SGB Update Footwear
June UK Indoor Retail Foot Traffic Down as Weather Pushes Shoppers Outside
The British Retail Consortium reported that June retail foot traffic (footfall) was down versus the comp period last year as the hot weather meant that people opted to enjoy the outdoors rather than spend time shopping inside.
Coats Launches New Footwear Division
Coats Group Plc created a new footwear division, Coats Footwear, after acquiring Texon and Rhenoflex in 2022.
NRF Sees Imports Building Toward August Peak Amid Labor Disruptions
The NRF said that despite a tentative contract agreement reached at West Coast ports, retailers are closely following labor disputes at the ports in Western Canada and a potential teamsters strike against United Parcel Service (UPS).
Crocs and Joybees Battle in Court Over Trade Secrets
Crocs filed a lawsuit in the U.S. District Court for the District of Colorado against Joybees, accusing the company and its chief executive of unfair competition. The filing came a day after Joybees filed claims with the Colorado Court against Crocs.
DeFeet Moves Custom Sales to Inside Team
DeFeet reported that its custom sock sales process had returned to its inside sales team based in Hildebran, NC and that long-time sales reps Brad Mettee and Kerri Willerton were no longer with the company.
U.S. Jobs Growth Continues to Slow
The Labor Department reported Friday that U.S. employers added 209,000 jobs in June for the 30th consecutive month of job gains, but there was also a continued cooling in the labor market. The retail sector was the hardest hit, recording losses of about 11,000 jobs seasonally adjusted.
Lubbock Christian Partners with New Balance and BSN Sports
Lubbock Christian University, located in Lubbock, TX, entered into a partnership and product supply agreement with New Balance through BSN Sports to be the official apparel and uniform provider for its athletics department.
Tennis Racquet Sales at Specialty Stores Slow to Start 2023
Unit sales of tennis racquets in specialty tennis stores dropped by 7 percent in the first quarter of 2023 compared to the same period a year ago, reported Sports Marketing Surveys USA (SMS). Despite this, the market remains strong compared to the pre-pandemic period.
USC Aiken Partners with Under Armour and BSN
The University of South Carolina Aiken reportedly partnered with Under Armour and BSN Sports to outfit its student-athletes beginning with the 2023/24 season.
Adams State University Extends Partners with Nike and BSN
Adams State University Athletics announced that it entered into a five-year partnership with Nike and BSN Sports. BSN Sports will be the official apparel and equipment provider while outfitting ASU student-athletes and coaches in Nike gear.
KMD Brands, Rip Curl and Oboz Parent, Reports Year-End Departure of Group CFO
KMD Brands Limited, the parent of the Kathmandu, Rip Curl and Oboz brands, reported that Group Chief Financial Officer Chris Kinraid had given notice of his resignation, effective December 2023, to become the CEO with another NZX-listed company.
JD Sports Moves Forward to Acquire Balance of Iberian Sports Retail Group Shares
JD Sports Fashion Plc, the parent of the JD, Finish Line, DTLR, and Shoe Palace retail brands in the U.S. and others worldwide, reiterated its intention, first announced on May 9, to acquire the remaining 49.98 percent of shares in Iberian Sports Retail Group, S.L.
Nike Extends Contract with University of Pittsburgh
The University of Pittsburgh has extended its long-standing relationship with Nike to continue to provide Nike gear for each of the Panthers’ 19 varsity programs through 2026.
NRF Economist Says Conditions ‘Moving in the Right Direction’ Despite Slower Growth
The U.S. economy did better in the first half of 2023 than early indicators suggested and appear to be “rolling forward” even as the rate of growth slows for the remainder of the year, National Retail Federation Chief Economist Jack Kleinhenz said.
Report: Birkenstock Exploring IPO
L Catterton, a private equity firm backed by LVMH, is considering strategic options for Birkenstock, including an initial public offering, which could value the German sandal maker at more than $6 billion.
