SGB Update Footwear
October Inflation Rate Gains 20 Basis Points from September’s Year-Over-Year Reading
The CPI, which measures costs across a spectrum of goods and services, increased 0.2 percent for the month. That took the 12-month year-over-year inflation rate to 2.6 percent, up 20 basis points from September.
Winter Occupancy Down on Higher Rates at Western Mountain Resorts
Overall, winter occupancy and rates are pretty even with last winter as of October 31, but the first three months of the season, from November through January, are more sluggish than usual. December is the biggest concern.
Altra Footwear Opens First Colorado Outlet Store
Located at the Outlets at Castle Rock, this new Colorado location will retail past-season and gently-used Altra products to running enthusiasts at significant savings.
CNBC/NRF: October Retail Sales Bounce Back
Leaders in the year-over-year growth included E-Commerce & Catalog; Clothing, Footwear & Accessories stores, and Health & Personal Care stores. The Sporting Goods sector, which also includes Hobby, Music and Book stores, posted solid (+2.7 percent) month-over-month results but declined year-over-year.
Survey: NFL Football Fandom Community Plays Significant Role in Home Search
When it comes to NFL fans and the teams they support, a connection to their community is a major driving force and influence with nearly one-third of NFL fans in a recent survey by Realtor.com saying they would change teams if they moved to a new city or state.
BSN Sports, Varsity Spirit Parent Launches Employee Ownership Program
The initiative reflects a growing movement across corporate America, inspired by the nonprofit organization Ownership Works and its founding partners, including KKR, to give employees a stake in the value they help create.
Rural King Opens New Stores in Georgia and North Carolina
The family-owned retailer serving a rural lifestyle, reports that its newest stores are now open in Waycross, GA, the second Georgia store for the retailer this year, and in Rocky Mount, NC.
Skechers Readies Move to New European Distribution Center in 2028
The company will relocate its European distribution center to a 200,000-square-meter facility in Liège, Belgium to support the brand’s strategic expansion across Europe.
On Holding Continues Aggressive Growth But Higher Q3 Costs and EPS Miss Worry Street
On saw its highest gross profit margin since its IPO in September 2021, reaching 60.6 percent of net sales in Q3 2024, reportedly driven by growth in the DTC channel and a “continued disciplined approach to full-price sales.”
Nature’s Sunshine Products Taps Deckers CFO for Board of Directors
Since June 2018, Fasching has served as the CFO of Deckers Brands, which includes iconic brands such as Ugg, Hoka and Teva. Fasching has held other senior positions at Deckers since August 2011, including VP, strategy & investor relations and VP, strategic financial planning.
Fleet Feet Appoints New VP of Marketing and Digital
Jonathan Sipling brings over 20 years of experience to the position. Previously, he was Dish Wireless’s chief merchandising officer.
BJ’s Wholesale Club Promotes Two Senior Operations Leaders
Scott Schmadeke, SVP, field and fresh operations, has been named EVP and chief operations officer, effective immediately, and Krystyna Kostka, SVP of operations, has been named chief supply chain officer.
Von Maur Department Stores Opens First Pennsylvania Store in Pittsburgh
The retailer has opened its newest location at South Hills Village in the suburbs outside Pittsburgh, PA. The 118,000-square-foot store is the company’s first in Pennsylvania.
Zappos Re-Opens Outlet Store in Louisville
The 13,000 square foot outlet store first opened in 2019 after it moved from a previous location in Shepherdsville, KY. It closed in 2022 after the online footwear seller reaccessed the business as the pandemic subsided.
Golden Goose YTD Sales Climb 12 Percent on D2C Boost
Sales the Milan-based luxury streetwear and sneaker brand reached €466 million ($500 mm) in the nine months, up 12 percent year over year, driven by an 18 percent jump in DTC revenues.
