SGB Update Footwear
San Pedro Bay Ports Announce New Measure To Clear Cargo
In an effort to improve cargo movement amid congestion and record volume, the ports of Long Beach and Los Angeles will begin assessing a surcharge to ocean carriers for import containers that dwell in marine terminals.
Li-Ning Sees Robust Q3 Revenue Gains
China’s Li-Ning Company Ltd. reported same-store sales for the third quarter ended September 30 rose in the high-twenties increase on a year-on-year basis.
Columbia Sportswear Promotes Burns To VP, Investor Relations And Strategic Planning
Columbia Sportswear Company promoted Andrew Burns to vice president, strategic planning and investor relations.
Golf Rounds Played Decline 8.0 Percent In September
According to Golf Datatech, golf rounds played were down 8.0 percent in September but are still ahead 8.4 perfect year-to-date.
Michael Jordan’s 1984 Sneakers Set Record In Auction Sale
A pair of sneakers worn by NBA Michael Jordan early in his career sold Sunday at a Sotheby’s auction in Las Vegas for nearly $1.5 million, setting a record price at an auction for game-worn footwear.
Allbirds Seeks $2 Billion Valuation In IPO
Allbirds Inc aims to be valued at over $2 billion in its initial public offering, according to an updated filing with the Securities & Exchange Commission.
JD Sports Acquires Majority Stake In Greece’s Cosmos
JD Sports Fashion Plc announced that it acquired 80 percent of Cosmos Sport S.A. Based in Crete, Greece, Cosmos operates 57 stores in Greece and three in Cyprus under a variety of retail banners and associated trading websites.
Eddie Bauer To Close All Stores In Japan
Eddie Bauer Japan Co. plans to close all of its approximately 60 stores and online shopping website by the end of December as the brand exits the Japanese market, according to The Japan Times.
Puma To Sponsor Northern Colorado Hailstorm FC
Puma announced an official partnership with Hailstorm FC, Northern Colorado’s first professional soccer team.
The Ironman Group Acquires Indoor Cycling App Fulgaz
The Ironman Group announced the acquisition of the indoor virtual cycling app, FulGaz as part of a plan to expand its connected fitness offerings.
NRF Survey: Holiday Spending To Be Even With 2020 Levels
Consumers plan to spend $997.73 on gifts, holiday items and other non-gift purchases for themselves and their families this year, on par with consumer spending last year, per the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics.
VF Corp. Reaffirms Outlook Despite Slight Quarterly Miss
VF Corp. reported revenue climbed 23 percent in its second quarter ended October 2, led by a 31 percent gain at The North Face. Vans sales grew 8 percent and Dickies grew 21 percent. Companywide earnings and sales were slightly below Wall Street’s targets but VF reaffirmed its full-year earnings outlook.
Adobe Forecasts Record Online Sales, Continued Supply Chain Issues
Adobe expects U.S. holiday sales online to hit $207 billion from November 1 to December 31, setting a record high. This represents a 10 percent increase from 2020, a strong growth rate after a year where the pandemic made e-commerce an essential service. On the negative side, a weakened supply chain is leading to a hike in out-of-stocks and driving up online prices.
Genesco Names Chief Financial Officer
Genesco Inc. announced that Thomas A. George has been named senior vice president, finance, and chief financial officer. elevating his role from the interim position he has held since December 2020.
361 Degrees Sees Double-Digit Growth In Third Quarter
The Chinese apparel and sneaker company 361 Degrees reported retail sales of its core branded products for the third quarter of 2021 recorded low-teens growth compared to the same period of 2020.
