SGB Update Footwear
Big 5 Sporting Goods Renews Five-Year Credit Facility with BofA
The company has entered into an agreement to amend and extend its credit facility with Bank of America, N. A., as administrative agent and lender.
Skechers Opens New Flagship in Prague, Czech Republic
Skechers now has eight retail locations in the Czech Republic, including five additional stores in Prague, Modřice and Ostrava.
ICSC Makes Final Argument for Brick & Mortar Holiday Shopping in New Survey Report
The membership trade organization serving the commercial real estate and retail industries reported physical stores remain an important part of holiday shopping, as 84 percent of surveyed respondents intend to shop in-store or visit a store to pick up an online order.
Nordstrom Sets Plan to Open Rack Store in Nashua, NH
The 30,000-square-foot store will be located in Royal Ridge Center, a shopping center that includes Marshalls, Sierra Trading Post, HomeGoods, PetSmart, The Paper Store, and other retailers.
Birkenstock Saw Fiscal Q4 Sales Growth Accelerate as Full Year Beats Forecast
The company said over 90 percent of wholesale growth came from within existing doors as key retail partners continue to expand the breadth and depth of their Birkenstock offerings to meet growing consumer demand.
Joybees Appoints Ken Dayley as CEO
From 2014 to 2018, Dayley provided global digital consulting expertise to New Balance to support growth in the U.S. and international expansion in Europe. From 2012 to 2014, Dayley worked as the digital development business manager for Finish Line, Inc.
Foot Locker CTO Elected to PRA Group Board of Directors
As Foot Locker’s CTO, Butler drives technology strategy, innovation and delivery across their digital, data and analytics, supply chain/merchandising and omni-channel experiences. In addition to serving on multiple boards, Butler is the recipient of numerous awards and recognitions.
Study: Shoplifting Increased 93 Percent Since 2019; Violence Jumped 84 Percent Since 2022
According to the study, retailers surveyed experienced an average of 177 shoplifting incidents per day in 2023; however, that number can reach over 1,000 depending on the retail sector.
Report: U.S. November Online Sales Up 9.8 Percent; SG Segment Down 1.4 Percent
November’s Core Retail Sales – as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were up 0.4 percent seasonally-adjusted m/m and up 3.8 percent unadjusted y/y.
Report: Resale Spending Trend Outpacing Traditional Retail
The findings collected by Consumer Edge show resale spending outpaced traditional retail in 2024, driven by budget-conscious consumers and an increased focus on sustainability amid an uncertain economic environment.
Report: Over 157M Consumers Plan to Shop on Super Saturday, with Almost Half Online
The NRF suggests that with only four days between Super Saturday and December 25, shoppers will likely embrace multiple channels as they wrap up their holiday shopping; however, e-commerce appears to be the top destination with 49 percent of respondents going online.
Rusty Saunders Passes Away After 60 Years in SG Industry
Rusty Saunders had a successful 60-plus-year career in the sporting goods industry, having worked in retail, manufacturing and sales. He was inducted into the NSGA Hall of Fame in 2013. Saunders passed away on December 8 at age 88.
Costco Says Consumer is Healthy as it Reports 7.5 Percent Q1 Sales Growth
The commentary surrounding the fiscal 2025 first quarter results for Costco Wholesale Corporation ranged from “mixed” to “beats” to “strong” on Thursday, December 12 after the retail warehouse giant posted its operating results for the twelve weeks ended November 24.
Nordstrom to Open New Rack Store in Lubbock, TX
The 30,000-square-foot store will be located in West End Center, which includes Costco, Nike Factory Outlet, Bass Pro Shops, World Market, and Marshalls/HomeGoods, among others. Graco Real Estate Development owns and manages the West End Center in Lubbock, TX.
Under Armour Celebrates Flagship Brand House Opening at New Baltimore HQ
Under Armour hosted a community event this past weekend to mark the official grand opening of its UA Flagship Brand House at Baltimore Peninsula.
