SGB Update Footwear

EXEC: U.S. Shoppers Are Under the Influence of Influencers
Now it’s the content creator, or influencer that is moving the market for brands, products, food, restaurants, new stores, and just about anything that requires a decision on the part of a consumer. If you are a marketer, you know this story all too well.

Report: Retail Traffic Trends at Nike and Lululemon Ahead of Earnings
With less than 24 hours before Nike and Lululemon report their most recent quarterly results to the market, a recent report from Placer.ai appears to be rather timely as brands, retailers, investors, and consumers look for the bigger picture.

Topgolf Callaway Not Aware of any Sale Discussions
Topgolf Callaway reported today that the company is “unaware of any discussions” regarding the sale of the business.

Sportsman’s Warehouse Adds Two Key Leadership Hires
The company named Krischelle Tennessen as chief human resources officer and Michael Simpson as chief information officer .

Academy Sports and Outdoors Taps Google, Walmart Vet for Board Director
Monique Picou has over 30 years of supply chain, logistics, strategic planning, operations, digital/technology, and engineering experience. She has worked as the global EVP of Google Cloud supply chain and operations at Alphabet, Inc. since March 2023.

Report: How Retailers and Consumers are Handling Customer Returns
Consumers are more mindful of changing return policies, which results in fees and shortened return windows. What can retailers do to improve customer relationships, as return rates are at 14.5 percent of sales?

Lululemon Appoints Teri List as New Board Member
List currently sits on the Boards of Directors for Microsoft, Visa, Danaher, and DoubleVerify. Previously, she was the EVP and CFO at Gap, Inc., Dick’s Sporting Goods, and Kraft Foods Group.

Famous Footwear Parent, Caleres Inc., Posts Flat Sales in Q4 Despite Extra Week
The parent of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, eked out a slight increase in net sales for the 14-week period ended February 3, increasing just 0.1 percent to $697.1 million, helped by the extra week.

NGF Releases Latest State-By-State Golf Report
Florida has had a specialty license plate, a source of funding for FL junior golf programs, that identifies it as the “Golf Capital of the World.”

Report: Retail Industry Continues to be Largest Private-Sector Employer
The retail industry supported 55 million full- and part-time jobs in 2022, accounting for 26 percent of total U.S. employment, according to a new report released by the NRF.

Caleres, Inc. Hires Liz Dunn for Strategic Planning and Communication Chief
The parent of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, hired Liz Dunn as SVP of corporate development and strategic communications

Hibbett, Inc. Sees Q4 Net Income Decline as Comp Sales Fall 6.4 Percent
Brick-and-mortar comparable sales declined 9.2 percent, while e-commerce increased 6.9 percent on a year-over-year basis, excluding the impact of the 14th week. E-commerce represented 18.9 percent of total net sales for the Fiscal 2024 Q4 period.

Amazon’s Inaugural Big Spring Sales Event Begins March 20
Amazon’s first Big Spring sale kicks off on March 20 and runs through March 25. Free Prime shipping applies during the sale with free same-day or one-day delivery.

Fleet Feet Strengthens Leadership Team; Expands Roles To Fuel Growth
With a network of almost 200 franchise stores, Fleet Feet continues its commitment to nurturing and supporting the success and health of its franchisees.

Dick’s Sporting Goods Sees Q4 Comps Up 2.8 Percent As Net Grows 26 Percent
Dick’s Sporting Goods expects fiscal 2024 full-year comparable store sales growth to be in the range of 1.0 percent to 2.0 percent and net sales in a range of $13.00 billion to $13.13 billion.