SGB Update Footwear

Marathon Sports Acquires Fleet Feet Maine Running
Fleet Feet Maine Running, the two-store specialty store based out of Portland, has concluded the sale of its specialty running business to Marathon Sports, a 26 location New England running specialty store brand based in Boston.

Sportsman’s Warehouse Swings to Adjusted Net Profit in Q4 on Flattish Comp Sales
On a comparable 13-week basis, fourth-quarter net sales decreased 0.9 percent compared with the fourth quarter of fiscal 2023. Same-store sales declined 0.5 percent year-over-year on a 13-week comparable basis.

Birkenstock Opens Tenth U.S. Retail Store in Nashville, TN
Birkenstock Nashville, located at 2212 12th Avenue South, hosted an opening event on March 27. Birkenstock created a campaign that spotlights the locals who shape the city’s culture and long-time Birkenstock wearers, captured by photographer Cristina Fisher.

FDRA: Most Footwear Execs Surveyed See Weakening Business Ahead
The Q1 survey conducted among footwear execs reportedly shows a significant decline in industry confidence, with 87 percent of respondents expecting a weaker economy over the next six months – the most pessimistic outlook in the survey’s history.

Report: Taking a Global Pulse on Shopping with a Sustainable Mindset
To better understand the consumer perspective, Blue Yonder’s fourth annual Consumer Sustainability Survey surveyed more than 5,000 consumers across Australia and New Zealand (ANZ), France, Germany, U.K., and U.S. on their sustainable shopping opinions and behaviors.

REI Co-op Names New Chief Merchant with Diverse Big Box Background
REI said Kristin Shane brings extensive experience across diverse consumer product and retail businesses, including The Guitar Center, PetSmart and Target.

Foot Locker, Inc. Nails Down New St. Petersburg Global HQ Site
The 110,998-square-foot space at 570 Carillon Parkway, is said to be a Class A office property in the heart of St. Pete.

Rural King Opens New Store in Alabama
Rural King has grown to over 130 stores in fourteen states, providing a broad range of essential goods, food, feed, seed, and other farm and home necessities to communities it serves throughout Alabama, Georgia, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.

Golden Goose Opens 4th NYC Store in Meatpacking District
Located at 812 Washington Street, a commercial area on the far west side of New York City, features a “Co-Creation Bar” where customers can turn Golden Goose product sold in-store into personalized artwork with hand-painting, embroidery, studs, and patches.

Birkenstock Opens Concept Store in Historic Zhangyuan, Shanghai
The Zhangyuan store showcases the Birkenstock collection and its 1774 product line. The store will debut the brand’s Boro Collection, inspired by the traditional Japanese art of textile mending and created in collaboration with Jesse Leyva.

SBA Implements Made in America Manufacturing Initiative
The new SBA effort will cut $100 billion in regulation, expand access to capital and create dedicated infrastructure to support blue-collar boom.

Bass Pro Shops to Officially Open in Tyler, TX, with Evening for Conservation
The retailer will host a grand opening of its new retail store in Tyler, TX, with an Evening for Cnservation, on Wednesday, April 16. Every dollar spent during the event, 20 percent (on most items) will be donated to local conservation organizations, a tradition owner Johnny Morris started many years ago.

Oxford Ind., Parent of Tommy Bahama and Duck Head Brands, Reports Q4 Near Top of Guide
The owner of the Tommy Bahama, Duck Head, Jack Rogers,Johnny Was, and Lily Pulitzer lifestyle brands, reported net sales in the fiscal 2024 13-week fourth quarter were $391 million compared to $404 million in the 14-week fourth quarter of fiscal 2023.

Lululemon Posts Double-Digit Sales Gain in Q4 as International Surges
Fourth quarter Americas net revenue increased 7 percent, or 8 percent in constant-dollar terms, year-over-year. International net revenue increased 38 percent, or 40 percent in constant-dollar terms, year-over-year for the quarter.

Academy Sports + Outdoors Opens 300th Store, Adds Two More States to Mix
The full-line sporting goods and outdoor recreation retailer will add five stores through April, with 20 to 25 stores planned for the fiscal 2025 full year.