The storefront, located on the Magnificent Mile, will close on July 24, after two decades, “due to the changing retail landscape on the Magnificent Mile.”
Category: Footwear
Arc’teryx, Atomic, Keen, Vuori, and Gregory Top REI Vendor Partner of the Year Honors
Established in 1993, REI’s Vendor Partner of the Year awards program “honors brand partners that demonstrate remarkable philosophy and partnership with the co-op and that drive impact for the outdoor industry.
EXEC: Asia FW Factories Post Weaker Shipment Volumes in May 2025
Yue Yuen manufacturing revenue growth flattened to only a 0.5 percent year-over-year in May 2025, a sharp deceleration from the April 2025 trend. Feng Tay’s May year-over-year shipment decline cycled against strong double-digit growth in May 2024.
Academy Sports and Outdoors, Inc. Sees Profits Sink on Comp Sales Decline
Academy Sports and Outdoors, Inc. reported first-quarter earnings and sales that came in below analyst targets. The sporting goods chain widened its guidance for the year to account for potential additional pressure on earnings in the second half tied to inflation.
USTA Commits Another $5 Million to Grow Local Tennis Programs
The new program and funding are in addition to $10 million in grant monies earmarked to expand the USTA’s facility grant program, which supports local tennis infrastructure and was announced earlier this year.
EXEC: Topo Leads Parent’s Brands Portfolio on Strong Q1 Growth; DBI’s Brands DTC Fell
The parent company of DSW, The Shoe Co. and Rubino retail brands, and owner of Topo Athletic, Keds, Le Tigre, Hush Puppies, and other footwear brands, reported a “soft start” to 2025 amid an unpredictable macroeconomic environment and deteriorating consumer sentiment.
EXEC: Morgan Stanley Downgrades Lululemon on Weakening U.S. Growth Outlook
Morgan Stanley downgraded Lululemon Athletica to “Equal-weight” from “Overweight” on waning confidence in a recovery in the company’s core U.S. market.
EXEC Q&A: Dan Sheridan, CEO, Brooks Running
Sheridan, who was promoted to Brooks’ CEO last April, talks with SGB Executive about Brooks’ recent momentum, entry into lifestyle footwear category, the tariff playbook, as well as the health of the overall run industry.
NRF: Summer Import Cargo Forecast to Surge but Full Year is Expected Down
Ports have not yet reported numbers for May but Global Port Tracker projected the month at down 13.4 percent from April and down 8.1 percent year-over-year. Volume is expected to surge over the summer and then expected to drop sharply for the remainder of 2025, with large year-over-year declines seen partly because imports in late 2024.
Nordstrom Rack Plans to Open Locations in Texas and Georgia
Nordstrom announced plans to open two Nordstrom Rack locations in Flower Mound, TX (30,000 square feet) and Suwanee, GA (34,000 square feet) this fall. Nordstrom operates over 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations.
Dick’s SG Promotes Amanda Bonzo to VP Communications
Dick’s Sporting Goods promoted Amanda Bonzo to VP of communications. She joined Dick’s as senior director of communications in 2020 and took over as communications lead from former chief communications officer Peter Land in 2023.
Survey: What is the Price Increase Cutoff for Consumers to Drop a Purchase?
A recent survey conducted by ESW, compiled in “Impact of Tariffs on Purchasing Decisions,” reveals that 6 in 10 U.S. consumers will not absorb a 10 percent or greater increase in pricing at checkout due to tariffs.
Gearhead Outfitters Closes Store in Kansas
The closing of the Olathe store is part of a “broader strategic review” of the Arkansas-based, family-owned and operated retail company’s overall national footprint. The nearby Overland Park store will remain open.
Manchester United’s Commercial Revenues Expand 7 Percent In Fiscal Q3
The professional football club based in Manchester, England, reported commercial revenue for the fiscal third quarter ended March 31 was £74.7 million ($101 mm), an increase of 7.3 percent over the prior-year quarter.
Dick’s SG Seeks to Make Debt Exchange with Foot Locker as Part of Acquisition Deal
The U.S. retailer of sports equipment, apparel, footwear, and accessories, is offering to exchange its debt for Foot Locker’s $400 million outstanding debt as part of its pending acquisition.
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