How OrthoLite’s Vertical Integration Structure Is Paying Off For Footwear Brands
Sponsored Content—”OrthoLite is coming off of two back-to-back, record-setting years. Thanks to a vertically-integrated organizational structure, which the company initiated in 2007, OrthoLite has reliably provided over 400 brand partners with uninterrupted, on-time deliveries.”
Olympia Sports Files For Bankruptcy Protection To Liquidate Remaining Stores
Maine-based Olympia Sports Acquisitions, LLC filed for Chapter 11 protection with plans to liquidate its remaining 35 stores, citing poor sales, online competition and residual problems from the COVID-19 pandemic.
Hudson’s Bay Appoints President
Hudson’s Bay announced that Wayne Drummond is retiring from the company, and it hired Sophia Hwang-Judiesch as president, effective September 19, 2022.
Lands’ End’s Q2 Sales Decline 9 Percent
Lands’ End, Inc. reported a net loss in the second quarter ending July 29 as sales slid 8.6 percent. Results exceeded guidance but the outlook for the year was lowered.
USA Skateboarding Appoints CEO And President
USA Skateboarding appointed Johnny Schillereff as chief executive officer and president.
Bangor’s Epic Sports To Close
According to the Bangor Daily News, Epic Sports, based in Bangor, ME, plans to close the store this fall after 25 years in business.
On Launches Online Trade-In Program
On, the Swiss running brand, announced the launch of a new resale site and online trade-in program
Belk Names Chief Executive Officer
Belk announced that Don Hendricks has been named chief executive officer of the department store chain. Hendricks has served as interim CEO since May 2022 and previously served as president and chief operating officer.
SeaJack Acquires Kengos
SeaJack announced it acquired Kengos, a plant-based and adhesive-free footwear maker based in Brooklyn, NY.
Oofos Receives Investment From Derek Carr
Oofos said Las Vegas Raiders Quarterback, Derek Carr, has invested in the recovery footwear maker as part of a multi-year partnership that also sees Carr as a brand ambassador.
The North Face Confirms Cyberattack
The North Face confirmed that its website, thenorthface.com, was impacted by a large-scale “credential stuffing attack” that resulted in the hacking of 194,905 customer accounts.
Import Slowdown Continues As Fed Tries To Rein In Consumer Demand
With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation.
Erem Hires Vice President, Operations And Wholesale
Erem, the hiking boot company, recently hired Chris Rischke as vice president of operations and wholesale, effective immediately. Most recently, he was director of operations at Oboz for five years.
Zumiez Q2 Falls Short Of Guidance
Zumiez Inc. reported sales were down 18 percent in the second quarter ended July 30 and fell by the same amount in August. Second-quarter results were well below company guidance. Rick Brooks, CEO, said, “We are disappointed that our recent performance fell short of expectations and we are making adjustments to our merchandise assortments and managing expenses in order to improve near-term results.”
Original Footwear Company Names CEO
Original Footwear Company, the maker of tactical footwear, named Mark Cavanaugh as CEO, succeeding Founder Kevin Cole, who will remain on its Board of Directors.
