Taos Footwear Gets $65 Million Influx, Loans from Investment Firm
Prospect Capital Corp. has provided a first lien senior secured term loan, a first lien senior secured convertible term loan and a preferred equity investment to Taos Footwear Holdings, LLC in collaboration with the company’s founder and leadership team.
Cole Haan Opens Store in Flatiron District, its Third Location in New York City
The store is in a 1904 Neo-Renaissance landmark building. The company said the 1,622-square-foot retail space represents the company’s global store expansion initiative.
Nordstrom, Inc. Plans to Open New Rack Store in Lake Grove, NY
The new retail location expands the company’s physical footprint and economic impact in New York, where it currently operates five Nordstrom stores and 10 Nordstrom Rack stores, generating over 1,900 jobs statewide.
Ortholite Appoints Commercial Director for OrthoLite India
Pankaj Kumar joins OIN in its newly expanded manufacturing facility in Ambur, Tamil Nadu, India, which “enables increased capacity to two million pairs of insoles per month.”
Report: Flat U.S. Footwear Retail Sales Led by Sport Lifestyle Growth in 2024
Circana reports that U.S. footwear industry sales totaled $89.2 billion in 2024, a flat performance year-over-year, with the sport lifestyle category generating $31 billion in sales to lead all categories for the year.
EXEC: Boot Barn Raises Fiscal 2025 Guide After Strong Holiday Season
Consolidated same-store sales increased 8.6 percent, with retail store same-store sales increasing 8.2 percent and e-commerce same-store sales increasing 11.1 percent.
Outdoor Retailer and Surf Expo Parent Re-Works Term Loan and Revolver
A portion of the proceeds of the Term Loan Facility were used to refinance all existing loans outstanding under Emerald’s previous senior secured credit facilities, and to pay costs and expenses in connection with the refinancing.
EXEC: Hoka Growth Trend Concerns Sends Deckers Brands Shares Down Double Digits
Net sales increased 17.1 percent to $1.83 billion compared to $1.56 billion in the prior-year Q3 period. On a constant-currency (cc) basis, net sales increased 16.6 percent. Analysts were expecting growth of 11.6 percent, a clear beat.
Arc’teryx Makes Three Strategic Leadership Appointments
Industry veteran Matt Bolte has been named chief merchandising officer, with Marissa Pardini as general manager and Ben Stubbington as creative director of its Veilance brand.
Tractor Supply Inks Licensing Deal with Field & Stream
Tractor Supply will launch the first Field & Stream collection in June. Over time, Field & Stream products will include gun safes, hunting blinds, deer feeders, game cameras, and more.
Wilson Launches Female-Specific Tennis Shoe
“The Intrigue redefines what it means to play fast, and it will undoubtedly give women tennis players the bold advantage they need to dominate on-court.” —Gordon Devin, President, Wilson Sportswear
REI to Relocate Eugene Store to Oakway Center
The Oakway Center space will be one level and nearly 10,000 square feet larger than the current store with larger product assortments, improved dressing rooms and ample warehouse space. The 41 employees that work at the store can relocate to the new location.
EXEC: Inside the Improving Vans Performance and Turnaround Story
Sharp declines in Asia heavily impacted the 8 percent decline for the Vans brand in Q3 but also represented an improvement against the year-to-date period that saw reported sales down 13 percent in constant-currency terms.
EXEC: VF Corp. CEO Hints at More Cuts Ahead While Improving Processes
Bracken Darrell said the company is already working on process and organizational changes that will contribute to unlocking another $500 million to $600 million in operating income expansion, with half of that coming from SG&A expenses alone.
EXEC: VF Corp. Sees Global Strength From TNF and Timberland; Vans Improves
The parent of the Vans, The North Face, Timberland, Smartwool, Jansport and Dickies active lifestyle and street lifestyle brands, reported Wednesday that it beat third-quarter revenue and profit estimates.
