Imports seen during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and remain at high levels as 2021 begins, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Category: Footwear
Crocs Guides Accelerated 2021 Revenue Growth of 20 percent to 25 percent
Crocs Inc. raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent.
VF Corp. Names Shanghai As New APAC Headquarters
VF Corp. announced a transformation plan for its Asia Pacific operations focused on evolving the region’s organizational design and footprint and building new capabilities to for the growth of its brands. Accordingly, VF will move the center of its brand operations from Hong Kong to Shanghai.
Tilly’s Sees Modest Comp Gain Over Holiday Period
Tilly’s Inc. reported same-store sales grew 2.7 percent for the nine-week period ended January 2. Comparable net sales in physical stores decreased by 12.4 percent while e-commerce net sales jumped 65.2 percent.
Boot Barn Sees Q3 Comps Climbing 4.6 Percent
Boot Barn Holdings Inc. said it expects both earnings and sales to top Wall Street’s consensus estimates in the third quarter ended December 26. Same-store sales returned to positive territory despite ongoing headwinds from COVID-19, and the chain’s e-commerce business remained strong.
Genesco Sees Comps Dip 3 Percent Over November And December
Genesco Inc. announced that comparable sales, including stores and direct sales, decreased 3 percent for the quarter-to-date period ended December 26, 2020. Same-store sales decreased 14 percent and sales for the company’s e-commerce businesses jumped 49 percent on a comparable basis.
SGB Media Reports Top Stories Of 2020
SGB Media has reported its Top 20 stories read online in 2020, with the Bass Pro acquisition of Sportsman’s Warehouse and related stories leading the charts. Overall, the SGBonline.com web site had a banner year in readership, recording over 2.5 million page views, a 20 percent increase over 2019.
Virtual PGA Merchandise Show Sets Announces Speaker Line-Up
The virtual PGA Merchandise Show, to be held from January 26 to 29, announced that speakers at its event will include Phil Mickelson, 2021 Ryder Cup Captains Steve Stricker and Padraig Harrington, PGA Champion Collin Morikawa, and CBS Sports’ Jim Nantz.
CriticalPoint Capital Completes Merger Of Shoes.com
Affiliates of CriticalPoint Capital LLC (CPC) announced it has completed the merger of the recently acquired Shoes.com business with CPC’s existing platform Running Specialty Group, operator of the JackRabbit, Olympia Sports and Clever Training footwear and athletic specialty retailers.
Academy Sports Partners With Major League Fishing
Major League Fishing announced Academy Sports + Outdoors as the latest sponsor of its 2021 MLF Cup events, including title sponsorship of the 2021 Heritage Cup.
The Buckle’s December Comps Expand 18 Percent
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended January 2, 2021, increased 17.9 percent.
Columbia Sportswear Adds Starbucks Exec To Board
Columbia Sportswear Co. announced that its board of directors appointed John Culver to serve as a director and member of its Compensation Committee.
Macy’s Reveals Locations To Close In 2021
Macy’s Inc. revealed the list of locations it expects to close this year, including 36 Macy’s stores and one Bloomingdale’s location.
Western Carolina Teams Up With Nike, BSN Sports
Western Carolina University Department of Athletics announced that it has entered a five-year partnership with Nike and BSN Sports.
Topgolf Plans To Develop Venues Across Southeast Asia
Topgolf Entertainment Group, alongside franchise partner TG SEA Development Pte., Ltd, Singapore (TG SEA), announced plans to develop Topgolf venues across Southeast Asia. TG SEA will introduce the Topgolf experience to multiple countries across the region including Singapore, Thailand, Malaysia, Vietnam, the Philippines and Indonesia.
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