SGB Update Footwear
Merrell and Saucony Post Above-Plan Q3 Sales; Parent Lifts FY Guidance
Wolverine World Wide, Inc. raised its revenue and earnings guidance for the year after sales in the third quarter, which exceeded company expectations, driven by above-plan performances from Merrell and Saucony. Gross margins expanded 450 basis points on significantly lower inventory levels.
Allbirds Resets Distribution Agreements for Europe and Latin America
Allbirds, Inc. signed distribution agreements with Chris Sports in Europe and Wystam in Latin America. The company has now signed distribution agreements with 11 companies globally.
Allbirds’ Sales Decline 25 Percent In Third Quarter
Allbirds, Inc. logged a loss of $67.6 million in the third quarter as sales fell 25 percent, in line with guidance. The footwear maker slightly improved its earnings guidance for the year while lowering its sales targets.
Revolve Group’s Q3 Profits Surge On 10 Percent Sales Growth
The online fashion retailer reported adjusted earnings jumped 85 percent in the third quarter ended September 30 on a 10 percent revenue gain.
Kizik Appoints Nike Veteran as Design Chief
Andreas Harlow, a 22-year Nike veteran, joins the hands-free footwear brand after serving as VP/global footwear creative director for Jordan Brand for the last three years.
Vulcabras’ Q3 Sales Expand 7 Percent
Brazil’s Vulcabras reported sales increased 7.3 percent to R$784.6 million ($135 mm) in the third quarter with growth seen at its owned Olympikus brand as well as licensed Mizuno and Under Armour athletic footwear brands.
NRF Study Sees Sharp Increase in Cost to Consumers with Tariff Increase
The National Retail Federation is suggests in its latest study that U.S. consumers could lose between $46 billion and $78 billion in spending power each year if new tariffs on imports to the United States are implemented.
Bogs and Florsheim Parent Weyco Group Sees Q3 Profits Slide on DD Sales Decline
The parent company of the Florsheim, Bogs, Nunn Bush, and Stacy Adams brands reported third quarter revenues fell 12 percent year-over-year to $74.3 million. Earnings from operations totaled $10.2 million in the third quarter, down 18 percent.
ICSC Sets 2025 Transition Plan for Chief Operating Officer Role
International Council of Shopping Centers, is reporting that Whitney Livingston will join the trade association as chief operating officer in March 2025, succeeding Valerie Richardson, who plans to retire at the end of 2025.
Study: U.S. Consumers See Climate Change Top of Mind for the Future
The NIM Study found that Americans have a cautious eye on the future and challenges that are on the way despite more pressing issues that are having a tangible impact on their lives today.
Report: Performance Footwear Sales Flat for Q3 as Running Grows on Higher ASPs
Running Footwear sales maintained momentum, with sales up 4 percent in the quarter. Average selling price growth driven by mix shifts offset unit declines.
KMD Brands Europe Appoints Outdoor Division Brand Manager
Pascale Kaiser is expected to lead the development and expansion of the Kathmandu and Oboz brands across Europe, reporting directly to the president of KMD Brands Europe.
Nike Appoints New Chief Diversity Officer
Kizmet Mills was previously a senior director in Nike’s DEI division. Her role becomes effective on November 11. She replaces James Loduca who announced his exit on LinkedIn.
Mount to Coast Taps Brooks’ Doug Rosenberg as U.S. Country Manager
Mount to Coast, the running footwear start-up based in Hong Kong, named Doug Rosenberg as its U.S. country manager. Most recently, Rosenberg served as Brooks Running’s director of global footwear business and strategic sourcing,
U.S. Olympic and Paralympic Properties Name Nike Exec as CEO
John Slusher, Nike’s long-tenured sports marketing EVP, was named as CEO of the U.S. Olympic and Paralympic Properties (USOPP) for the 2028 Los Angeles Olympics. Ann Miller, the company’s executive vice president, chief legal officer and a 14-year Nike veteran, will replace Slusher as EVP of global sports marketing.
