EXEC: Caleres Brand Portfolio Sees Tough Q2 on SAP Update while Famous FW Improving
An ERP upgrade to SAP Cloud during the quarter was said to be a significant part of the problem as it impacted the Brand Portfolio business and helped push sales down 5.1 percent in that segment, but it was not the entire problem. CEO Jay Schmidt detailed the problems and the solutions implemented.
Gearhead Outfitters To Host Grand Re-Openings of Former Summit Canyon Mountaineering Stores
A grand reopening of its newly re-branded stores in Glenwood Springs and Grand Junction, CO that were formerly known as Summit Canyon Mountaineering is scheduled September 12-15.
EXEC: Tommy Bahama Parent Sees Economic Uncertainty Hit 45+ Affluent Consumer
Oxford Industries, Inc., the parent company of Tommy Bahama, Lilly Pulitzer and Johnny Was, continued progress on long-term strategic goals in Q2, but the company also said it fell short of delivering on its near-term financial targets.
Superfeet Signs Sales Agency to Focus on Workplace Safety and Performance
LineDrive, a solutions-based sales agency that matches large-scale businesses with workplace safety tools to enhance workplace safety and productivity in the U.S. and Canada, will introduce Superfeet insoles to employers, to enhance workplace productivity and safety
Rural King to Open New Store in Conover, NC
The Conover store will host a grand opening from September 20-22. The retailer sells a wide variety of premium brands, including Carhartt, Blackstone, Big Green Egg, Ariat, Under Armour, Black Rifle Coffee Company, Walnut Creek Foods and Henry Rifles.
MasterCraft Boat Holdings Sells Florida Boat Manufacturing Plant to Regal Boats
As previously reported, the company held the Merritt Island facility for open market sale following its agreement to transfer the rights to its Aviara brand to a MarineMax subsidiary.
Kreedom Eyewear Adds California Indie Sales Rep
Boston Titensor, an independent sales rep, also carries the Hari Mari, Dakine, Vertra, and Von Zipper sunglass lines in the Orange County market in SoCal.
Report: Second Quarter U.S. E-commerce Sales Outpaced Total Retail Trend
The Census Bureau of the Department of Commerce reported that the second quarter of 2024 e-commerce estimate increased 6.7 percent (±1.2) from the second quarter of 2023, while total retail sales increased 2.1 percent (±0.4) in the same period.
Famous Footwear Parent is Latest Footwear Retailer to Lower 2024 Guidance
Caleres, Inc. became the latest retailer to lower fiscal full-year guidance after reporting second-quarter fiscal 2024 sales and earnings. A top-line miss was driven by a 5.1 percent decline in Brand Portfolio sales and Famous Footwear comps down 2.9 percent.
Snow Peak Acquires Majority Stake in Swift Fly Fishing Co.
Founded by Carl McNeil and Jeanie Ackley, Swift Fly Fishing, headquartered in Wanaka, New Zealand, manufactures the Epic Fly Rod brand that uses graphite, graphene, and Epic’s proprietary “Fast Glass” composite material to create the rods.
EXEC: Designer Brands CEO Digs Deeper into DSW Results as August Comps Turn Positive
The parent of the DSW, The Shoe Co., and Rubino retail brands, and Topo Athletic, Keds, Le Tigre, Hush Puppies, and other footwear brands, also had to come to terms with the impact of the economy on their customers and cut guidance for the full year.
SylvanSport Enters Distribution Partnership with Field & Sports, LLC
Two NC-based outdoor brands have teamed up to give U.S. customers local access to SylvanSports camping trailers with product service support.
National Forest Foundation Names New President & CEO
Dieter Fenkart-Froeschl, in his most recent position, worked for six years as chief operating officer at the National Park Foundation. His appointment as president and CEO takes effect November 1, based in Washington, D.C.
Twiceme Technology Names Chief Marketing Officer
Fredrik Kjellberg joins the Swedish safety solutions company from Mips, the helmet safety system manufacturer, where he was the CMO and helped build the company’s market position.
DSW Parent Cuts FY Guidance as Q2 Profits Shrink
The company saw sustained pressure on challenged categories such as dress and seasonal in the second quarter, but was able to partially mitigate the impact through providing a greater selection of athletic and athleisure brands in the assortment.
