SGB Update Footwear
Nike E-Com Executive to Lead Sephora’s China Operations
Ding Xia is responsible for turning around Sephora’s ailing business in Mainland China.
Havaianas Parent Appoints Former Nike Exec as President Europe
Harm van de Camp will head up the European operations based in Madrid. He has over 18 years of experience in the footwear and fashion industry, having worked for Nike, leading the EMEA region across wholesale and DTC sales.
CNBC/NRF: March Retail Sales Grew 2.7 Percent
Total retail sales, excluding automobiles and gasoline, were up 0.36 percent seasonally-adjusted month-over-month and up 2.7 percent unadjusted year-over-year in March, according to the Retail Monitor.
Annual Footwear Study Sees Purchasing Most Consistent Around Promo Events
The 2024 Spring U.S. Footwear Consumer Survey found that athletic footwear will lead in purchasing growth this spring and summer, and footwear purchases are most consistently built around promotional moments when consumers can get their preferred brand at lower prices.
Study: Gen-Z Males Show Greatest Interest in Second-Hand Luxury Fashion
The luxury fashion resale industry is worth nearly $50 billion, with ongoing polling data showing that almost 35 percent of U.S. adults are at least “somewhat likely” to purchase second-hand luxury fashion and/or accessories in the next 30 days.
Salomon’s President & CEO Departs
Franco Fogliato, president and CEO of Salomon, is leaving the company for personal reasons. James Zheng, CEO, Amer Sports, will reportedly lead Salomon and the Outdoor Performance division on an interim basis.
Study: Gen-Z Lags Other Demos When Assessing Link Between Exercise and State of Mind
The Asics Corpration study of over 26,000 global respondents found that the more people exercise, the higher their State of Mind scores. Gen Z had the lowest scores, with an average of 62/100 compared to the Baby Boomers’ 68/100 and the Silent Generation’s 70/100.
The Buckle Appoints VP of Women’s Merchandising
Stacey Manary has been employed by The Buckle since September 1995 and, most recently, was the retailer’s director of women’s denim merchandising and operations.
The Buckle Comps Down 9.4 Percent in Fiscal March
Net sales for the 2024 fiscal March period decreased 8.0 percent to $104.3 million from net sales of $113.4 million for the prior-year comparative period.
EXEC: 361 Degrees Posts Strong Double-Digit Q1 Retail Sales Growth
Retail sales performance of the 361° core branded product in offline channels posted high-teens growth compared to the year-ago comparative period, while sales generated via the 361° e-commerce platform increased approximately 20 percent to 25 percent in Q1.
Carbitex Strengthens Global Team With New Hires
Filippo Sartor was hired as VP of global sales and Sam Gardner as VP of engineering and operations to better serve strategic brand partners, achieve forecasted growth in the short and long term and expand global market presence.
OrthoLite Expands Patent Protection for Hybrid Technology Line
As of April 2, 2024, OrthoLite holds three design patents protecting the visual aesthetics of its Hybrid line against knock-off products, and should competitors try to challenge its IP claim.
Macy’s Inc. Appoints Two New Board Members as Acquisition Talks Move Forward
Investor Arkhouse Management nominees Ric Clark and Rick Markee have been appointed to the Macy’s Inc. Board of Directors, heading off a broader proxy fight, while Macy’s and Arkhouse move forward with buy-out talks.
NRF: Despite Baltimore Port Shutdown, Import Cargo Expected to Hit 2M Containers
The Baltimore bridge accident will likely shift container imports and exports to New York/New Jersey, Virginia and other surrounding ports until a shipping channel is cleared, perhaps as soon as within a couple of months.
Allbirds, Inc. Receives Nasdaq Non-Compliance Notice on Closing Bid Price
Allbirds is no longer in compliance with Nasdaq’s Listing Rule 5450(a)(1) because the closing bid price of its Class A common stock has fallen below $1.00 per share for 30 consecutive days.
