SGB Update Footwear
Saks’ Survey Finds Luxury Spending Remains Healthy
Saks released its Luxury Pulse survey. The data shows that higher-income consumers who shop luxury retail have continued spending, including indulging themselves through fashion and vacation purchases. Additionally, higher-income consumers prioritize health and wellness and complement their lifestyle with luxury self-care, fitness and home products.
KMD Brands Sees 4 Percent Revenue Growth In Fiscal Year
KMD Brands, the parent of Kathmandu, Rip Curl and Oboz, said it expects total sales for the year ending July 31 to be in the range of $955 million to $965 million, representing a gain of 4 percent compared with $922.8 million a year ago.
Compass Diversified Completes Acquisition Of PrimaLoft
Compass Diversified announced the completion of the company’s previously announced acquisition of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft.
Crocs Secures Judgment Of Infringement Against USA Dawgs And Double Diamond Distribution
Crocs, Inc. announced a judgment of infringement against USA Dawgs and Double Diamond Distribution due to both companies’ alleged sales of copycat Crocs shoes. In addition, Crocs also obtained $6 million and $55,000 in damages, respectively, against the companies.
Columbia Sportswear Appoints Board Member
Columbia Sportswear Company announced that its board of directors appointed Christiana Smith Shi as a director and member of its Audit Committee.
Yue Yuen’s Sales Climb 6 Percent In June
Yue Yuen Industrial Limited reported net consolidated operating revenue reached $834.6 million in June, representing a gain of 5.9 percent year-over-year. Sales in its manufacturing business were up 18.7 percent while sales at Pou Sheng, its retail subsidiary in China, were down 14.7 percent.
The Running Event Delivers Mentorship Opportunities For Specialty Retailers
The Running Event announced new opportunities for specialty retail professionals leading up to #TRE22 this November 22 through December 1 in Austin, TX.
Naot Footwear To Open Manhattan Flagship Store
Naot Footwear announced it would open a flagship store in New York City’s SoHo neighborhood in early fall 2022 at 436 W. Broadway.
Li Ning’s CFO Retires
Li Ning Company, Ltd. announced that Terence Tsang, its chief financial officer, has retired due to retirement age.
Designer Brands To License Le Tigre Footwear
Designer Brands, Inc., the parent of DSW, announced an investment in and licensing agreement with Le Tigre, the American athletic apparel brand famous in the 1980s. Designer Brands will design and produce Le Tigre footwear to be sold primarily through DSW and The Shoe Company.
Puma Files Trademark Infringement Suit Against Brooks
Puma SE has sued Brooks Sports in Indianapolis federal court, charging that Brooks alleged advertising for sneakers with nitrogen-infused soles violates Puma’s “Nitro” trademark rights, according to Reuters.
Evo Announces New Campus Location In Tahoe
Evo unveiled plans to build a new campus location in Tahoe City, CA. The site is expected to open in 2023.
Coats Acquires Texon International For $237 Million
Coats Group plc has acquired Texon, the manufacturer of structural components and materials for the footwear, accessories and apparel industries.
JD Sports Appoints Chairman
JD Sports named Andrew Higginson, former Chair of supermarkets group Morrisons, as chairperson, replacing Peter Cowgill, ousted in May.
U.S. Ports Set Another Record
Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired, according to the monthly Global Port Tracker report released by the National Retail Federation.
