SGB Update Footwear
On Holding Swings to Q4 Profit in Q4; DTC Reaches 48.8 Percent of Net Sales
On’s fourth quarter net sales increased 35.7 percent (+40.6 percent constant-currency) to CHF 606.6 million. The strong performance was said to be supported by On’s ability to convert on the rapid rise in brand awareness across the globe.
REI Co-op is Gearing Up for New Larger Lynwood, WA Location
REI’s Alderwood Mall location will close at 3 p.m. on March 23. The larger relocated store will soft open to the community on March 28. A two-day grand opening is planned for April 4-6.
Ortovox Promotes Stefan Kohlbauer to CEO
Stefan Kohlbauer’s promotion to CEO follows a transition period during which Martin Riebel, managing director of Schwan-Stabilo Outdoor GmbH, provided interim leadership.
Urban Outfitters Still Sees Drag from Namesakes Brand; Nuuly Jumps
The Subscription segment, fka Nuuly, saw net sales increase 55.6 percent from adjusted net sales for the prior-year Q4 period, primarily driven by a 53.5 percent increase in average active subscribers in Q4 versus the prior-year quarter.
Angel Martinez Named to the Oofos Board of Directors
The Industry legend joins Oofos Co-Founders Lou Panaccione and Paul Brown on the Oofos board of directors, along with other footwear industry veterans Timothy Davis, Michael Harrison, Suzy Biszantz, Thomas Wolff and John Legere.
Skechers U.S.A. Opens Concept Store in Milan
Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is described by the company as a re-imagination of mid-century design.
Oberalp Group Names New Brand Director for Salewa
Nol Gerritse, a Dutch native and U.S. citizen, has held senior positions at Havaianas, Lululemon, Keen, Colgate, and Nike. His appointment is effective May 2.
Gymshark Appoints First U.S. Chief Commercial Officer
Kim Dolder, general manager of North America, has been promoted to the company’s chief commercial officer working from Gymshark’s New York office. Dolger also becomes Gymshark’s first U.S. Board member.
Dillard’s, Inc. Forced to Control Expenses During Tepid Q4 Period
Net sales reached $2.02 billion for the 13-week fourth quarter ended February 1, compared to $2.12 billion for the 14-week prior-year Q4 period ended February 3, 2024.
Steven Madden Delivers Double-Digit Sales Growth in Fourth Quarter
For 2025, the company expects revenue will increase 17 percent to 19 percent compared to 2024. The company expects diluted EPS will be in the range of $2.30 to $2.40. This outlook assumes the Kurt Geiger acquisition closes on May 1, 2025.
Skechers Signs Danish Footballer Matt O’Riley to Team Skechers
O’Riley competes in the Skechers lightweight speed shoe, Razor 1.5 Elite. He will also appear as the face of Skechers Football in multiplatform marketing campaigns in Denmark.
TJX Companies Ramps Up Sierra Store Count to 117 Doors
The TJX Companies, Inc., parent of the TJ Maxx, Marshalls, HomeGoods and outdoor-oriented Sierra retail nameplates, reported net sales for the 13-week fourth quarter ended February 1 were $16.4 billion, flat versus the 14-week fourth quarter of fiscal 2024.
Hoka Opens Second Store in Paris’ Marais District
Hoka continues its expansion in France by opening a roughly 3100-square-foot store at 14 Rue Sainte-Croix de la Bretonnerie in the heart of the Paris’ Marais district; this follows the sports apparel and equipment brand’s first Parisian store, which opened in April 2024.
Rocky Brands, Inc. Posts Flattish Q4 Growth After Shift in Distribution Model
Consolidated fourth quarter net sales increase 1.7 percent to $128.1 million, but grew 8.8 percent excluding certain non-recurring sales in Q4 2023 following the change to a distributor model in Canada and temporarily elevated commercial military footwear sales to a single customer.
Big 5 to Continue Closing Stores as Weak Q4 Sales Trends Drift into Q1
Same-store sales decreased 6.1 percent for the fourth quarter of fiscal 2024. For the fiscal 2025 first quarter, the company expects same-store sales to be down in the mid- to high-single-digit range compared to the fiscal 2024 first quarter.
