SGB Update Footwear
Crocs Q4 Revenues Surge 61 Percent; Beats Analyst Targets
Crocs, Inc. reported earnings rose 23 percent in the fourth quarter ended December 31. Sales surged 61 percent with a boost from the acquisition of Heydude. Sales of the Crocs brand grew 14.9 percent. Earnings topped analyst estimates.
January U.S. Retail Sales Rebound; Sporting Goods Up 6.9 Percent
U.S. retail sales jumped a seasonally adjusted 3 percent in January from December, the largest monthly increase in nearly two years after declines in the final two months of last year, the Commerce Department said Wednesday.
Fleet Feet Store Opens In Harrisburg
Fleet Feet opened its second location in central Pennsylvania this past week in Harrisburg, PA.
Neiman Marcus Undergoes Layoffs, Realigns Leadership Team
Neiman Marcus Group reported that it plans to lay off about five percent of its employees, or around 500 employees, as “part of a strategic realignment” while making changes to its leadership team.
Famous Footwear Parent Sees Fiscal 2022 Sales Up 7 Percent
Caleres reported that after a stronger-than-expected holiday performance and continued demand for its brands, the company provided preliminary, unaudited fiscal 2022 consolidated sales and earnings per share range that exceeded its expectations.
Bass Pro Ramps Up Expansion With Plans For Three Openings
Bass Pro Shops reported plans to open three stores in Spring, TX; Niles, OH; and Clifton Park, NY.
Snipes And DJ Khaled Partner On New Concept Store
Snipes has partnered with rapper DJ Khaled on a new concept store—We The Best Snipes—located on Collins Avenue in Miami, FL
Decked Hires Mountain Sports Manager
Decked hired Scott Hibbert as director of community marketing and mountain sports manager. Hibbert brings 15 years of marketing experience to support the brand’s growth.
Oboz, Rip Curl Parent Sees Strong Double-Digit Growth In Fiscal H1
KMD Brands Limited, the New Zealand-based parent company to the Kathmandu, Oboz and Rip Curl brands, reported that sales momentum has continued into its fiscal second quarter ended January 31, resulting in “record first-half sales.”
Adidas Hires VP Of Basketball Footwear
Adidas hired Nathan VanHook as VP of design for its basketball division.
Under Armour Debt Rating Outlook Lowered
S&P Global Ratings revised its outlook on the debt ratings of Under Armour to stable from positive as the company’s operating performance has weakened, leading S&P to expect soft demand and margin pressure to last longer than previously anticipated.
Rocky Brands Names CFO
Rocky Brands, Inc. hired Sarah O’Connor as senior vice president, chief financial officer and treasurer. O’Connor brings more than 15 years of corporate finance experience to the role, including working with public retail and manufacturing organizations.
Rocky Brands Enters Accessories License With Status Accessories
Rocky Brands, Inc. entered into a license agreement with Status Accessories to design and distribute belts and wallets under the Durango and Rocky Boots brands.
EBay Acquires 3PM Shield
EBay, Inc. acquired 3PM Shield, LLC, a provider of AI-based marketplace compliance solutions to improve eBay’s monitoring solutions with new technologies preventing the sale of counterfeit merchandise, unsafe products and illegal products.
Report: Online Prices Fall For Fifth Consecutive Month
According to data from Adobe’s Digital Price Index, online prices in January 2023 fell 1 percent year-over-year, the fifth consecutive month of year-over-year declines. Half of the 18 categories tracked by Adobe saw falling prices year-over-year.
