NPD: Clothing, Fashion Accessories, Footwear, And Beauty Lead Holiday Self-Gifting Options
Findings from an NPD Group survey, conducted in conjunction with partner CivicScience, found that among the consumers who plan to buy a gift for themselves during the holidays, half (51 percent) expected to buy apparel, followed by accessories at 35 percent, and beauty and footwear products at 31 percent.
Skechers Announces Changes To Its Board Of Directors
Skechers USA Inc. announced that Zulema Garcia has been named to its Board of Directors and appointed to serve on the company’s Audit Committee. The company also announced that four current members—Jeffrey Greenberg, Geyer Kosinski, Richard Rappaport, and Tom Walsh—have resigned from the Board bringing the total number of directors to seven.
Inside The Call: North America And Digital Power Nike To Q2 Beat
Nike Inc.’s fiscal second-quarter earnings and sales topped Wall Street’s expectations as strong momentum in North America helped offset a steep decline in China. The sportswear giant maintained its guidance for the full year. Major themes on Nike’s analyst call included continued hyper-growth in digital, the Nike One Place reset accelerating Nike’s direct growth, healthy full-price sales, and ongoing, but not-worsening, supply chain disruption.
Port Of Los Angeles Headed To Record Cargo Year
The Port of Los Angeles is on track to break a new record for cargo throughput in 2021, processing more volume than any port in the Western Hemisphere. With two weeks left in the year, the Port said it anticipates its final volume will be approximately 10.7 million Twenty-Foot Equivalent Units (TEUs), about 13 percent more than its previous record set in 2018.
Skechers Announces New Operations In The Philippines
Skechers announced that it has transitioned its operations in the Philippines from a third-party distributor to Skechers USA Philippines, Inc. to maximize its growth in the region.
Alpargatas To Buy Rothy’s Stake
Alpargatas SA, the Brazilian owner of flip-flop sandal maker Havaianas, reached an agreement to buy as much as 49.9 percent of sustainable footwear brand Rothy’s, Inc. Rothy’s earns a valuation of $1 billion with the transaction.
Nike’s Q2 Exceeds Wall Street Targets
Nike Inc. reported earnings for the second quarter ended November 30 rose 7 percent and easily topped Wall Street’s consensus target. Sales inched up one percent, led by Nike Brand Digital growth of 11 percent, while gross margins improved 280 basis points.
Reebok Secures Commitment From JD Group
Authentic Brands Group (ABG), which reached an agreement to acquire Reebok in August, announced a new strategic partnership with the JD Group (JD). Through the long-term agreement, JD will carry Reebok apparel and footwear in more than 2,850 of its company-owned stores and websites.
Shoe Carnival Announces New $50 Million Share Repurchase Program
Shoe Carnival Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock.
Dick’s SG Launches $2 Billion Stock Buyback Program
Dick’s Sporting Goods, Inc. said in a regulatory filing that on December 16, its Board of Directors authorized the repurchase of an additional $2 billion of the company’s common stock.
Mastercard: Holiday Shopping Survey Shows Consumers Prefer Online Shopping And Gift Cards
While consumers are returning to their in-store shopping routines, according to a recent Mastercard survey, 56 percent of shoppers have continued to prioritize online shopping this holiday season, citing waiting in lines (72 percent), finding parking (65 percent) and items being out of stock (47 percent) as primary reasons.
Buffalo Groupe Expands Business Development Team
Buffalo Groupe, LLC, a collection of agencies and media properties focused on golf, hired Dan Chelel as vice president and Andrea Cascia as senior director of business development.
USA Cycling Appoints New CEO
USA Cycling appointed cycling industry veteran and USA Cycling Chairman of the Board, Brendan Quirk, to be its next CEO, replacing Rob DeMartini.
Shoe Carnival Adds Same-Day Delivery
Shoe Carnival Inc. has launched same-day delivery, in partnership with DoorDash, a first in the family footwear channel.
Academy Sports Appoints Board Member
Academy Sports and Outdoors Inc. announced the appointment of Chris Turner to its Board of Directors and Audit Committee. With this change, Academy’s Board now comprises ten directors. Turner has served as the chief financial officer of Yum! Brands since 2019.
