Oboz Mourns the Passing of Founder John Connelly
On August 22, Oboz Footwear Founder and outdoor industry luminary John Connelly passed away following a long battle with various cancers.
Kohl’s Corporation Ups Full Year Earnings Outlook After Q2 Earnings Beat
The retailer saw net sales decrease 4.2 percent year-over-year, with comparable sales down 5.1 percent year-over-year, but it also posted a 13 percent increase in earnings driven by GM expansion and strong inventory and expense management.
EXEC: Foot Locker Exiting New York for Sunnier Environs; Shakes Up Europe and Asia Model
Foot Locker Inc. is pulling up stakes in New York City and moving to St. Petersburg, FL in 2025. The company plans to maintain only a limited presence in New York City going forward.
Foot Locker Inc. Sees Core Foot Locker Banner Comps Grow 5.2 Percent in Q2
Comparable sales increased by 2.6 percent for the quarter, led by 5.2 percent growth in global Foot Locker and Kids Foot Locker comparable sales. The second-quarter net loss was $12 million, compared to a $5 million net loss in Q2 last year.
EXEC: Sports Direct Parent Invests in Australian Sportstyle Retailer
Frasers Group plc, the parent of the UK-based retailer Sports Direct, has acquired a 14.65 percent strategic investment in Accent Group Ltd., a retailer in the performance and lifestyle market in Australia and New Zealand.
Puma Promotes Indy Sen to SVP Puma Group Sourcing
Sen assumes the operational responsibilities of the chief sourcing officer, replacing Anne-Laure Descours, who is not extending her board contract and will instead support Puma as an external sustainability advisor.
Nordstrom, Inc. Gets Lift from A-Sale Timing and Active in Second Quarter
Nordstrom said active, women’s apparel, beauty and kids had the strongest growth versus 2023. During the Anniversary Sale, the top growing categories were beauty, active and home.
EXEC: Saucony and Merrell Post H1 Surge in China as Xtep Takes Full Control
Saucony and Merrell are now operating under a licensing model in China, and housed within Xtep International’s new Professional Sports segment of business, representing 8.2 percent of total revenues for the company.
Citi Trends Posts Wider Q2 Loss as Retailer Moves to Clear Inventories
The retailer said it is swiftly capitalizing on two distinct opportunities: enhancing the ‘treasure hunt’ experience by securing branded goods at incredible values while also increasing the penetration of opening price point goods.
Trederra Footwear Outsoles Made From End-of-Life Recycled Tires
TRS will supply Trederra with CT-50 rubber powder which is manufactured using the patented TRS Water Pulse technology, a water-jet system that pulverizes tire tread into fine powder, derived from 100 percent end-of-life tires diverted from landfills and free from steel and synthetic fibers.
Swiftwick Adds Industry Vets to Management Team, Executes Brand Overhaul
Swiftwick has hired Katie Nguyen from Chaco as head of integrated marketing and James Osborne, who spent nearly two decades at Nike, to build the run specialty sales and community functions at the company.
On Opens Flagship Store in Milan
The roughly 5000-square-foot space on two levels aligns with the company’s expansion strategy, which operates 37 mono-brand stores in North America, Europe, and Asia, including 20 in China.
Adidas x Damian Lillard Unveil Dame 9 Signature Shoe with Bape Collab
Adidas Basketball showcased the latest iteration of the Dame franchise, the Dame 9, an extension of Damian Lillard’s signature shoe line. Adidas rounded out the shoe drop with a selection of apparel pieces. The limited edition collection will be available on August 31.
Bass Pro Shops to Open Outdoor World location in Lansing, MI
The 85,000-square-foot Outdoor World retail store will be in the Delta Crossing development and is expected to open in early 2026.
EXEC: Stifel BTS Survey Reflects Nike’s Fading Popularity at Store Level
New Balance, Adidas, Asics, and Vans all saw improved responses in the 17th Annual Back-to-School Report as Nike and Jordan “Most Popular” references fell to lowest level since the survey started.
