Scott USA Appoints Chief Marketing Officer
Matt Heitmann, who has held leadership roles at Signa Sports United, BMC, Canyon Bicycles, USA Cycling, and Backcountry, brings over 25 years of experience in business management, brand strategy, digital and growth marketing, customer service, e-commerce, and business operations, to the role.
EXEC: Yue Yuen Sees Improving FW Manufacturing but China Retail Still a Drag
The volume of shoes shipped during the first half period increased by 9.9 percent to 120.7 million pairs amid a “decent recovery trend” and a further normalized order book. Pou Sheng China retail decreased 12.7 percent to $1.38 billion in U.S. dollar terms for the first half.
EXEC: Footwear Factories Post Positive Growth Trends in July
Yue Yuen’s footwear manufacturing revenue jumped 22.0 percent year-over-year in July 2024 against a weak July last year while Feng Tay Enterprises reported footwear manufacturing revenues were up 3.2 for July, representing a slow down in YTD growth.
EXEC: Mizuno Corp. Fiscal Q1 Profits Expand DD on Solid Sales Growth
Sales in Japan remained robust in competitive sports including soccer, volleyball and racket sports, and sales in the work business remained strong. Non-Japan sales also continued to grow in products for competitive sports such as soccer, and lifestyle shoes.
CNBC/NRF Retail Monitor Reveals Lower Growth in July Core Retail Sales Trend
July’s increase of 1.7 percent was half the June trend, which showed a 3.4 percent increase y/y. Sporting goods, hobbies, music, and bookstores were up just 1.1 percent y/y, while clothing and accessory stores fell 4.8 percent.
University of Alaska Fairbanks Extends Partnership with BSN Sports and Nike
BSN Sports will remain the Nanooks’ official apparel and equipment provider, outfitting student-athletes, coaches and staff in Nike gear for multiple athletic seasons.
EXEC: Havaianas Brand Posts Strong Q2 Growth on Strong Brazil Sell-Through
Havaianas Brazil saw Q2 net sales grow 21.6 percent year-over-year, driven by a 21.5 percent increase in volumes sold. In the second quarter, the estimated sell-out for Havaianas Brazil was 3 percent higher compared to the year-ago Q2 period.
4RUN3, Massachusetts Run Specialty Store and Race Organizer, Shutters
4RUN3, which operated a running store in East Longmeadow, MA and a race management firm that organized races across western Massachusetts, recently filed for bankruptcy and has closed permanently.
PGA Tour Superstore Opens First Store in Michigan
The 42,000-square-foot store is significantly larger than the average 28,000- to 34,000-square-foot store for the chain in Novi, MI.
Rockport Secures Australia and New Zealand Distribution Partner
Rockport, acquired last year by Authentic in bankruptcy proceedings, retained Munro Footwear Group as its distribution partner for Australia and New Zealand.
Former JCPenney CEO, Mike Ullman, Passes Away
In addition to his extensive career leading U.S. and global businesses, Ullman had significant experience in government, academia and philanthropic work focused on health care for those disadvantaged, among other humanitarian initiatives.
Brunt Workwear Introduces the Sullivan Work Boot
The company’s first round-toe work boot with a 90-degree heel, addressing critical concerns in workplace safety highlighted by the American Academy of Orthopedic Surgeons
EXEC: Under Armour’s Shares Jump on Q1 Beat, Guidance Raise
Shares of Under Armour rose nearly 20 percent Thursday after the company notched a surprise quarterly profit before litigation-related charges as both gross margins and North America’s sales performance exceeded expectations. Under Armour slightly raised its outlook for the year.
NRF: Import Cargo Volume May Peak in August Ahead of Potential Port Strike
The contract between the International Longshoremen’s Association and the U.S. Maritime Alliance covering East Coast and Gulf Coast ports will expire on September 30. The ILA has threatened to strike if a new contract is not reached by then.
Elevate Textiles Names Head of Corporate Development and Strategy
Elizabeth K. Ren joins Elevate Textiles with over 20 years of experience in strategic planning, corporate development, investment banking, corporate finance, operations, and treasury. Her career has included key financial and executive positions across private and Fortune 100 companies, including Under Armour.
