SGB Executive Footwear
What Can JD Sports Bring To U.S. Sneaker Retailing?
While British retailers generally have a poor track record finding success in the U.S. retail marketplace, JD has the potential to create a strong number two beyond Foot Locker in U.S. sneaker retailing with its pending acquisition of Finish Line. That’s at least according to a few analysts in the U.K. who closely follow JD.
Retail 10-K Round-Up For 2017
A scan of just-released 10-K filings shows Under Armour’s sales fell sharply at both Dick’s Sporting Goods and Hibbett Sports in 2017, Adidas rebounded at Hibbett, Nike continued to dominate open-to-buys for Foot Locker and more insights into vendor allocations.
Aisle Talk Week Of April 2
Top headlines from the active lifestyle industry you may have missed this week.
Nike Admits To Diversity Shortcomings
Coming a few weeks after allegations of inappropriate workplace behavior led to changes in the executive ranks, Nike Inc. in a memo to employees admitted to shortfalls in hiring and promoting more women and minorities to senior-level positions.
Good News On Tariff Front For Apparel, Footwear, Outdoors Industries
Apparel, footwear and outdoors products weren’t caught directly in the crosshairs of the escalating trade war with China on Wednesday, allowing those industries to take a “deep sigh of relief,” said Matt Priest, president and CEO of the Footwear Distributors and Retailers of America.
Adam Sussman Talks Up Nike’s Digital Connections
At a keynote session at Shoptalk in Las Vegas, Adam Sussman, Nike’s chief digital officer, discussed the brand’s digital transformation and how Nike is tailoring its approaches to best connect with three distinct customer segments: the Weekend Runner, Style Shopper and Dedicated Sneakerhead.
Under Armour Gets Hacked
In another blow for the brand, Under Armour admitted that that as many as 150 million MyFitnessPal user accounts were compromised in February of this year. The incident stands as one of the biggest hacks in history.
Aisle Talk, Week of March 26
Top headlines from the active lifestyle industry you may have missed this week including VF Corp. appointed Steve Murray, pictured left, former President of Vans, to VP Strategic Projects.
Finish Line’s Profits Progress, Sales Retreat In Q4
While its sales recovery efforts took a step back, The Finish Line Inc. improved its underlying profitability in its fourth quarter ended March 3, thanks to inventory end expense controls. Results were in line with a forecast given three days ago when it surprisingly announced plans to merge with JD Sports, the U.K.-based footwear chain.
Shoe Carnival’s Q4 Benefits From Fewer Promotions, Women’s Leads Athletics
Shoe Carnival Inc. reported fourth-quarter earnings arrived at the top end of guidance due to a focus on lower promotions, but the move led to a dip in same-store sales. Adult Athletic comps were up low-single digits as strength in women’s athletic offset weakness in men’s basketball.
Oboz Looks To Secure Future With Kathmandu Partnership
In an interview with SGB Executive, John Connelly, president and founder of Oboz, said he expects the sale of the outdoor footwear brand to Kathmandu, the New Zealand-retailer, will support its international growth and provide a boost to its innovation and sustainability efforts.
JD Sports Looks To Take On Foot Locker In U.S. Market
In a shocker, JD Sports announced plans to enter the U.S. marketplace through the acquisition of the beleaguered sneaker chain Finish Line. Analysts said the merged retailer’s combined buying clout presents a new threat to Foot Locker.
Aisle Talk, Week of March 19
Top headlines from the active lifestyle industry you may have missed this week.
Nike Eyes North American Comeback
Aided by a strong response to new launches such as Nike React and Airmax 270, continued momentum in online sales and early success in pushing for further differentiation at its retail partners, Nike Inc. said its North America business is poised to return to growth mode.
Outdoor, Footwear, Fashion & Retail Industries Vocalize Opposition to Tariffs
It’s not China that will be punished for stealing American intellectual property but instead U.S. companies and consumers that will feel the effects of President Trump’s move to impose $50 billion in retaliatory tariffs on Chinese imports. That was the message Thursday from numerous trade associations that represent industries whose products might be affected by Thursday’s decision to move forward with the new tariffs.
