SGB Update Footwear
Crocs, Inc. Appoints New Executive VP and CFO
Susan Healy assumes the role of executive vice president and chief financial officer of Crocs, Inc. from Anne Mehlman effective June 3. Mehlman was recently appointed president of the Crocs Brand.
Surf Expo and OR Parent Posts Solid Q1 with Sales and Profits Both Up
The owner and manager of the Outdoor Retailer and Surf Expo B2B trade shows in the active lifestyle market, and other large shows and conferences, posted revenues of $133.4 million in Q1 2024, an increase of 9.1 percent year-over-year.
Report: Crocs Brand Acceptance with Pop Culture Continues to Grow
According to the STI: Popstats 2023 dataset, in 2018, there was a gap of more than $6K between the median household income (HHI) in Crocs’ potential market ($81.0K/year) and in its captured market ($74.7K/year). But by 2023, the median HHI of the brand’s potential market ($75.5K) and captured market ($75.9K) had more closely aligned.
Nordstrom, Inc. to Open New Rack Location in Minnesota
The new 30,000-square-foot Nordstrom Rack store will be in Apple Valley, MN, and it is scheduled to open in spring 2025 in the Fischer Marketplace.
Report: Nordstrom Sees Interest from Sycamore Partners in Take Private Effort
Nordstrom, Inc., in its efforts to take the company private, reportedly received interest from buyout equity firm Sycamore Partners, according to early reporting from Reuters, citing “people familiar with the matter.”
Brooks Running Posts Record First Quarter as Global E-Comm Jumps 22 Percent
In Q1, the brand launched six new footwear styles contributing to 10 percent growth in footwear sales year-over-year in what the company said would be a record year for product introductions.
Columbia Sportswear Appoints VP Brand for Sorel
Michael Minter joined the company on April 29 with nearly 20 years of experience working in creative and marketing leadership roles for Sanuk, Billabong, Keen, DC, and Reef.
Banana Republic CEO Departs
Sandra Strangl mutally agreed to leave the company after four years at the helm as parent company, Gap, Inc., transitions to new leadership.
OrthoLite Adds Two Key Hires to Global Foam Innovation Team
Leading the charge on the expansion of OrthoLite’s Global Foam Innovation team is Shaw Kiat Phua who was hired as global operations chemical director. Ha Pham, a seasoned polyurethane specialist also joins the Global Foam Innovation team.
REI Co-op to Open Store in College Station, TX
The new store will be the outdoor retailer’s 11th in the state of Texas.
RIA Inducts 2024 Run Specialty Hall of Fame Members
The 2024 inductees are Jim Weber, Brooks Running; Colin Peddie, Marathon Sports; and Duncan Finigan, who was an Oofos executive, who passed away on May 26, 2019, from breast cancer.
Pentland Brands Names New President of Americas as Matt Rock Steps Down
Spies, formerly the senior vice president of sales for Pentland Brands North America, brings over 17 years of experience from his tenure at Converse, including his last role as vice president of its wholesale business for North America.
Under Armour Taps Yuron White as SVP, Sportswear, Run, Basketball/Curry & Collabs
White joins Under Armour from New Balance, where he was the VP of Global Lifestyle, Basketball and Innovation. Before that, he worked at Nike where, most recently, he was the VP of Performance Sports and Cross Category Concepts.
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
WWW entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company for Merrell and Saucony kids footwear and Merrell apparel and accessories.
Big 5 Sporting Goods Falls to Q1 Loss as Comps Fall 13.5 Percent
The company said the calendar shift of the Easter holiday, during which the company’s stores were closed, from Q2 2023 to Q1 2024, negatively impacted sales comparisons by approximately 100 basis points.
