SGB Update Footwear
BOA and Primaloft Parent Launches Stock Buyback Program
Compass Diversified, owner of BOA, Primaloft, 5.11 Tactical, Velocity Outdoor and other active lifestyle brands, said its board authorized the repurchase of up to $100 million of stock.
Play It Again Sports Parent Sees Flat Profits In Q3
Winmark Corp., the parent of Play It Again Sports, reported flat earnings in both the third quarter and nine months ended September 28.
Arris Composites Selected for U.S. Army for Study on Carbon Fiber Boot Plates
The company was selected by the U.S. Army for a study on the use of advanced carbon fiber plates in military boots. The project builds on Arris’ development of a carbon fiber plate for Brooks’ Hyperion Elite 4 running shoe.
Shoe Show Reports Cyber Security Incident
The retailer reported a cyber security incident involving a Shoe Show employee e-mail account. Shoe Show filed a data breach notice detailing the incident with the Attorney General of Maine, on October 9.
Deloitte Forecasting 8 Percent Bump in 2024 Holiday Season Spending
The firm reported that consumers will bargain shop even if it means choosing value over loyalty. The business advisory firm also sees a ramp up in experience gifting to more than offset flat sales in traditional merchandise.
Astral Appoints Head of B2B Sales
As head of B2B Sales, Christian Mason will strengthen long-term relationships with key partners for Astral and optimize sales performance across all branded product.
NRF Sees 2024 Holiday Selling Season Growth Lowest Since 2018
“Household finances are in good shape and an impetus for strong spending heading into the holiday season, though households will spend more cautiously.” – NRF Chief Economist Jack Kleinhenz.
Ironman Hires EVP of Global Partnerships
The Ironman Group added Yanni Andreopoulos, formerly at ABB FIA Formula E, as executive vice president of Global Partnerships.
B2B Inventory Marketplace Raises $40M in Funding Round
The private b2b marketplace for worldwide brands to sell surplus inventory to new buyers, raised $40 million in Series C funding led by L Catterton with participation from existing investors.
Footasylum Appoints Chief Commercial Officer and Senior Buying Director
Former Under Armour executive Will Van Rensburg was appointed the company’s chief commercial officer and ex-Reebok product director Glen Wilkinson to senior buying director.
Bootdoc Hotronic Expands Team with New Hires
Jay Vasquez was hired as a sales and product manager, working collaboratively with company Sales Director Ryan Eittreim. Robert Jones joins the company’s customer service team.
Report: Inflation Likely to Restrain Sales on Black Friday/Cyber Monday
A recent YouGov report report found that U.S. consumers expect to spend less during these iconic shopping days, with 27 percent planning to spend less and just 9 percent increasing their spend from last year.
Walmart U.S. Appoints Chief Growth Officer
Seth Dallaire, the retailer’s chief revenue officer, was named chief growth officer for Walmart U.S. Walmart’s U.S. Chief Product Officer, Jon Alferness, is leaving the company, but will work in an advisory role through the end of the year.
Nordstrom’s Head of DEI Departs
Colleen Mitchell, has left the company after just over two years in the role. Before joining Nordstrom in August 2022, she was head of DEI at Petco and prior to that, held a similar role at Amazon.
Modern Meadow Appoints CEO
Dr. Williamson will transition from president and chief operating officer to chief executive officer, effective October 14. He has worked in multiple roles since 2015 for the Bio-Vera sustainable-materials brand.
