SGB Update Footwear
Rocky Brands Swings to Q1 Profit as Organic Sales Grow 7.6 Percent
The owner of the Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, Xtratuf, and Ranger brands divested the Servus brand in the year-ago period, which boosted sales and margins on an organic basis.
Rocky Brands Inks Comprehensive Debt Refinancing Deal
The debt refinance agreement includes a $175 million revolving credit facility and a $50 million term facility, amending and restating the company’s existing $175 million revolving credit facility with Bank of America.
Wolverine Worldwide Appoints Chief Legal Officer and Corporate Secretary
Dave Latchana was promoted to chief legal officer and corporate secretary, overseeing the company’s legal, compliance, corporate communications, risk management, ESG, security, and loss prevention functions.
Sal Barbier Returns to Etnies as Creative Director for SLB Line
Barbier starts his role with the relaunch of the Sal 23 for Holiday 2024. He is “designing an SLB by Etnies collection that will launch in Spring 2026.
Skechers Opens First Concept Store In Brussels
Skechers expanded its retail presence across Belgium with a new 5,270-square-foot store showcasing the brand’s footwear, apparel and accessory collections.
Birkenstock Opens First Flagship in Mumbai
Celebrating 250 years of tradition in shoemaking in 2024, Birkenstock opened its first flagship store in Mumbai, marking its commitment to the region.
Rally House Opens Storefronts in Chicago, New Jersey, New York, and Kentucky
The retailer opened Rally House Old Orchard (Chicago), Rally House Deptford Mall (Deptford, NJ), Rally House Jefferson Mall (Louisville, KY), Rally House Walden Galleria (Buffalo, NY)
Report: U.S. Footwear Market Flat Year-Over-Year in First Quarter
Circana is reporting that the footwear market turned a corner in the first quarter, in terms of retail sales, as U.S. footwear industry sales revenue remained on par with Q1 2023, at $9.1 billion, and units sold experienced a 1 percent lift.
Report: Sporting Goods Manufacturers’ Sales Grew 4.2 Percent in 2023
In 2023, the sporting goods industry grew 4.2 percent compared to 2022, reaching $121.66 billion, according to the SFIA report, and grew 26.8 percent compared to 2019 pre-pandemic levels.
Skechers USA Gets International and DTC Lift to Post Solid First Quarter Results
DTC sales grew 17.3 percent to $829.8 million for the quarter, including increases in APAC of 16.5 percent, AMER of 10.5 percent, and EMEA of 62.4 percent. Direct-to-consumer volume increased 15.5 percent and average selling prices increased 1.6 percent.
Columbia Sportswear Ups 2024 Profit Guide, Maintains Sales Decline
First quarter net sales decreased 6 percent to $770.0 million. The decline primarily reflects lower wholesale net sales in the U.S. and Canada, driven by retailer cautiousness, a challenging competitive environment and generally soft consumer demand.
Hoka to Open New Retail Store in Honolulu
Ala Moana Center, Hawaiʻi’s largest open-air shopping center, located steps away from Ala Moana Beach Park, will welcome Hoka as a tenant next month.
Deckers Brands Appoints President of Global Marketplace
The company promoted Marco Ellerker to the newly created role, effective August 1. Ellerker has worked in various operational roles at Deckers since 2017, most recently as SVP and GM of the EMEA region, Japan and Distributors Asia Pacific.
Foot Locker to Debut New Global Store Concept
As FL continues progressing against its Lace Up Plan, the retail experience delivers on the promise to “power up its portfolio while providing an omni-focused customer experience.”
Revelyst Hires Chief Supply Chain Officer
Effective April 22, Joe Beck, a longtime supply chain and business operations leader assumed the role as chief supply chain officer.
