February Retail Sales Rose Strongly Year-Over-Year
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said.
NRF Forecasts Annual Retail Sales To Increase In 2022
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022. The 2022 figure compares with 14 percent annual growth rate in 2021, the highest growth rate in more than 20 years. This year’s sales forecast is notably above the 10-year, pre-pandemic growth rate of 3.7 percent.
JCPenney Scores Exclusive With Airwalk
JCPenney debuted an exclusive footwear collection with Airwalk, the skate and lifestyle sneaker brand owned by Authentic Brands Group.
Erem Adds New Hires To Marketing Team
Erem, the sustainable desert performance footwear brand, has scaled up its team with four newly created positions to support its marketing efforts.
Shoe Carnival Reports Record Fourth Quarter And 2021 Results
Shoe Carnival reported fourth-quarter earnings more than doubled as revenues improved 23.4 percent to $313.4 million. Earnings reached $20.6 million, or 72 cents a share, against $7.4 million, or 26 cents, a year ago. The footwear off-pricer expects fiscal year 2022 net sales to increase 4 to 7 percent on top of the 36.2 percent net sales growth achieved during fiscal 2021.
Yue Yuen Returns To Profitability In 2021
Yue Yuen reported net income attributable to owners of the company of $115.1 million compared to a loss of $90.8 million for the previous year.
Honma Golf Appoints VP Of Sales
Honma Golf named golf industry veteran Chuck Couch as North American vice president of sales. He was most recently vice president of Mizuno USA’s running division from 2016 to 2021.
Inov-8 Appoints Global Category Manager, Cross Training
Inov-8 has hired Chris Melton as global category manager for cross training. He will also head up the distribution of its footwear and apparel for Central and South America.
Caleres’ Sales Expand 19 Percent In Fourth Quarter
Caleres reported significantly improved earnings in the fourth quarter as sales grew 19 percent. The parent of Famous Footwear achieved all-time record operating earnings and operating margins for the year.
GOA President Rich Hill To Depart Position in April
Grassroots Outdoor Alliance announced the departure of president Rich Hill, who gave the news to staff ahead of its annual board of directors retreat earlier this month stating he would leave his role in late April.
Qurate Retail Group Announces President And CEO Zulily
Qurate Retail, Inc. announced the appointment of Terry Boyle as president and CEO of Zulily.
Dick’s SG House Of Sport To Open In Minneapolis
Dick’s Sporting Goods announced plans to open its third Dick’s Sporting Goods House of Sport this coming May in Minnetonka, MN.
K-Swiss Appoints VP Of Marketing And Director Of E-Commerce
K-Swiss announced two new hires with the appointments of vice president of marketing, Anna Amador, and director of e-commerce, Kristina Barclay.
Sportsman’s Warehouse Appoints VP, Investor Relations
Sportsman’s Warehouse Holdings Inc. announced the appointment of Riley Timmer as vice president, investor relations and corporate development.
Yue Yuen’s Sales Fall In February
Yue Yuen reported consolidated operating revenue in February fell 14.1 percent to $648.6 million from $755.4 million a year ago.
