SGB Update Footwear
La Sportiva Opens First Retail Store in the U.S.
The Boulder, CO store is reportedly part of La Sportiva’s global brick-and-mortar strategy that “aims to further integrate the brand into mountain towns worldwide.”
361 Degrees Int’l Owned-Retail Posts Strong Double-Digit Growth in Q4
Brick-and-mortar retail sales of 361º core-branded product increased over 20 percent year-over-year for the fourth quarter of 2023 ended December 31, while kids sales grew approximately 40 percent and e-commerce sales increased 30 percent.
NRF Foundation Adds Four Board Members
The new members from Gap, Inc., Dick’s Sporting Goods, Goodwill Industries, and Burlington Stores were elected during the organization’s winter board meeting in New York City, ahead of NRF 2024: Retail’s Big Show and the NRF Foundation Honors.
Fleet Feet Franchisee Adds Fifth Store in Ohio
The new store is the fifth location in the Cleveland area for franchisees and husband and wife team Heather and Jody Herzog.
Snipes Names New CEO as Co-Founder Transitions Out
Dennis Schröder, general manager of Snipes Europe business since April 2023, will succeed Voth and assume responsibility for Snipes Europe. Voth will remain an advisor, with an expected departure by January 1, 2026.
Under Armour Appoints New Americas President and Chief Product Officer
The company appointed Yassine Saidi as chief product officer and Kara Trent as president of the Americas. Both will report to company President and CEO Stephanie Linnartz.
Wolverine World Wide, Inc. Sells Sperry Brand
The sale of Sperry to Authentic Brands Group will reportedly generate total proceeds of approximately $130 million in the first quarter to pay down debt, further strengthening its balance sheet.
EXEC: Feng Tay December Trend Back in the Red and Full-Year Declines 10.6 Percent
Manufacturing revenues for one of the biggest Nike suppliers declined 1.7 percent in December to NT$7.7 billion, returning to the negative trend that has plagued the company for most of the year.
Columbia Sportswear Appoints Former Nike Brand President to Board
From 1979 to 2014, Denson held various positions at Nike, Inc., in different management roles, including president of the Nike Brand, a position he held from 2001 until his retirement in 2014.
REI Plans to Open 10 New Stores in 2024
The co-op will open stores at Arrowhead Promenade in Glendale, The River in Rancho Mirage, and St. George Place in St. George. The new St. George Place store will include a ski and snowboard shop.
Report: Two-Month Holiday Selling Season Sales Rose 3.07 Percent
Total retail sales for the full calendar year 2023 were up 5.32 percent over 2022, and core retail sales were up 4.46 percent.
Andy Campion Departs Nike, Heads Back to School
Nike’s managing director for strategic business ventures, Andy Campion, leaves the company, effective April 5, 2024, to help develop the UCLA Sports Leadership and Management Program at UCLA Anderson School of Management.
NRF Chief Economist Sees Potential Rough Road Ahead for Retail
The National Retail Federation’s Chief Economist Jack Kleinhenz believes consumers spent more than expected amid high inflation and interest rates during 2023, but spending growth is likely to slow in 2024.
Urban Outfitters Brand Gets New Leadership for North America
Shea Jensen will become president of Urban Outfitters Brand, North America, effective February 5, 2024, overseeing merchandising, marketing, digital and retail operations.
Urban Outfitters Posts Solid Holiday Sales Despite Declines at Namesake Brand Stores
Consolidated net sales for the two-month Holiday selling period ended December 31 increased 10 percent year-over-year, driving 11-month year-to-date sales up 8 percent year-over-year.
