Report: U.S. Footwear Industry Sales Expected To Stabilize Through 2025
Following pandemic-fueled volatility since 2020, U.S. footwear industry sales are expected to stabilize over the next three years, according to The NPD Group.
The RealReal Announces Layoffs, Store Closings
In a regulatory filing, the RealReal, the luxury consignment website, said it plans to lay off seven percent of its workers and close two flagship stores, two neighborhood stores and two consignment offices as part of a cost-savings plan.
UNC Charlotte Re-Ups With Nike And BSN Sports
The University of North Carolina at Charlotte (UNC) extended its partnership with Nike and BSN Sports. BSN Sports remains the official apparel and equipment provider to the 49ers’ athletic program while outfitting the University’s athletes, coaches and staff in Nike product.
SportChek Sees Slight Q4 Sales Decline, Helly Hansen Climbs Double-Digits
Canadian Tire Corporation, Ltd. reported same-store sales at its SportChek segment were down 1.7 percent in the fourth quarter while revenues of Helly Hansen grew 20.6 percent.
Crocs Q4 Revenues Surge 61 Percent; Beats Analyst Targets
Crocs, Inc. reported earnings rose 23 percent in the fourth quarter ended December 31. Sales surged 61 percent with a boost from the acquisition of Heydude. Sales of the Crocs brand grew 14.9 percent. Earnings topped analyst estimates.
January U.S. Retail Sales Rebound; Sporting Goods Up 6.9 Percent
U.S. retail sales jumped a seasonally adjusted 3 percent in January from December, the largest monthly increase in nearly two years after declines in the final two months of last year, the Commerce Department said Wednesday.
Fleet Feet Store Opens In Harrisburg
Fleet Feet opened its second location in central Pennsylvania this past week in Harrisburg, PA.
Neiman Marcus Undergoes Layoffs, Realigns Leadership Team
Neiman Marcus Group reported that it plans to lay off about five percent of its employees, or around 500 employees, as “part of a strategic realignment” while making changes to its leadership team.
Famous Footwear Parent Sees Fiscal 2022 Sales Up 7 Percent
Caleres reported that after a stronger-than-expected holiday performance and continued demand for its brands, the company provided preliminary, unaudited fiscal 2022 consolidated sales and earnings per share range that exceeded its expectations.
Bass Pro Ramps Up Expansion With Plans For Three Openings
Bass Pro Shops reported plans to open three stores in Spring, TX; Niles, OH; and Clifton Park, NY.
Snipes And DJ Khaled Partner On New Concept Store
Snipes has partnered with rapper DJ Khaled on a new concept store—We The Best Snipes—located on Collins Avenue in Miami, FL
Decked Hires Mountain Sports Manager
Decked hired Scott Hibbert as director of community marketing and mountain sports manager. Hibbert brings 15 years of marketing experience to support the brand’s growth.
Oboz, Rip Curl Parent Sees Strong Double-Digit Growth In Fiscal H1
KMD Brands Limited, the New Zealand-based parent company to the Kathmandu, Oboz and Rip Curl brands, reported that sales momentum has continued into its fiscal second quarter ended January 31, resulting in “record first-half sales.”
Adidas Hires VP Of Basketball Footwear
Adidas hired Nathan VanHook as VP of design for its basketball division.
Under Armour Debt Rating Outlook Lowered
S&P Global Ratings revised its outlook on the debt ratings of Under Armour to stable from positive as the company’s operating performance has weakened, leading S&P to expect soft demand and margin pressure to last longer than previously anticipated.
