SGB Update Footwear
Crocs’ Q3 Blows Past Analyst Estimates On 73 Percent Revenue Gain
Crocs, Inc. reported sales surged 73.0 percent in the third quarter, led by a 94.5 percent gain in the Americas region. Earnings more than doubled. Crocs said it now expects sales growth in the range of 62 percent and 65 percent in 2021 and exceed 20 percent in 2022.
Filson’s Parent Appoints CFO
Filson’s parent company, Bedrock Manufacturing Co, has appointed Michele Santana as its chief financial officer.
FDRA Calls On President Biden To Remove Tariffs On Kids’ Shoes As Inflation Spikes
The Footwear Distributors and Retailers of America (FDRA), on behalf of American families, sent a letter to President Biden asking him to eliminate 301 Tariffs on kids’ shoes.
New Balance Establishes Athlete Advisory Board
New Balance announced the establishment of the New Balance Athlete Advisory Board, a specialized collective of professional athletes, company executives and brand associates “that will enable strategic decisions powered by shared values, culture, and community.” The new structure reflects a shift in its athlete endorsement deals toward a partnership model relationship over a sponsorship.
REI Co-op To Open Store In Athens
REI Co-op announced plans to open a retail store in fall 2022 in Athens, representing its sixth store in Georgia.
The NPD Group To Be Acquired By Hellman & Friedman
The NPD Group announced that Hellman & Friedman, the private equity firm, has made a binding offer and entered into an exclusive agreement to acquire the company.
Moosejaw Opens Store In Bentonville
Walmart-owned Moosejaw is opening a retail store in Arkansas on October 21. The store is located in Bentonville, near to where Sam Walton opened his 5 & 10 in 1950.
Fleet Feet Adds Florida Locations With Acquisition Of FITniche
Fleet Feet announced that it has successfully acquired specialty running retailer FITniche and its three locations in the Tampa, FL area.
AKU Outdoor Appoints Midwest And Great Lakes Reps
AKU announced that Parallel 45 Sales Group has been retained as its new sales team partner.
L.L. Bean Seeing Back Orders Grow Amid Supply Chain Strains
L.L. Bean is seeing back orders build as it grapples with challenges securing product amid the ongoing port congestion and other supply chain challenges, CEO Stephen Smith told WCVB-TV.
Anta Sports Sees Q3 Sales Gains
Anta Sports reported retail sales of its core Anta brand increased low-teens in the third quarter year-over-year and delivered mid-teens positive growth as compared to the same period of 2019.
Kathmandu Appoints New Director
Kathmandu Holdings Limited announced the appointment of Abigail Foote as a director of the company.
Saks E-Commerce Platform Prepares For IPO
The e-commerce business of Saks Fifth Avenue is planning an initial public offering that would value the company at about $6 billion, according to a report in the Wall Street Journal.
Crocs Hires Chief Product And Merchandising Officer; Announces Promotion From Within
Crocs Inc. announced that Lori Foglia was hired as senior vice president and chief product and merchandising officer and that Erik Olson was promoted to senior vice president, global sourcing and product execution.
Gordmans, Peebles, Goody’s, And Palais Royal Store Banners For Sale
Hilco Streambank is soliciting offers for the retail store banners, private label brands and associated domain names, utilized by Gordmans, Peebles, Goody’s, and Palais Royal department stores.
