Keen Launches Radical New Boot, Targhee IV with Keen.Fusion
Keen.Fusion creates a “mechanical bond stronger than glue using heat and pressure to fuse the sole and upper of the boot together into one piece.
EXEC: Levi Strauss Gets DD Lift from Beyond Yoga in Q1; Exits Footwear
Revenues from e-commerce grew 13 percent on a reported basis and 12 percent on a constant-currency basis, reflecting double-digit growth across the Levi’s and Beyond Yoga brands.
Crossover Culture Upgrades Court Presence With Fortune and Fatale
Crossover Culture released the Fortune and Fatale, two new basketball sneakers using its proprietary Ghost Foam technology.
VF Corp. To Roll Out 300 Additional Mono-Brand Retail Stores
The parent company of Vans, TNF, Timberland, and other active lifestyle brands engaged with Dubai-based global retail conglomerate GMG to expand its retail network across the Middle East, North Africa, and Southeast Asia markets over the next five years.
Christy Sports Shuttering All New Mexico Stores
Christy Sports operates six stores in New Mexico, including four in Taos Ski Valley under the banners Cottam’s, Alpine Xtreme and Bootdoctor’s. One location in downtown Taos is under Cottam’s, and there is one seasonal Cottam’s in Santa Fe.
Tommie Copper Acquires Profoot Footcare Device Division
This strategic carve-out acquisition is expected to integrate Profoot’s innovative device portfolio and technology into Tommie Copper’s pain management offerings, continuing its focus on pain relief solutions for foot pain.
Bridging DTC and Wholesale: Your Brand’s Path to Sales
Discover how blending DTC and wholesale strategies with a dash of tech can boost your brand’s sales and market presence.
EXEC: Sportsman’s Warehouse Kicks Off ‘Spring Reset’ to Clean Inventory, Grow Sales
Wall Street reacted positively to the planned changes, and the Q4 earnings beat as SPWH shares surged 21 percent on Thursday, closing at $3.79 a share. The inventory reduction efforts were said to be $10 million better than planned.
Consumer Confidence Index Flat in March, but Outlook Index May Signal Trouble Ahead
The Consumer Confidence Index was 104.7 in March, essentially unchanged from February. But the Expectations Index, based on consumers’ short-term outlook for income, business and labor market conditions, fell to 73.8, which is in recession territory.
NRF: Economy Remains ‘Sturdy’ Despite Forecast for Slower Growth
Adjusted for inflation, GDP is expected to grow about 2.3 percent year-over-year, slower than last year’s 2.5 percent but still strong enough to sustain job growth that drives consumer spending.
Sportsman’s Warehouse Posts DD Same-Store Sales Decline in Q4; Swings to Loss
The retailer reported lower-than-expected Q4 sales for the 14-week period ended February 3, but indicated it was successful in reducing excess inventory. Same-store sales decreased 12.8 percent on a 13-week comparable basis.
G/Fore Arrives in the Big Apple
The pop-up retail space at 536 Madison Avenue is said to be consistent with the company’s locations in Scottsdale, AZ and Palm Beach, FL.
Oros Labs Secures $22M in Series B Funding
The thermal solutions company serves an array of dual-use applications. The funding round was led by Airbus Ventures.
Skechers signs Albert Pujols as Brand Ambassador
Skechers signed former Cardinals and Angels MLB player Albert Pujols as its latest brand ambassador. The two-time world champion and future Hall of Famer, will star in a Spanish-language campaign designed to educate fans about Skechers Hands Free Slip-ins.
Puma to Open Puma Studio in Los Angeles in Early 2025
Puma Studio, when complete, will be a creative space that brings the brand’s design and marketing teams closer to the most influential communities and celebrities to inspire products and campaigns for the strategically important U.S. market.
