Steve Madden Posts DD Revenue Increase on Boost from Almost Famous in Q3
Steven Madden, Ltd. reported third quarter revenue increased 13.0 percent to $624.7 million, compared to $552.7 million in the Q3 period of 2023. Revenue for the Wholesale business was $495.7 million, a 14.4 percent increase compared to the third quarter of 2023. Excluding the newly acquired Almost Famous, Wholesale revenue increased 4.8 percent. Gross profit […]
EXEC: SportChek’s Q3 Retail Sales Grow and Helly Hansen Declines for Parent Canadian Tire
SportChek retail sales increased 2.0 percent year-over-year and comparable sales were up 2.9 percent for the quarter, marking two consecutive quarters in which SportChek outperformed industry trends.
Merrell and Saucony Post Above-Plan Q3 Sales; Parent Lifts FY Guidance
Wolverine World Wide, Inc. raised its revenue and earnings guidance for the year after sales in the third quarter, which exceeded company expectations, driven by above-plan performances from Merrell and Saucony. Gross margins expanded 450 basis points on significantly lower inventory levels.
EXEC: Puma Eyes Boost from Low-Profile Footwear Trend
Puma’s growth accelerated in the third quarter to a 5 percent currency-adjusted (ca) gain from 2.1 percent in the second quarter, led by a recovery in footwear demand. Arne Freundt, CEO of Puma, said on a media call, “I’m very confident to say that we are leading the low-profile trend.”
Allbirds Resets Distribution Agreements for Europe and Latin America
Allbirds, Inc. signed distribution agreements with Chris Sports in Europe and Wystam in Latin America. The company has now signed distribution agreements with 11 companies globally.
Allbirds’ Sales Decline 25 Percent In Third Quarter
Allbirds, Inc. logged a loss of $67.6 million in the third quarter as sales fell 25 percent, in line with guidance. The footwear maker slightly improved its earnings guidance for the year while lowering its sales targets.
Revolve Group’s Q3 Profits Surge On 10 Percent Sales Growth
The online fashion retailer reported adjusted earnings jumped 85 percent in the third quarter ended September 30 on a 10 percent revenue gain.
Kizik Appoints Nike Veteran as Design Chief
Andreas Harlow, a 22-year Nike veteran, joins the hands-free footwear brand after serving as VP/global footwear creative director for Jordan Brand for the last three years.
Vulcabras’ Q3 Sales Expand 7 Percent
Brazil’s Vulcabras reported sales increased 7.3 percent to R$784.6 million ($135 mm) in the third quarter with growth seen at its owned Olympikus brand as well as licensed Mizuno and Under Armour athletic footwear brands.
NRF Study Sees Sharp Increase in Cost to Consumers with Tariff Increase
The National Retail Federation is suggests in its latest study that U.S. consumers could lose between $46 billion and $78 billion in spending power each year if new tariffs on imports to the United States are implemented.
Bogs and Florsheim Parent Weyco Group Sees Q3 Profits Slide on DD Sales Decline
The parent company of the Florsheim, Bogs, Nunn Bush, and Stacy Adams brands reported third quarter revenues fell 12 percent year-over-year to $74.3 million. Earnings from operations totaled $10.2 million in the third quarter, down 18 percent.
ICSC Sets 2025 Transition Plan for Chief Operating Officer Role
International Council of Shopping Centers, is reporting that Whitney Livingston will join the trade association as chief operating officer in March 2025, succeeding Valerie Richardson, who plans to retire at the end of 2025.
Study: U.S. Consumers See Climate Change Top of Mind for the Future
The NIM Study found that Americans have a cautious eye on the future and challenges that are on the way despite more pressing issues that are having a tangible impact on their lives today.
Asics Neocurve: Model of Re-Use and Waste Elimination
Can we create something new from what we would otherwise throw away? Asics’ Neocurve proves that materials can have a second life reduce our environmental impact.
Puma Inhale: Two Designs, One Shared DNA
Blending inspiration from the future while drawing from Puma’s iconic heritage, the company introduces a progressive and futuristic approach to running with the Inhale and the AI-generated Inverse.
