JD Sports Fashion Plc said it completed its acquisition of DTLR Villa LLC.
Category: Footwear
Snap Acquires Fit Analytics
Snap, the parent of Snapchat, announced that it acquired Berlin-based start-up Fit Analytics, which counts more than 18,000 retailers and brands as users of its solutions.
Shoe Carnival Announces Planned CEO Succession
Shoe Carnival, Inc. announced that its Board of Directors has unanimously elected Mark Worden, the company’s president and chief customer officer, as its next president and chief executive officer, effective September 30, 2021. Worden will succeed Cliff Sifford.
Nike’s Q3 Impacted By Supply Chain Bottlenecks
Nike Inc. reported a significant year-over-year gain in earnings on a 3 percent revenue gain. Earnings topped analyst estimates but sales came in well short. North America revenues declined 11 percent on a currency-neutral basis, largely driven by inventory delays due to container shortages and U.S. port congestion.
Ecco’s Sales Drop 20 Percent In 2020
Ecco reported sales of €1.092 billion for 2020, down 19.7 percent from €1.36 billion a year ago.
Dunham’s Sports To Open In Mason City
Dunham’s Sports announced it would be opening a store in Mason City, IA this summer, bringing up to 40 new full-time and part-time jobs to the community.
Nordstrom Launches Livestream Shopping Program
Nordstrom will begin hosting a series of live streaming events, where store employees or brand partners will showcase certain products on video.
3DLOOK Announces $6.5 Million Series A Round
3DLOOK announced that it has raised $6.5 million in Series A funding, led by Almaz Capital with participation from TMT Investments and Zubr Capital. The investment brings the online body measurement start-up’s total fundraising to date to $11.2 million.
Evo To Open Two Satellite Stores This Summer
Seattle-based outdoor and action sports retailer Evo has announced it will open satellite stores at Snoqualmie Pass in Washington and in Hood River, Oregon this summer.
February Retail Sales Slide
The U.S. Census Bureau said overall retail sales in February were down 3 percent seasonally adjusted from January but up 6.3 percent year-over-year. That compares with a monthly increase of 7.6 percent and a yearly gain of 9.5 percent in January.
Hunter Boots Appoints CEO
Hunter, the British boot brand, appointed Paolo Porta as CEO. He has been holding the position on an interim basis since replacing Vincent Wauters in June 2020.
La Sportiva Appoints New General Manager
La Sportiva has appointed Marcello Favagrossa as general manager of the Italian brand.
Caleres Posts Q4 Loss On Charges, Sales Down 18 Percent
Caleres, the parent of Famous Footwear, reported sales declined 18.3 percent in the fourth quarter and 27.5 percent for the year.
JD Sports To Open First Store In Canada
The JD Group, based in the U.K., announced plans to open its first JD Sports store in Canada in the second half of 2021.
Designer Brands’ Q4 Same-Store Sales Slide 20 Percent
Designer Brands Inc., the parent of the DSW footwear chain, reported a loss in the fourth quarter ended February 1 as same-store sales declined 20 percent.
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