SGB Update Footwear
Skechers Announces Reportable Segment Change
Skechers U.S.A., Inc. announced that it has changed its segment reporting, as the company refined the way it views its business operations and decision-making. Effective the first quarter of 2022, the company will present segment results as Wholesale and Direct-to-Consumer.
ABG Hires Entertainment Exec To Support International Growth
Authentic Brands Group (ABG), announced that sports and broadcast industry leader Kiyoshi Nakamura has joined its efforts in developing new business in the Asia-Pacific and European regions.
REI Increases Investment In Run Category
REI is piloting new store layouts and deepening staff training to support its running departments as part of a bigger investment in the running category.
Anta Sports Sees High-Teens Q1 Growth For Anta Brand
Anta Sports reported retail sales of Anta branded products recorded high-teens positive growth in the first quarter compared to the same period in 2021 while Fila’s retail sales saw mid-single-digit positive growth.
March Retail Sales Grew Despite Higher Inflation
Retail sales grew in March even as inflation edged higher, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in March were up 0.5 percent seasonally adjusted from February and up 6.9 percent year over year.
FDRA Study: Inflation Impacting Footwear Sales
FDRA’s 2022 national spring shoe shopper survey, found 44 percent of consumers are putting off purchases on all goods is their strategy in this high inflation environment.
NBA And Foot Locker Europe Announce Multiyear Partnership Expansion
The National Basketball Association (NBA) and Foot Locker Europe announced a multi-year partnership expansion that will see the NBA and Foot Locker Europe refurbish basketball courts and host youth basketball clinics and events across Europe.
Bollé Brands Appoints VP Finance And Operations North America
Bollé Brands has hired Peter Moore as senior VP of finance and operations for North America. In his new role, Moore will support the ongoing expansion of Bollé Brands across the Americas.
Amazon To Surcharge U.S. Merchants For Fulfillment Services
Amazon sellers in the United States who use the company’s packaging and delivery fulfillment service will see a 5 percent surcharge on shipping due to rising fuel prices and growing inflation.
RunSignup Sees Reduction In Endurance Events
RunSignup, the registration provider for U.S. endurance events, produced its Q1 market assessment and business update. Overall, the data showed that the industry had fewer planned events, and participants were trending toward delayed registrations.
New Balance Opens Doors To The Track At New Balance
New Balance has opened The Track at New Balance, a multi-sport facility where Team New Balance, professional and community athletes will train and compete year-round.
Puma Appoints GM Of Puma South Korea
Puma has appointed Lee Na-Young as general manager of Puma South Korea.
Hibbett Expands, Amends Credit Line
According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged.
Walmart Names PayPal’s Finance Chief As CFO
Walmart, Inc. appointed John Rainey, former head of finance at PayPal, as CFO, effective June 6. He replaces Brett Biggs, who announced his exit from the retailer last year.
NBA Flagship Store To Open In Paris This Summer
In partnership with Fanatics, the NBA will open a flagship store in Paris’ Latin quarter this summer. The store will offer three levels dedicated to official NBA product as well as Nike, Mitchell & Ness, New Era, and Wilson.
