SGB Update Footwear
Designer Brands Lifts Outlook On Q2 Beat
Designer Brands, Inc. raised its EPS guidance for the year after reporting sales and earnings topped Wall Street’s targets in the second quarter ended July 30. Comparable sales for the parent of DSW increased 6.2 percent on top of comparable sales growth of 84.9 percent for the second quarter of 2021.
REI Co-Op Appoints Board Members
REI appointed Dr. Michael McAfee and Jim Murren to its board of directors.
OIA Elects Two Returning And Two First-Term Board Members
The Outdoor Industry Association (OIA) announced that two returning board members and two new incoming members would officially take seats on the board at its September meeting.
Dick’s SG Expands Resale Partnership With SidelineSwap
Dick’s Sporting Goods expanded its partnership with SidelineSwap to offer 50 new trade-in events in seven states through 2022.
W.C. Russell Moccasin Company Sold
The W.C. Russell Moccasin Company, the maker of boots for hiking, hunting, and outdoor sports based in Berlin, WI, was purchased by Luke Kolbie, founder of Kingfisher Leatherworks, and Joe Julian, president and owner of Julian & Sons. Terms were not disclosed.
Tommy Hilfiger Appoints Nike VP As Chief Merchandising Officer
Tommy Hilfiger appointed Nadia Azria, most recently Nike’s VP, EMEA, One Nike Market Place, as chief merchandising officer, Tommy Hilfiger Global, effective November 1.
Caleres Appoints Senior Vice President And CFO
Caleres announced that Jack Calandra was hired as senior vice president and CFO, effective September 12, 2022.
Saks.com Raises More Capital
Saks.com announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A. increasing borrowing capacity from $350 million to $450 million.
REI Employees Vote To Unionize At Berkeley Store
Employees at REI’s Berkeley, CA, location voted to become the chain’s second unionized store. Earlier this year, REI’s store in Manhattan unionized.
Dick’s House of Sport To Open In Upstate New York
Dick’s Sporting Goods plans to open a Dick’s House of Sport location at the Oakdale Mall in Johnson City, NY. The 140,000-square-foot location is expected to be the retailer’s largest.
The British Footwear Association Names New Chair
The British Footwear Association has named Jane Wilson as Board chair, succeeding Robert Perkins, who held the position for more than four years.
Flojos Hires National Sales Manager
Flojos, the manufacturer of sandals, hired Ryan Whitcomb as the national sales manager. Whitcomb has eleven years of sales management experience, most recently with Electric Eyewear.
Outdoor Industry Association Names Interim Executive Director
The Outdoor Industry Association (OIA) Board of Directors named Kent Ebersole as interim executive director during the organization’s search for a permanent executive director, following the resignation of Lise Aangeenbrug earlier this month.
Nike Executive Joins Dutch Bros Board Of Directors
Dutch Bros, Inc. appointed Ann Miller to its Board of Directors. Miller is the executive vice president and chief legal officer of Nike, Inc.
Shoe Carnival’s Q2 Sales Slide 6 Percent
Shoe Carnival Inc. reported second-quarter earnings that were below year-ago levels but well ahead of the pre-pandemic 2019 quarter. Sales were down 6 percent year over year. The off-price shoe chain reiterated its EPS guidance for the year.
