SGB Update Footwear
Nike, Inc. Fiscal Q2 Results Beat Street Expectations; Inventories Up 43 Percent
Nike, Inc. reported fiscal 2023 second quarter revenues were $13.3 billion for the three-month period ended November 30, up 17 percent compared to the prior-year comparable period and up 27 percent on a currency-neutral basis.
Skechers Opens Flagship Store In Ireland
Skechers is elevating its worldwide presence by opening a new flagship store in Ireland on Dublin’s Grafton Street.
Nordstrom Opening New Colorado Rack Store
Nordstrom, Inc. is opening a new Nordstrom Rack in Aurora, CO.
Aetrex Albert 3DFit and Foot.com Named CES 2023 Innovation Award Honoree
— Sponsored Content From Aetrex —
Aetrex, Inc. was named a CES 2023 Innovation Award Honoree for the second year in a row as the company debuts the honorable mention technology—Albert 3DFit and Foot.com Data Portal—at this year’s CES show to be held January 5-8 in Las Vegas.
JD Sports Divests Shares Of 15 Premium Brands
British Retailer JD Sports Fashion Plc is “significantly simplifying” its branded fashion offer through the divestment of 15 UK-based non-core fashion businesses to Frasers Group Plc.
Report: Holiday Shopping Seen As Lackluster In Early Season Review
The first two weeks of December did not bring much holiday cheer after a lackluster Black Friday and generally disappointing November results.
RIA Elects New Board Members For 2023
The Running Industry Association (RIA) membership voted to approve to elect the suggested slate of new directors for 2023.
New Balance To Expand Operations At Skowhegan Plant
New Balance announced plans to invest $65 million in construction and capital equipment to double its production capacity to one million pairs of shoes at its factory in Skowhegan, ME.
November Retail Sales Dip 0.6 Percent
U.S. retail sales fell 0.6 percent in November from October but were up 6.5 percent year-over-year, the Department of Commerce reported. That compares with increases of 1.3 percent month over month and 8.3 percent year-over-year in October, which got a boost from earlier-than-usual holiday shopping driven by concerns that inflation would continue to increase prices.
Fleet Feet Plans To Open A Second Store In Pittsburgh
Fleet Feet is planning to open a second store in Pittsburgh in the near future. Look for more news next week on details once the store is open.
Shoe Carnival Launches Share Buyback Program
Shoe Carnival, Inc.’s Board of Directors authorized a share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2023.
Bentonville Becomes Headquarters For U.S. National Mountain Bike Team
USA Cycling reported that Bentonville, AR, was selected as the official training site for the U.S. National Mountain Biking Team.
NRF Study Forecasts More Than $816 Billion In Holiday Returns
Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a retail report released by the National Retail Federation (NRF) and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5 percent compared with 16.6 percent in 2021.
Dunham’s Sports To Open Stores In Wisconsin And Nebraska
Dunham’s Sports is opening stores on December 16 in Manitowoc, WI and North Platte, NB.
Al’s Sporting Goods To Open In Boise
Al’s Sporting Goods is opening a stores in Boise, ID, according to boisedev.com.
