SGB Executive

Puma’s Recovery Gains Further Momentum

Sales in the third quarter jumped 10.8 percent on a currency-adjusted basis, driven by a 17-percent hike in footwear in addition to celebrity partnerships.

Rocky Brands Sees Some Stabilization In Q3

The boot manufacturer indicated that inventory levels, which had been inflated due to last year’s warm winter, began to normalize in the third quarter and at-once orders are finally picking up.

Why The North Face And Timberland Are Trimming Inventories

Despite last year’s warm U.S. winter looming large as VF Corp. trimmed its full-year 2016 forecast and reduced inventories, larger forces are also in play, including the recent rash of retail bankruptcies and shifting consumer habits.

Skechers Q3 Hit By Domestic Weakness

A decline in the footwear brand’s domestic wholesale sales, attributed to U.S. retail bankruptcies and some trend shifts, could signal a bumpy ride for active lifestyle brands in the third quarter.

Wolverine Struggles To Find Growth  

Citing a “tepid” and “grossly over-stored” U.S. retail market as well as challenges at its Merrell brand, the footwear company slightly reduced its sales outlook for the full year.

Campfire Capital Lands Another Investor

The venture capital firm, which is backed by former and current Lululemon Athletica Inc. executives, has raised an undisclosed sum from Canada’s BDC Capital.