Columbia Sportswear announced that Thomas Cusick, EVP and COO, plans to retire. In accordance with pre-established transition plans, Lisa Kulok, SVP, global supply chain operations and manufacturing, and Jim Swanson, SVP AND CFO, are promoted to EVPs.
Category: Footwear
U.S. Footwear Sales Expected To Stabilize; Bounce Back In 2021, According to NPD
Lifestyle changes and consumer behavior shifts in 2020 due to COVID-19 have driven year-over-year sales declines for the U.S. footwear industry, but trends are expected to stabilize and recover through 2021, according to The NPD Group’s outlined in its Future of Footwear Report. Improved fashion footwear and performance sales are forecasted to lead to increased dollar sales […]
JCPenney To Emerge From Chapter 11 Under New Owners
JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Simon Property Group and a majority of its lenders in a move that’s expected to enable the department store chain to emerge from bankruptcy proceedings before the holiday selling season.
Nike Extends Sponsorship Of University Of New Mexico
Nike signed a new three-year contract to continue as the uniform and team gear provider to the University of New Mexico. Nike has worked to partner with the University since reaching an all-department contract in 2008.
Genesco Appoints Board Member
Genesco Inc.announced that John F. Lambros has been appointed to its board of directors.
Academy Sports Prices Notes
Academy Sports and Outdoors Inc. priced a private offering of $400 million aggregate principal amount of 6.000 percent senior secured notes due 2027.
CODI’s Q3 Revenues Expand 8 Percent
Compass Diversified (CODI) reported net revenues increased 7.9 percent in the third quarter ended September 30 to $418.9 million, as compared to $388.3 million a year ago.
Boot Barn’s Q2 Comps Decline 5 Percent
Boot Barn Holdings reported net sales decreased 1.4 percent in the second quarter ended September 26, to $184.5 million. Same store sales decreased 5.1 percent, comprised of a decrease in retail store same store sales of 9.1 percent and an increase in e-commerce sales of 17.6 percent.
Dick’s SG Opens Calia Pop-Ups
Dick’s Sporting Goods announced the opening of three temporary pop-up-shop locations for Calia by Carrie Underwood.
Inside The Call: Puma’s Sales Rebound in Q3
Puma’s revenues recovered after posting a decline in the second quarter due to COVID-19 restrictions, climbing 13.3 percent on a currency-neutral basis. The gains were led by the Americas, up 20.7 percent on a currency-neutral basis; and EMEA, ahead 17.7 percent.
Axion Brand Relaunches; ‘Speaks Louder Than Words’
Owners Eric Stalker and Partner and President Steve Harden announced that the Axion footwear brand has returned to the category.
SIA’s Snowbound Festival Debuts Website; Announces Dates For Upcoming 2021 Winter Shows In New England And Rockies
In celebration of the upcoming winter season, Snowsports Industries America (SIA) debuts the first phase of its Snowbound Festivals consumer platform with the launch of its new website Snowboundfest.com. An integral part of the overall Snowbound Festivals strategy is its online platform connecting consumers with brands, resorts and retailers. Phase two of the Snowbound Festival […]
Puma’s Q3 Earnings Climb 13 Percent
Puma reported net earnings rose 13.0 percent as sales recovered to show a 13.3 percent gain on a currency-neutral basis. Cost-control measures also helped offset margin pressures. Puma again declined to provide a full-year outlook due to uncertainty in the marketplace around COVID-19.
Oomphies Appoints Sales Director
Oomphies announced it has added Debbi Laubsch as Sales Director. In this role, Laubsch will oversee large retail accounts and work to expand Oomphies’ sales team. “Oomphies is thrilled to welcome Debbi to our team. She has an incredible range of experience in this industry, and we are confident that her presence will invigorate our […]
Kohl’s To Open Wellness Markets
Kohl’s will test a new in-store shop concept, Wellness Market, in 50 stores and online. The market, which will stock such items as green cleaning products, baby wipes and vitamins, is designed to appeal to consumers who view their health and wellness as a priority.
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