EXEC: Report Sees Crocs, Hoka, New Balance, and On Increasing Teen Appeal
Crocs, Hoka, New Balance, and On were among the brands in the active lifestyle space that increased their appeal with teens in Piper Sandler’s 46th Semi-Annual Taking Stock With Teens Survey. Nike dominated teen mindshare in footwear and apparel but lost brand appeal in the performance category, while Adidas, Converse, Under Armour, and Vans ost ground with teens. Lululemon had a mixed performance.
Nordstrom, Inc. to Open New Rack Store in Mooresville, NC
The 28,000 square-foot Nordstrom Rack store is scheduled to open in the Mooresville Crossing shopping center in fall 2024.
REI Opens Distribution Center In Tennessee
REI Co-op started fulfillment from its new state-of-the-art distribution center in Lebanon, TN, supporting its steady growth in the Midwest and Southeast.
Oboz Footwear Adds Representation in South Central and Great Lakes
Oboz Footwear retained Powers Pedersen Sales Group and High Plains Outdoor Group for sales representation in the Great Lakes and South Central regions, respectively.
Rupert Campbell Leaving Adidas North America
The president of Adidas North America will step down to pursue other opportunities, effective October 27. Executive board member Arthur Hoeld, who leads global sales, will oversee the region until a successor is found.
OIA Elects New Board Members
Outdoor Industry Association (OIA) members elected four new and three incumbent members to its Board. New members include Diana Seung, Troy Sicotte, Jahmicah Dawes, and Keith Carrato. Three returning members include Jennifer McLaren, Kevin Winkel and Alison Hill.
RIA’s Runchella Rebrands to The RIA Summit
The Running Industry Association (RIA) announced it rebranded its annual member event to The RIA Summit, to take place from April 29 to May 2, 2024, at the Union Station Hotel in St. Louis, MO.
EXEC: On Snags Two Upgrades Following Investor Day Event
Shares of On Holding remained down slightly since the company’s Investor Day last week due, apparently, to concerns that On’s third-quarter results will miss estimates. However, two analysts upgraded On’s stock and a number of other upbeat reports arrived in recent days as most analysts were left impressed by its ambitious long-term growth strategy.
Nordstrom Appoints Chief Human Resources Officer
Nordstrom, Inc. hired Lisa Price as chief human resources officer, effective November 6. She joins the retailer from Domino’s Pizza, where she has been executive vice president and chief human resources officer since 2019.
NRI Opens New Distribution Center In Nevada
NRI, the third-party logistics provider supporting apparel, footwear and accessories sellers, opened a new distribution center in Henderson, NV.
Walmart Names VP, Walmart GoLocal
Walmart hired Rina Hurst as vice president of Walmart GoLocal, the retailer’s delivery service platform. Hurst joins Walmart from Shipt, where she was chief business officer.
Bloomingdales To Enter Seattle Market With Smaller Format Store
Bloomingdale’s reported it will enter the Seattle market in 2023 with its smaller format Bloomie’s store. This follows the store’s introduction in Chicago earlier in 2022, and in Fairfax, VA in 2021.
Report: Birkenstock Looks to Price IPO at Top of Range
Birkenstock Holding gained enough investor demand to price its initial public offering at the high end of its indicated price range and reach a valuation of $10 billion.
Hoka Opens First London Flagship
Hoka, owned by Deckers Brands, opened its first retail store in Europe at Shaftesbury Capital’s Covent Garden in London. The 1,750-square-foot space at 2-3 James Street sells the brand’s full line of footwear, apparel and accessories.
Puma SE CEO Sees Return to Growth in the U.S. in 2024
In an interview Friday with Euro am Sonntag, the news outlet, Puma CEO Arne Freundt said he expected Puma to return to double-digit growth in China this year and return to growth in the U.S. in 2024.
