SGB Update Footwear
Circana: Earlier Holiday Shopping Set to Make Comeback
According to the annual holiday purchase intentions consumer survey from Circana, 44 percent of consumers said they plan on starting their shopping earlier in the season than they normally would. More holiday shoppers plan to get started on their purchases before Thanksgiving than last year.
NRF: Imports Expected to Slow Down in November and December
With tariff uncertainty continuing but most holiday merchandise already in stores or warehouses, import cargo volume at the nation’s major container ports should see its usual end-of-year slowdown in November and December, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. “We’ve spent most of the year worried […]
New OrthoLite Parent Coats Group Sees Sales Dip
UK-based Coats Group plc, which recently completed the acquisition of OrthoLite, reported revenue in the four-month period from July 1 through October 31 declined 1 percent, with declines of 2 percent in its Apparel and 4 percent in Footwear offsetting growth in Performance Materials. OrthoLite continues to “perform well.” The 1 percent decline marks […]
Allbirds’ Q3 Revenues Drop 23 Percent, Cuts FY Sales Guidance
Allbirds, Inc. reported its operating loss on an adjusted basis year over year in the third quarter as sales slumped 23.3 percent. The eco-friendly footwear brands reduced its sales guidance for the year while narrowing its earnings outlook.
Fleet Feet Makes Merchandising and Real Estate Hires
Stacey Donley was appointed VP of Merchandising Strategy and Planning, and Jason Williams VP of Store Development and Real Estate at Fleet Feet. Previously, Donley led buying for Kontoor Brands, specifically all U.S. brick-and-mortar Lee/Wrangler stores; Williams was senior director of real estate at The Orvis Company.
NRF Sees Holiday Growth Between 3.7 percent and 4.2 Percent
The National Retail Federation released its annual holiday forecast, anticipating retail sales in November and December will grow between 3.7 percent and 4.2 percent over 2024. That translates to a total spending range of between $1.01 trillion and $1.02 trillion. By comparison, last year’s holiday sales rose 4.3 percent.
Under Armour Announces CFO Transition
Under Armour, Inc. announced that Reza Taleghani will join the company as executive vice president and chief financial officer in February 2026, succeeding David Bergman, a 21-year company veteran who is stepping down as CFO. However, he will remain with the company through the first quarter of fiscal 2027 to ensure a seamless transition.
SportChek’s Q3 Comps Grew 4.2 Percent, Propped by Back-to-Hockey Demand
Canadian Tire Corp. reported same-store sales at SportChek grew 4.2 percent in the third quarter, marking the segment’s fifth consecutive quarter of comparable sales growth. The gains were boosted by back-to-school and back-to-hockey sales.
Under Armour’s Q2 Profits Tumble on Soft Sales, Tariff Impact
Under Armour reported adjusted profits in the fiscal second quarter ended September 30 plunged 88.3 percent due to a 5 percent revenue decline and the impact of tariffs. Results exceeded guidance, and Under Armour stated that its North America business is showing signs of stabilization.
Authentic Appoints Former Nike and Jordan Brand Exec as SVP, Reebok
Authentic Brands Group appointed Daniel Schachne, who most recently served as general manager of Jordan Brand’s performance sport business in North America, as SVP of Reebok.
Costco’s October Comps Grow 6.8 Percent x-Gas; E-Commerce Jumps 16.7 Percent
Excluding gas, Costco’s same-store sales were up 6.7 percent in the U.S. and 6.8 percent overall. E-commerce sales advanced 16.7 percent.
Wolverine Worldwide Appoints Justin Cupps as Work Group President
Wolverine World Wide, Inc. appointed industry veteran Justin Cupps as president of its Work Group, overseeing Wolverine, Bates, CAT Footwear, Harley-Davidson Footwear, HyTest, and Merrell Work. Cupps has held leadership roles at EssilorLuxottica, Under Armour, Adidas, Gant, and And 1.
Puma to Open New Distribution Center in France
Puma plans to open a logistics center measuring 440,000 square feet in Vendenheim, France, to support growth in the country and commitment to developing more environmentally friendly logistics.
Steven Madden Sees Tariff Mitigation Efforts, Kurt Geiger Acquisition Driving Q4 Results
For the fourth quarter of 2025, the company expects revenue to increase by 27 percent to 30 percent compared to the same period in 2024, and expects diluted EPS to be in the range of $0.30 to $0.35 for the quarter.
Saucony Posts Sharp Jump in Q3 Sales for Wolverine WorldWide; Merrell Up Mid-Single Digits
Strong double-digit growth at Saucony, better-than-expected performances by Merrell and Sweaty Betty and improving gross margins helped expand Wolverine Worldwide’s Q3 adjusted EPS by 28.6 percent year-over-year, surpassing guidance.
