Rothy’s Prevails In Infringement Lawsuit Against Birdies
Rothy’s Inc. announced that a federal court in the Northern District of California has entered a Consent Judgment in Rothy’s patent infringement lawsuit against Birdies, Inc., permanently enjoining and restraining Birdies from selling its infringing knit Blackbird shoes and any other products that infringe Rothy’s design patents asserted in the litigation.
August Retail Sales Supported By Job And Wage Gains Amid Continued Inflation
The National Retail Federation reported core retail sales, which excludes automobile dealers, gasoline stations and restaurants, grew 0.1 percent in August from July and were up 8 percent unadjusted year-over-year. Consumers’ willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices, the NRF said.
Eddie Bauer Partners With Itochu For Japan Expansion
Authentic Brands Group entered into a new partnership with Itochu to grow the Eddie Bauer business in Japan.
Mastercard: U.S. Holiday Sales Expected To Grow 7.1 Percent
U.S. retail sales, excluding automotive, are expected to increase 7.1 percent year-over-year this holiday season, according to the Mastercard SpendingPulse annual holiday forecast.
Rab, Lowe Alpine Names National Sales Manager
Rab and Lowe Alpine hired Peter McConkie as national sales manager. He was the national sales manager for Vasque Footwear.
Olympia Sports Retains Liquidators To Close Remaining 34 Stores
Olympia Sports, which filed for bankruptcy this week to support liquidation, hired SB360 Capital Partners, LLC as its exclusive consultant to conduct “Going Out of Business” sales in its remaining 34 stores.
Skechers Senior Vice President, Domestic Sales, To Retire
After nearly three decades with Skechers, Senior Vice President of Domestic Sales Rick Graham announced his retirement. Pete Calichman will replace Graham.
Railroad Strike Averted After Tentative Deal Reached
Railroads and workers’ unions reached a tentative labor agreement early Thursday, averting a national rail strike that threatened to shut a major segment of the U.S. transportation network.
Report: Steph Curry Nearing $1B Lifetime Contract With Under Armour
Steph Curry is poised to sign a lifetime contract with Under Armour worth “potentially more than $1 billion,” according to a report from Rolling Stone.
Patagonia’s Next Chapter
Patagonia announced new ownership today, nearly 50 years since Yvon Chouinard founded the business. Effective immediately, the Chouinard family has transferred ownership to two new entities—Patagonia Purpose Trust and the Holdfast Collective, with every dollar that is “not reinvested back into Patagonia be distributed as dividends to protect the planet.”
Emerald Receives Final Proceeds From Insurance Litigation Settlement
Emerald Holding, Inc. announced that it had received $149.25 million from its insurance litigation settlement for canceled events under its 2020 and 2021 event cancellation insurance policies.
Deloitte: Holiday Retail Sales Expected To Increase 4 Percent To 6 Percent
Holiday retail sales are likely to increase between 4 percent and 6 percent in 2022, according to Deloitte’s annual holiday retail forecast. In 2021, holiday sales grew by 15.1 percent in the same period.
Phoenix Footwear Group Delivers 3 Percent Revenue Gain In Q2
Phoenix Footwear Group Inc., the parent of the Trotters, SoftWalk and Bueno footwear brands, reported sales of $4.4 million in the second quarter ended July 2, up 3 percent from $4.3 million in the second quarter of 2021.
Yue Yuen’s Sales Surge 61 Percent In August
Yue Yuen Industrial (Holdings) Limited reported sales in the month of August rose 61.0 percent to $774.7 million from $481.2 million a year ago.
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.”
