SGB Update Footwear
Imbox Protection Opens Global HQ in Denmark
The biulding has two wings, one for administration and the other dedicated to storage and product development.
Report: First Quarter Results Show Economy is Slowing but “Remains Resilient”
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, according to recent comments from National Retail Federation (NRF) Chief Economist Jack Kleinhenz.
Crocs, Inc. Delivers Solid Q1 Results but HeyDude Weighs on Outlook
For the second quarter, Crocs Brand revenues are expected to grow 7 percent to 9 percent year-over-year while HeyDude Brand revenues are forecast to contract in the high teens, or a negative range of -19 percent to -17 percent.
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.
