SGB Update Footwear
The Buckle Sees Comps Slide Again in Fiscal September
Net sales for the September fiscal month ended October 5 decreased 2.5 percent to $100.6 million from net sales of $103.1 million for the prior-year 5-week fiscal month ended September 30, 2023.
Report: Team Sports Participation Highest in Ten Years
SFIA)released its 2024 U.S. Trends in Team Sports Report breaks down data for 24 team sports by youth and young adult team participation and includes information on coaches, training and trends to watch for in 2024.
Authentic Brands Group and Saks Launch New Luxury Platform
Through its focus on innovation and global expansion, ALG aims to generate growth opportunities and create value for its strategic licensing and distribution partners, each of which bring distinctive positioning, loyal followings and significant global potential.
Costco Comps Grow 8.9 Percent in September Ex-Fuel
Costco Wholesale Corporation reported net sales of $24.62 billion for the five weeks ended October 6, an increase of 9.0 percent from $22.59 billion last year.
Rock/Creek Outfitters to Rebrand to Gearhead Outfitters
Chattanooga, TN-based Rock/Creek Outfitters announced it rebranded to Gearhead Outfitters, which it acquired in 2019.
Nordstrom to Open Rack Store North of Dallas
The 26,000-square-foot store will be located at The Gates of Prosper, a shopping center that includes Target, Sephora, and HomeGoods, owned and operated by Blue Start Land.
Import Volume Remains Strong Despite Recent Dockworker Strike
The NRF and Hackett Associates, in its recent Global Tracker Report, expect continued elevated shipment levels through October at the nations major container ports despite the recent strike by dockworkers.
Bain Forecasts Record Black Friday/Cyber Monday Sales
U.S. retail sales over Black Friday – Cyber Monday (BFCM) weekend may set a new record, surpassing $75 billion in sales, according to a forecast from Bain & Company. The weekend is expected to deliver year-over-year growth of around 5 percent, outpacing Bain’s overall holiday sales growth forecast of 3 percent for the entire holiday season.
Golden Goose Debt Ratings Affirmed After Suspended IPO Process
S&P Global Ratings affirmed Golden Goose SpA ‘s debt ratings and removed the ratings from CreditWatch Positive as the Italy-based luxury footwear company has suspended its plans to undergo an initial public offering (IPO).
Sqairz Secures Strategic Investment to Expand Across Sports
Golf footwear upstart Sqairz announced a “significant” strategic investment from Thirty-5 Capital. The funding will be used to help Sqairz expand across multiple sports, including baseball and pickleball.
Association of Golf Merchandisers Adds Vendor Advisory Board Member
Susan Shade is an industry veteran with over 30 years of professional management experience in apparel, golf, fitness, and e-commerce. At Tharanco Lifestyles, Shade oversees the golf division, which includes distributing the Greg Norman Collection to over 50 countries.
NuOrder by Lightspeed Appoints New Head of Revenue
Chris Akrimi, most recently, was the CEO of The Layer, a tech company that “transforms commerce data through AI. ” There, he focused on positioning the company at the “forefront of AI-driven product data management.”
Footasylum Secures Funding to Drive Expansion
The company secured a £35 million ($46 mm) revolving credit line from HSBC to support expansion and sustainability initiatives, and set a goal to achieve carbon net zero for Scope 1 and 2 emissions by 2030 and Scope 3 by 2040.
JCPenney Bogged Down by Soft Traffic in Q2
The retailerr eported a net loss of $96 million in the second quarter, which ended August 3, as same-store sales declined 7.7 percent. The loss compares with earnings of $19 million a year ago. Net sales declined 8.9 percent to $1.53 billion from $1.68 billion.
Adidas’ UK Sales Fall 9 Percent in 2023
Companywide, Adidas’ sales in 2023 declined 5 percent to €21.4 billion in Euro terms with flat currency-neutral revenues. The discontinuation of the Yeezy business represented a drag of around €500 million on the year-over-year comparison during 2023.
