SGB Update Footwear

Boot Barn Ends the Year with 400 Doors, with Q4 Comps Falling in Mid Singles

An 8.7 percent decrease in net sales was said to be the result of the decrease in consolidated same-store sales and the impact of a 13-week quarter when compared to a 14-week quarter in the prior-year Q4 period, partially offset by the incremental sales from new stores opened over the past twelve months.

Vasque Footwear Expands Waypoint and OSM Sales Partnerships

Vasque expanded Waypoint Outdoor’s coverage to the Southwest and South Central regions, while Outdoor Sports Marketing now extends its reach to the Mid-Atlantic—the two groups now represent six of Vasque’s sales regions.

Meijer Opens New Supercenters in Michigan and Northeast Ohio

Meijer opened its first store in Michigan in 1934. Today, it opened a new 159,000-square-foot supercenter in Hillsdale, MI and two new 159,000-square-foot supercenters in Northeast Ohio. This summer, the retailer will celebrate its 90th anniversary as a family-owned Midwest retailer.

Superfeet Hires New CFO

As chief financial officer, Kathryn McKenzie is expected to have a key role in “activating Superfeet’s expansion into medical and industrial/work communities, supporting its mission to be the life-changing shape under every foot.”

Adobe: U.S. E-Commerce Spend Expands 7 Percent Through April

Adobe released its online shopping data for the first four months of 2024, showing sales rose 7.0 percent year-over-year to $331.6 billion. The company’s research found that consumers have traded down to less expensive goods across major e-commerce categories.

Allbirds Inc. Sees First Quarter Revenues Drop 28 Percent

Allbirds, Inc. posted a loss in the first quarter as sales skidded 27.6 percent; however, the manufacturer of eco-footwear reported revenues were in line and adjusted earnings above guidance and cited progress with its restructuring efforts. Allbirds reiterated its outlook for 2024.