SGB Update Footwear
Weyco Racks Up Record Sales In First Quarter
Weyco Group Inc. reported consolidated net sales in the first quarter ended March 31 were a first-quarter record of $81.4 million for the period compared to $46.9 million in 2021.
Big 5’s Q1 Profits Top Guidance
Big 5 Sporting Goods Corp. reported same-store sales were down 11.4 percent for the first quarter ended April 3 and flat compared to the pre-pandemic first quarter of fiscal 2019. Earnings were also down against year-ago record results but exceeded guidance.
NRF Economist Sees Consumer Strength Despite Inflationary Pressure
The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep shopping as lower inflation eases uncertainty, according to the National Retail Federation’s (NRF) Chief Economist Jack Kleinhenz.
Patagonia, The North Face, Levi Strauss Top Circular Fashion Index
Patagonia, The North Face and Levi’s are the brands most committed to fashion circularity, according to management consulting firm Kearney’s 2022 The Circular Fashion Index.
AAFA Appoints Events And Programming VP
American Apparel & Footwear Association (AAFA) appointed Corinne Suder to lead the organization’s Events and Programming Department as vice president, effective June 13.
Jordan Brand Appoints Chief Marketing Officer
Jordan Brand appointed Shannon Watkins, former chief brand and marketing officer at Aflac, as chief marketing officer.
K-Swiss Global Brands Promotes Two Execs
K-Swiss Global Brands promoted Scott Boulton to the newly formed position of global vice president of Trend and Energy and Allison Bennett to brand director Palladium – The Americas.
Eddie Bauer Appoints Creative Director
Eddie Bauer appointed Christopher Bevans as creative director. A member of CFDA he was recognized for his work with DYNE, earned the 2017 Woolmark Innovation Prize, was named a 2017 CFDA/Vogue Fashion Fund finalist, he was also a senior creative lead at Shopify.
Dickies Appoints Chief Marketing Officer
Dickies has appointed Sarah Crockett, former chief marketing officer at Backcountry, as its global chief marketing officer.
Nike Appoints Global VP Direct Acceleration
Nike has promoted Maggie Gauger as global vice president, direct acceleration.
ICSC Survey Highlights Ongoing Importance Of Small Business
International Council of Shopping Centers (ICSC) released the results of its Small Business Consumer Survey that found that 94 percent of adults either shop, spend or use the services of small businesses. Over half of consumers, 54 percent, shop at small businesses at least once a week, and 42 percent frequent small businesses more frequently than before the pandemic.
Kohl’s Increases Rewards Program Earn Rate To 7.5 Percent
Kohl’s announced the nationwide rollout of its new Kohl’s Rewards program enhancement that will offer all Rewards members that use their Kohl’s Card an elevated earn rate of 7.5 percent Kohl’s Rewards on every purchase. Previously, all Kohl’s Rewards members would earn 5 percent Kohl’s Rewards, regardless of payment method.
PF Flyers Appoints Chief Marketing Officer
PF Flyers appointed Lisa Lewis as chief marketing officer. Lewis will be responsible for relaunching the brand and establishing its position in the sneaker and lifestyle marketplace.
Pou Sheng Sees Decline In First Quarter Profit
China’s Pou Sheng International said it expects to report a “substantial decrease” in profits in the first quarter due to new wave of the pandemic in its operating regions.
Descente Transfers Overseas Sales To Japanese Subsidiary
Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.
