SGB Update Footwear
Grassroots Moving Spring Connect Show To Reno In 2024
Grassroots Connect, the twice-annual retail buying show of Grassroots Outdoor Alliance, will move its June show to Reno, NV, beginning in 2024.
REI To Open Re/Supply Store In Clackamas, OR This Summer
REI Co-op will open a Re/Supply store selling used gear and apparel in Clackamas, OR in late August 2023. Located in the Clackamas Town Center, the 16,113-square-foot store will open a few doors down from the co-op’s existing store which opened in 2007.
Authentic and Aldo Group Expand Brooks Brothers Brand Footwear Range
Authentic Brands Group (Authentic) and the Aldo Group have partnered to launch an expanded assortment of men’s footwear and small leather goods for Brooks Brothers one of America’s most beloved and longest-established brands.
Report: May Retail Sales Grow 2 Percent On ASP Growth; Apparel Declines
U.S. retail sales revenue in May 2023, including discretionary general merchandise and consumer packaged goods (CPG), increased 2 percent compared to the same month last year, even as unit sales declined 3 percent, according to data from Circana, formerly IRI and The NPD Group.
Stitch Fix Hires Former Macy’s Exec As CEO
Stitch Fix, Inc. announced that Matt Baer, former chief customer and digital officer at Macy’s, Inc., was hired as CEO and appointed as a member of the Board of Directors, effective June 26, 2023. Founder, Interim CEO and Executive Chairperson of the Board, Katrina Lake, will work closely with Baer as he transitions into the role.
Caleres’ Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings on Caleres, Inc. as the parent of Famous Footwear has sustained adjusted leverage in the low- to the mid-2x area, supported by moderating margin pressures and debt paydown under its asset-based lending (ABL) facility.
Kizik Names Chief International Officer
Kizik named Morgan Keldsen as its chief international officer. Most recently, Keldsen was the principal at Keldsen Consulting.
Puma’s Brand Chief Leaving As Global Marketing Moves From Boston To Herzo
As part of the implementation of its strategic priorities, Puma is reorganizing its Global Marketing Organization. The company said the decision lays the foundation for further elevating the Puma brand, one of the company’s three strategic priorities.
Superfeet Welcomes New CEO
Superfeet hired Nike veteran Trip Randall as CEO, whose experience in the footwear industry comes from working more than 23 years across a diverse range of positions at Nike including vice president and general manager of Nike Running in North America, global vice president and general manager of Nike.com and vice president of global sales and marketplace for Nike Kids.
Adobe: Online Prices See Continued Downward Trend In May
Adobe reported online prices in May 2023 fell 2.3 percent year-over-year, the most significant decrease since the pandemic started, marking the ninth consecutive month of year-over-year price decreases with over half of Adobe’s tracked categories (11 of the 18) falling in prices on an annual basis. On a month-over-month (month-on-month) basis, online prices fell 1.2 percent in May.
JD Sports Chairman Named Next Chair Of British Retail Consortium
Andy Higginson, chair of JD Sports Fashion plc, was appointed to succeed Tony De Nunzio as chairman of the British Retail Consortium (BRC), effective September 2023, when De Nunzio completes his tenure as chair of the UK’s retail trade association.
Signa Sports Partners With Tennis Channel
Tennis-Point, the racquet-sports equipment online retailer owned by Signa Sports United, entered into a multiyear agreement with the Tennis Channel to operate tennis.com and a new merchandise site found on TennisShop.com.
Golf Rounds Played Climb In April
Rounds of golf played in April 2023 were up 7.8 percent on a national level year-over-year and up 3.1 percent for the first four months of 2023, according to Golf Datatech.
Former Footwear Industry Exec Stanley Kravetz Passes Away At 90 Years
The family of long-time footwear industry executive Stanley Irving Kravetz announced his passing on June 8 at the age of 90. Stanley was an executive at Timberland, Rockport, Frye Boot, Geox USA and Thorlo, and served on the Boards of Rocky Shoes and Boots and Clark’s of England.
Capgemini: Over 75 Percent Of Younger Sports Fans Prefer Watching Outside Of Venues
Seventy-seven percent of Gen Z and 75 percent of Millennials say they prefer to watch sports outside of venues, compared to 53 percent of Baby Boomers and 32 percent above 70 years old, according to Capgemini Research Institute’s latest report “A Whole New Ball Game: Why Sports Tech Is A Game Changer.”
