SGB Update Footwear
Port Of Los Angeles Breaks Cargo Record In 2021, Sets Priorities For 2022
Breaking its previous calendar year record by 13 percent, the Port of Los Angeles processed about 10.7 million Twenty-Foot Equivalent Units (TEUs) during 2021. The milestone, a Western Hemisphere record, was announced by Port Executive Director Gene Seroka in his address at the Pacific Merchant Shipping Association’s Seventh Annual “State of the Port” event held virtually this year.
Inov-8 Makes France A Direct Market; Hires Sales Manager For The Region
UK-based Inov-8 announced its growth plans for France after adding the country to its portfolio of direct European markets. The brand also announced it had appointed Emmanuel (Manu) Fedon as sales manager for France.
Camping World Increases Stock Repurchase Program
Camping World Holdings Inc. announced that its Board of Directors has authorized an increase in its stock repurchase program after which $200 million remains available for the repurchase of the company’s Class A common stock.
NPD Sees Performance Footwear Climb Double-Digits In Fourth Quarter
The NPD Group reported performance footwear sales in the U.S. grew 12 percent in the fourth quarter against the pre-pandemic 2019 fourth quarter. Sales on the same basis of leisure footwear inched up 2 percent while fashion footwear declined 4 percent.
Kohl’s Receives Pressure From Two Possible Suitors
Kohl’s shares are set to surge Monday morning as the department store chain is reportedly fielding interest from two suitors at the same time that it’s grappling with multiple activist investors pressuring it to sell.
ICSC Survey: Holiday Sales Grew 17 Percent
As retail sales grew 17 percent year-over-year in November and December, ICSC’s (International Council of Shopping Centers) 2021 Post-Holiday Survey has found that consumers spent an average of $1,011 this holiday season, with 226 million consumers spending money on holiday gifts.
LVMH Luxury Ventures Invests In Aimé Leon Dore
LVMH, the French-based luxury conglomerate, has invested in New York-based streetwear label Aimé Leon Dore. The minority stake investment was made through its LVMH Luxury Ventures arm, which focuses on investing in emerging labels.
Walmart Appoints New U.S. E-Commerce Chief
Walmart has tapped Tom Ward to lead its e-commerce division after the departure of Casey Carl, according to a company memo as first reported by The Wall Street Journal.
Nike To Close Factory Store In Louisville
Nike closed a Nike Factory Store at Shelbyville Road Plaza in Louisville, KY.
Puma Sees Fourth-Quarter Results Ahead Of Analyst Targets
Puma reported stronger than expected preliminary quarterly sales and core profit as global demand helped offset the effects from the pandemic and supply chain constraints.
WFSGI Appoints Head Of Cycling
World Federation of the Sporting Goods Industry (WFSGI) announced that Michelle Smyth is its new head of cycling.
Report: Peloton Suspends Bike And Treadmill Production Amid Slowdown
According to a confidential internal presentation dated January 10 attained by CNBC, Peloton has paused its Bike production for two months, from February to March, due to a “significant reduction” in demand attributed to heightened price sensitivity and competition.
Aerosoles Acquired By American Exchange Group
American Exchange Group, a maker of accessories, announced it had finalized an agreement to acquire the assets of the comfort footwear brand, Aerosoles.
JD.com Partners With Shopify
Chinese online retailer JD.com announced it had formed a strategic partnership with Ottawa-based Shopify to help U.S. merchants sell their products in Mainland China. The partnership marks a step up in the China expansion for Shopify and is another in JDs internationalization trajectory.
GOA Report: 2021 Growth At Specialty Independent Outdoor Retail
GOA released sales data showing an uptick in holiday season sales and a record-setting two years of sales increases.
