EXEC: Foot Locker Finds Progress with Lace-Up Strategy
Shares of Foot Locker, Inc. rose about 16 percent Wednesday after the sneaker juggernaut reported better-than-expected third-quarter results, encouraging sales trends so far in the fourth quarter and what Mary Dillon, president and CEO, hailed as several “early wins” in the company’s Lace Up transformation program.
Paris Saint-Germain to Relocate to Larger New York City Flagship
Paris Saint-Germain and its partners, Fanatics and Lids, announced plans to move its New York City flagship to a premium location at 535 5th Avenue on December 15 to build on the success of its first Manhattan flagship, at 587 5th Avenue, which opened in March 2022.
Craft Sportswear NA Sees CEO Transition as HQ Moves West
Craft Sportswear North America plans to move its U.S. headquarters from Beverly, MA, to Seattle, WA, in 2024 to “bolster the brand’s expansion in outdoor and specialty retail, all while streamlining operational efficiencies.” Cutter & Buck exec Jake Rawson has been named the new CEO for Craft North America.
Caleres Appoints SVP of International
Caleres announced that Erica Mackoul joined the company as senior vice president of international. Most recently, she worked at Cole Haan.
StockX Sets New Single-Day Trade Record on Black Friday
StockX reported strong results over the four-day Cyber Weekend, setting a new single-day trade record and averaging more than one trade every second on Black Friday. Brands receiving attention from buyers included Jordan, The North Face, Ugg, New Balance, and Fear of God.
Hudson Bay Appoints New President and CEO
Hudson’s Bay appointed Liz Rodbell as president and CEO of the Canadian retailer, effective December 1. She succeeds Sophia Hwang-Judiesch, who is stepping down as president to pursue another opportunity.
New Balance Opens Second UK store in Westfield White City
New Balance opened a second retail store in the UK, this time in Westfield White City, on November 27. The retail concept puts people, rather than products, front and center, to inspire each other and find their “authentic” style.
Foot Locker Tops Expectations in Third Quarter
Foot Locker, Inc. reported a significant drop in earnings in the third quarter on an 8 percent same-store sales decline but both earnings and sales topped analyst expectations amid progress on its Lace Up turnaround plan. For the year, the sneaker retailer slightly lowered its EPS guidance while slightly raising its sales targets.
JD Sports and Finish Line Introduce Same-Day Delivery
JD Sports and its sister retailer, Finish Line, announced plans to launch same-day delivery across its more than 500 stores in the U.S.
Macy’s Taps Former Caesars Exec as Marketing Chief
Macy’s, Inc. announced that Sharon Otterman was named chief marketing officer of Macy’s. Most recently, she was the CMO at Caesars Entertainment.
NRF: Thanksgiving Holiday Weekend Sees Record Number of Shoppers
A record 200.4 million consumers shopped over the five-day holiday weekend from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million, according to the annual survey released by the National Retail Federation. The figures surpassed NRF’s initial expectations of 182 million shoppers by more than 18 million.
Report: Online Apparel Sales Nearly Triple on Cyber Monday
Consumers spent a total of $12.4 billion on Cyber Monday, November 27, according to final Adobe Analytics data, up 9.6 percent from $11.3 billion on Cyber Monday 2022, which was the previous single biggest online spending day of all time.
Academy Sports Opens Seven New Stores in November
Academy Sports + Outdoors opened seven new stores in five states in November 2023 to complete its fiscal 2023 new store planned openings. The retailer opened 14 new stores in fiscal 2023 and plans to expand to reach its goal of opening 120 to 140 new stores by the end of 2027.
New Balance to Sponsor Australian Open
New Balance signed an agreement to become the official Performance Apparel and Footwear supplier to the Australian Open and United Cup.
Schoeller Textil Appoints Western Regional Sales Manager
Schoeller Textil AG announced that Brett Jacobson had joined its North American team as western regional sales manager.
