-over-year.
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