SGB Footwear

Allbirds’s Co-Founder Tim Brown Transitions To Non-Executive Role

Allbirds said in a regulatory filing that Tim Brown had transitioned from co-chief executive officer to co-founder and chief innovation officer, a non-executive role. The change in Brown’s position was effective May 4. The eco-footwear manufacturer also announced in a separate filing that it terminated 21 corporate jobs.

Kizik To Open First Store

Kizik announced it is opening its first brick-and-mortar store near Salt Lake City, UT on May 19. The 1,293-square-foot space is located at Fashion Place Mall.

Dillard’s Q1 Flies Past Analyst Targets

Dillard’s, Inc. reported earnings declined 19.8 percent in the first quarter ended April 29 against difficult year-ago comparisons. Results came in well above analyst targets. Same-store sales slid 4 percent.

Nordstrom Names Chief Financial Officer

Nordstrom Inc. hired Cathy R. Smith as chief financial officer, effective May 29, 2023. Smith joins Nordstrom from Bright Health Group where she has served as chief financial and administrative officer since 2020.

JD Sports Fashion Appoints New Group CFO

JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, has appointed Dominic Platt as chief financial officer and as a member of the Board of Directors. He is expected to join the company later this year.

Timberland Opens New SoHo Flagship

Timberland opened a new flagship store in Manhattan’s SoHo neighborhood and launched its first U.S.-based membership program, The Community, across all stores and online.

The RealReal Narrows Q1 Adjusted Loss On Stronger Gross Margins

The RealReal, which claims to be the world’s largest online marketplace for authenticated, resale luxury goods, reported total Q1 revenue was $142 million, a decrease of 3 percent. Gross margins came in at 63.4 percent of revenues in Q1, a 12.1 percentage point improvement versus the year-ago period.

Wolverine Q1 Sales Slip Despite Momentum For Merrell And Saucony

Wolverine World Wide, Inc. reported sales declined 2.5 percent in the first quarter ended April 1 as strong double-digit gains for Merrell and Saucony were offset by declines at Sperry and its work footwear brands. Results were in line with guidance and Wolverine affirmed its guidance for the year.