SGB Update Footwear
Caleres Appoints Brian Costello as Chief Merchant at Famous Footwear
Costello was, most recently, the footwear DMM at Nordstrom. He will oversee all buying and merchandising, including women’s, men’s and kids’ athletic and fashion footwear and accessories, for the brand’s U.S. and Canada stores and e-commerce sites.
Taos Footwear Gets $65 Million Influx, Loans from Investment Firm
Prospect Capital Corp. has provided a first lien senior secured term loan, a first lien senior secured convertible term loan and a preferred equity investment to Taos Footwear Holdings, LLC in collaboration with the company’s founder and leadership team.
Cole Haan Opens Store in Flatiron District, its Third Location in New York City
The store is in a 1904 Neo-Renaissance landmark building. The company said the 1,622-square-foot retail space represents the company’s global store expansion initiative.
Nordstrom, Inc. Plans to Open New Rack Store in Lake Grove, NY
The new retail location expands the company’s physical footprint and economic impact in New York, where it currently operates five Nordstrom stores and 10 Nordstrom Rack stores, generating over 1,900 jobs statewide.
Ortholite Appoints Commercial Director for OrthoLite India
Pankaj Kumar joins OIN in its newly expanded manufacturing facility in Ambur, Tamil Nadu, India, which “enables increased capacity to two million pairs of insoles per month.”
Report: Flat U.S. Footwear Retail Sales Led by Sport Lifestyle Growth in 2024
Circana reports that U.S. footwear industry sales totaled $89.2 billion in 2024, a flat performance year-over-year, with the sport lifestyle category generating $31 billion in sales to lead all categories for the year.
Outdoor Retailer and Surf Expo Parent Re-Works Term Loan and Revolver
A portion of the proceeds of the Term Loan Facility were used to refinance all existing loans outstanding under Emerald’s previous senior secured credit facilities, and to pay costs and expenses in connection with the refinancing.
Arc’teryx Makes Three Strategic Leadership Appointments
Industry veteran Matt Bolte has been named chief merchandising officer, with Marissa Pardini as general manager and Ben Stubbington as creative director of its Veilance brand.
Tractor Supply Inks Licensing Deal with Field & Stream
Tractor Supply will launch the first Field & Stream collection in June. Over time, Field & Stream products will include gun safes, hunting blinds, deer feeders, game cameras, and more.
REI to Relocate Eugene Store to Oakway Center
The Oakway Center space will be one level and nearly 10,000 square feet larger than the current store with larger product assortments, improved dressing rooms and ample warehouse space. The 41 employees that work at the store can relocate to the new location.
Oofos Appoints Chief Marketing Officer
Liz White brings over 20 years of marketing experience to the newly created role overseeing global marketing efforts and direct-to-consumer business.
Brookfield-Backed Trimco Group Acquires Nexgen Packaging
Nexgen Packaging’s management team will continue to manage the business under its current CEO, Jim Welch. The acquisition will allow both companies to integrate their global sales and manufacturing networks.
BJ’s Wholesale Club Adding Ohio Ambient Distribution Center
The new 500,000-square-foot facility, expected to open in early 2027, will join eight BJ’s clubs in the state.
Circana Sees Consumers Shift Back to Value and Need in January
During the combined weeks ending January 11 and January 18, discretionary spending was down flat compared to the prior year, the company reported, with major environmental events impacting the country.
Bass Pro Shops To Open Outdoor Superstore in Mississippi
The new 75,000-square-foot outdoor superstore is scheduled to open in 2027 along the I-10 corridor in Biloxi, MS. This will be the first Outdoor Superstore for Bass Pro Shops in southern Mississippi.
