SGB Update Footwear

Puma Signs High School Basketball Star

Puma signed 17-year-old prep phenom Mikey Williams to an endorsement deal, making him the first American high school basketball player to sign a sneaker deal with a global footwear company.

Deckers Brands Sees 16 Percent Q2 Growth On Hoka Momentum

Deckers Brands reported sales increased 15.8 percent in its fiscal second quarter ended September 30, led by a 47.0 percent gain for Hoka One One. Ugg’s sales grew 8.0 percent. The company maintained its guidance for the year.

Skechers Slightly Lowers 2021 Outlook On Q3 Miss

Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year.

Columbia Sportswear’s Q3 Impacted By Delayed Inventory Receipts

Columbia Sportswear Co. reported sales in the third quarter ended September 30 came in below Wall Street’s targets as supply chain constraints impacted U.S. wholesale shipments. Earnings, however, topped estimates due to favorable gross margins and expense management and early-season Fall 2021 sell-through has been healthy. The company raised its EPS guidance while lowering its sales outlook for the year. 

Nike Opening Store In Pinecrest Mall

Nike is opening a store in Pinecrest Mall in Orange Village, OH, about 15 miles from Cleveland, according to a report in Cleveland.com.

NRF Predicts Highest Holiday Retail Sales On Record

Holiday spending has the potential to shatter previous records, as the National Retail Federation forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. NRF President and CEO Matthew Shay said, “There is considerable momentum heading into the holiday shopping season.”

Boot Barn’s Q2 Sales Surge 70 Percent

Boot Barn Holdings Inc. reported sales in the second quarter September 25 grew 69.5 percent against the year-ago period and 67.1 percent against the 2019 quarter.

Wolverine World Wide’s Credit Facility Rated By S&P

S&P Global Ratings assigned its ‘BBB-‘ issue-level rating and ‘1’ recovery rating to Wolverine World Wide Inc.’s refinanced senior secured credit facility, which comprises a $1 billion revolving credit facility and a $200 million term loan due 2026.