SGB Update Footwear
Kizik Announces $20 Million Series B Funding Round
Kizik, the footwear manufacturer, and its parent, HandsFree Labs, Inc., announced completing a $20 million Series B funding round.
Nike To Move To Larger Space At Dallas’ Northpark Center
Nike announced it is moving into a larger space in Dallas’ Northpark Center, which was vacated last month by H&M.
Superfeet Partners With Materialise
Superfeet, the insoles maker, announced a partnership with Materialise, a specialist in 3D printing solutions.
KMD Brands Announce Kathmandu CEO Resignation
KMD Brands, Ltd. advised that Reuben Casey has given notice of his resignation as Kathmandu brand CEO.
Ross Stores Opens 29 New Locations
Ross Stores recently opened 21 Ross Dress for Less and eight dd’s Discounts stores across 12 states in June and July. These new locations are part of the company’s plan to add approximately 100 new stores—75 Ross and 25 dd’s Discounts—during fiscal 2022.
Kohl’s Chief Technology Officer To Exit
According to a securities filing, Kohl’s announced that Paul Gaffney, the company’s chief technology and supply chain officer, will depart on August 1.
361 Degrees Earnings Projected To Improve In First Half
361 Degrees International, Ltd. said profits for the six months ended June 30 are expected to increase by not less than 30 percent.
Aerosoles Signs Licensing Agreement To Expand Into Men’s
Aerosoles, which American Exchange Group recently acquired, signed a new licensing agreement with Orly Corporation to distribute men’s slippers, men’s and ladies’ flip flops, hanging footwear, men’s socks, and roller skates for men, women and kids.
Deloitte Predicts Back-to-School Spending To Reach All-Time High
Back-to-school seasonal spending is expected to reach an all-time high while back-to-college spending is expected to climb 10 percent year over year, according to Deloitte’s annual forecasts.
June Retail Sales Increased Despite Rising Inflation
Retail sales increased in June even as inflation climbed higher and drove up prices across the board, the National Retail Federation said.
Nike Style Store Opens In Seoul
Nike opened its first Nike Style store in the South Korean capital’s Hongdae neighborhood to “serve a distinct sport lifestyle audience through the lens of style, featuring gender-agnostic zones for fleece, tops, footwear, accessories, and other style-led collections.”
Heydude Gets A Brand Refresh
Footwear label Heydude has a “fully revamped brand identity to reach new and existing fans.” Crocs purchased the company for $2.5 billion last December and closed the deal in February 2022.
Families Prioritize Back-to-School And College Spending Amidst Rising Inflation
As inflation continues to rise, one-third of consumers (38 percent) said they are cutting back on spending in other areas to cover the cost of items for the upcoming school year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Prime Day 2022 Breaks Records
Amazon Prime members purchased more than 300 million items worldwide during Prime Day 2022, making this year’s event the biggest Prime Day event in Amazon’s history.
Walmart U.S. Apparel GMM To Retire
Deanah Baker, senior vice president of apparel for adults, kids, baby, and shoes, is retiring from Walmart after 32 years with the retailer.
