SGB Update Footwear
Boot Barn Sales Climbed 48 Percent
Boot Barn Holdings Inc. reported net earnings jumped 81.7 percent in the fiscal fourth quarter ended March 26 as sales grew 48.1 percent. The footwear retailer raised its store count potential to 900 stores from 500.
StockX Appoints First-Ever Chief Impact Officer
StockX announced the expansion of its executive leadership team with the appointment of its first-ever chief impact officer, Damien Hooper-Campbell.
Wolverine World Wide Sees Q1 Revenue And Margins Top Expectations
Wolverine World Wide Inc. reported revenue and operating margin exceeded expectations in the first quarter ended April 2 as sales grew 20 percent. Excluding the acquisition of Sweaty Betty, sales grew 9.9 percent, led by Sperry. Wolverine reiterated its outlook for the year.
Scandinavian Outdoor Group Appoints Chairman
Isbjörn of Sweden founder and CEO Maria Frykman has been appointed chairman of the Scandinavian Outdoor Group (SOG). Frykman will take over from David Ekelund, CEO of Icebug AB, who has held the position since 2013. He is moving to a role within the European Outdoor Group (EOG).
Allbirds Delivers 26 Percent Growth In Q1
Allbirds Inc. reported sales grew 26 percent in the first quarter year over year and gained 49 percent over the first quarter of 2019. The footwear brand posted a loss in the period tied to investments to open stores.
Shoe Brand Freebird Opens Store In Boston
Freebird, the Denver, CO-based manufacturer of fashion boots, announced the grand opening of a storefront in Boston.
Designer Brands Debuts “Warehouse Reimagined” Store Concept
Designer Brands Inc., parent of shoe retailer DSW Designer Shoe Warehouse, has unveiled its new “Warehouse Reimagined” retail store format that elevates the company’s Owned Brands and product selections through shop-in-shops, full family offerings and head-to-toe lifestyle imagery.
U.S. Ports Set New Record For Imports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released by the National Retail Federation.
The Athlete’s Foot Acquires Asphaltgold
The Athlete’s Foot has acquired Asphaltgold, the European-based online streetwear shop.
Clarus’ Q1 Sales Climb 50 Percent On Acquisitions
Clarus Corporation reported sales jumped 50 percent in the first quarter, which ended March 31, largely due to the acquisitions of Rhino-Rack and MaxTrax. Sales on a proforma basis grew 6 percent. Sales of the Outdoor segment, led by Black Diamond, were impacted by logistics challenges.
Iconix Consolidates Control Of Pony
Iconix International Inc., which secured the North American rights to the Pony in 2015 for $37 million, has acquired the rights to the sneaker brand in the rest of the world, except in China and Taiwan.
Emerald’s Sales Bounce Back In First Quarter
Emerald Holding, Inc. reported revenues of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in revenue for the first quarter of 2021.
Patagonia Appoints Marketing Director For EMEA
Tyler LaMotte returns to Patagonia as marketing director for Europe, the Middle East and Africa (EMEA).
Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness
Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.
Under Armour Sees 3 Percent Growth In March Quarter
Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.
