SGB Footwear

BEA Report Confirms Strong Recovery For Outdoor Recreation Industry

Inflation-adjusted GDP for the outdoor recreation economy increased 18.9 percent in 2021, compared with a 5.9 percent increase for the overall U.S. economy, reflecting a rebound in outdoor recreation after the decrease of 21.6 percent in 2020, according to new analysis released by the U.S. Bureau of Economic Analysis (BEA).

HanesBrands Lowers Guidance On Macro-Related Challenges

HanesBrands, Inc. reduced its sales and earnings outlook due to “increased macro-related challenges within the global operating environment.”  Third-quarter earnings came in line with expectations despite global Champion sales decreasing 9 percent on a currency-neutral basis.

Imports Slow As Holiday Season Ramps Up

Imports at U.S. container ports continue to slow from the records set earlier in 2022, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.

RunSignup Sees Race Registration Improving

RunSignup in an October industry update said aggregated registration data continue to show signs of gradual improvement for the endurance race industry after the long-tail effects from the pandemic.

Kohl’s CEO Steps Down To Take President Role At Levi Strauss

Michelle Gass, CEO of Kohl’s, is stepping down early next month to become the president of Levi Strauss & Co. Levi’s said Gass would start work and join its Board on January 2. The Board began a succession plan for her to succeed Chip Bergh as president and CEO in the next 18 months.

Breaking: Arne Freundt Takes Reins Of Puma SE

The Supervisory Board of Puma SE has decided that Arne Freundt, Puma’s chief commercial officer, will become chairman of its Management Board and CEO of Puma SE effective immediately after announcing that Bjørn Gulden would become CEO of Adidas AG.