SGB Update Footwear
RealReal Names New CEO
RealReal appointed Rati Sahi Levesque, the luxury resale marketplace’s president and COO, as CEO, effective immediately. Levesque succeeds John Koryl, who has departed from the company and no longer serves on the Board.
X-Bionic Secures Investment from Olympic Skier Marco Odermatt
X-Bionic reported that Olympic gold medalist and three-time Alpine World Cup champion Marco Odermatt has become an investor in the Swiss apparel specialist. The amount of the investment was undisclosed.
Adidas’ Debt Rating Outlook Upgraded as H1 Performance Exceeds Targets
S&P Global Ratings raised its debt ratings outlook on Adidas AG to stable from negative due to the company’s stronger-than-expected operating performance and its expectation that the brand’s growth momentum will continue.
OluKai to Open Store at Walt Disney World Resort
OluKai plans to open a store at Disney Springs, an outdoor shopping complex at the Walt Disney World Resort in Lake Buena Vista. The opening will mark the Hawaii-based sandal maker’s first store in Florida.
On Opens Flaghips in NYC and Chicago
Swiss-running brand On opened flagship stores in Chicago and New York City, bringing its store count in North America to eight. In 2020, the company opened its first global store in SoHo, a neighborhood in Lower Manhattan.
Skechers U.S.A. Posts Double-Digit Q3 Sales Growth with Strength Across Channels
Third quarter sales increased 15.9 percent to $2.35 billion, with a 16.4 percent increase internationally and a 15.3 percent increase domestically. On a constant-currency basis, sales increased 15.9 percent year-over-year (y/y).
Columbia Brand Appoints Marketing Chief; Launches New Brand Vision
Matt Sutton, as senior vice president and head of marketing for the Columbia brand, was hired as the Columbia Brand has reportedly worked to bring a new strategic vision to life internally over the last few months.
Craft Sportswear to Open Pop-Up in SoHo During NYC Marathon
The retail space will serve as Craft’s “basecamp” during the New York City Marathon (November 3, 2024), where it will host events and feature the Kype Pro, the brand’s latest shoe designed for elite runners.
Ken Hicks Takes the Reins at PetSmart LLC
The former Foot Locker, Inc., Academy Sports + Outdoor, Inc. and JC Penney Chief Executive has been named President and CEO, effective October 31. Hicks will also serve on the company’s Board of Directors.
Ortholite Hires VP of Operational Excellence
With over two decades of experience in footwear and manufacturing, Raj Santhana, most recently, worked at Bata as the global head of Quality in Singapore.
NRF Expects 2024 Holiday Spending to Reach New Record
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items, according to the NRF’s latest consumer survey conducted by Prosper Insights & Analytics.
Nordstrom to Open Two New Rack Stores in Florida
Nordstrom plans to will open two new Nordstrom Rack stores in Melbourne (24,000 square feet) and Sarasota (27,000 square feet) Florida, in fall 2025 and spring 2026, respectively.
Report: U.S. Retail Saw Deep Declines in Fashion Categories in Fiscal September
The weakness un the apparel, footwear and accessories categories may lead to some pent-up demand for the Holiday selling season after lagging the stable performance seen in other categories at retail for the 5-week period.
Nike Renews Contract with NBA and WNBA for 12 Years
Nike, Inc. signed on to remain as the exclusive uniform and apparel provider for the National Basketball Association, the WNBA and the G League for another 12 years.
Zamberlan Hires North American Sales Manager
The Italian outdoor footwear brand hired Bill Johnson, formerly at Zappos.com, as North American sales manager. He spent the last 19 years as the Outdoor Footwear Buyer at Zappos.com
