SGB Update Footwear
Deckers Brands Sees Slower Growth Trend in Year Ahead
The parent of the Hoka, Ugg, Teva, Sanuk brands expects fiscal 2025 sales to grow 10 percent, compared to the 21 percent growth achieved in fiscal 2024 and a 19 percent compounded annual growth rate over the past four years.
On Elects New Independent Member to Board
On elected Laura Miele as an additional independent member of its Board of Directors. Miele will also serve as a member of the Audit Committee.
Puma SE Appoints Supervisory Board Members
Harsh Saini and Roland Krüger were appointed independent members of the company’s Supervisory Board for a three-year period.
Shoe Carnival Posts Q1 Comp Sales Decline; Net Sales Up on Acquisitions and E-Commerce
Sales from the February 2024 acquisition of Rogan Shoes, Inc. were in line with expectations and continued growth in Shoe Station and e-commerce, combined with strengthening trends in the Shoe Carnival brand.
VF Corp. Appoints Paul Vogel as Chief Financial Officer
As previously announced, he will succeed Matt Puckett, who will be stepping down, effective July 8, 2024.
Vans Brand and Americas Region Continue as Biggest Issues for VF Corp. Turnaround
TNF was down 5 percent in Q4, with brand DTC up 6 percent in reported terms or up 7 percent in constant-currency (CC) terms. Vans was reportedly down 26 percent (-27 percent CC) year-over-year (YoY) for the period,
SFIA Promotes Kerman and Hoffman to New Roles in the Organization
Alex Kerman is now the association’s senior director of research and business operations and Chandler Hoffman is director of membership and technology.
Insite Performance Hires Nike Veteran as Director of Innovation
Dr. Caleb Dyer brings over a decade of experience to the role in engineering footwear polymers, having served as a material innovator, Polymer Lab manager and lead chemical engineer at Nike since 2012.
Urban Outfitters, Inc. Beats Q1 Street Estimates as Comps Rise in Mid Singles
The increase in Comparable Retail segment net sales was driven by high-single-digit positive growth in digital channel sales and low-single-digit positive growth in retail store sales.
Report: Cities in Florida Top U.S. Charts in Freelancer Population and Revenue Growth
The 7th Annual Freelance Economic Impact Report also identifies major growth across Texas while traditional business hubs like San Francisco and New York remain stagnant.
Target Corp. Sees Flattish Bottom Line in Q1 as Comps Fall in the Mid Singles
Total revenue for the quarter was down 3.1 percent year-over-year to $24.5 billion, said to reflect a total sales decline of 3.2 percent and a 3.9 percent increase in other revenue.
TJX Ups Full-Year EPS Guidance as Q1 Comps Rise 3 Percent
The company said it saw comp sales growth at every division entirely driven by customer transactions, which underscores the strength of our value proposition.
WFSGI Makes Emma Zwiebler’s CEO Appointment Permanent
Zwiebler joined the WFSGI six years ago where she previously held the position of VP for Strategic and External Affairs. Zwiebler is a Trustee of the charity Switch the Play Foundation. She was appointed as interim CEO on November 1, 2023.
Deloitte: Summer Travel Stays the Course Amid Pricing Pressures
As costs takeoff, shifting demographics and desire to stretch dollars are likely changing how Americans travel. In its new report, Vacations Pass the Value Test: 2024 Deloitte Summer Travel Survey, Deloitte examines the trends and preferences that could shape the upcoming summer travel season.
Academy Sports + Outdoors Opens First Ohio Store, Expands Footprint to 19 States
The Zanesville, OH is roughly 54,000 square feet, marking the third store the retailer has opened in 2024. Academy plans to expand its retail footprint by opening 15-to-17 stores in its fiscal 2024 year, with 160-to-180 new stores over the next five years.
