SGB Update Footwear
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.
REI’s Sales Surge 36 Percent In 2021
REI Co-op released its 2021 financials and annual impact report, ending the year with $3.7 billion in sales, an increase of 36 percent compared to 2020.
Yue Yuen’s Sales Fall In March
Yue Yuen reported consolidated operating revenue fell 11.2 percent to $773.5 million in March dragged down by a steep decline at its Pou Sheng’s retail segment.
Report: Kohl’s Sees Offer From Franchise Group
Franchise Group, Inc., the owner of The Vitamin Shoppe, Buddy’s Home Furnishings and other retail chains has offered $9 billion, or $69 a share, to acquire Kohl’s Corp, sources told Reuters.
T&C Surf Names New President
Craig Sugihara, founder and owner of T&C Surf Designs, appointed his son Ryan Sugihara president.
