SGB Update Footwear
Allbirds Appoints Joe Vernachio as CEO as Co-Founder Steps Down
Vernachio takes the helm as CEO and a member of the Board of Directors, effective March 15. He succeeds Joey Zwillinger, Allbirds’s Co-Founder and CEO, who will continue as a member of the Board of Directors and as a special advisor.
Kohl’s Swings to Q4, Full Year Profit as Retailer Posts Best Comps Since 2010
The store business had its best comparable sales performance since 2010 and the retailer managed inventory down 10 percent at year-end. Net income was $186 million in Q4, compared to a net loss of $273 million in Q4 2022.
Nuyarn Owner Appoints International Footwear Account Manager
TMC, Ltd., owner of Nuyarn and Herculan, a manufacturer of performance yarn and fabric, hired Tim Liao as the company’s International Footwear Account Manager.
Brooks Appoints Dan Sheridan Next CEO as Jim Weber Plans Departure
Jim Weber will step down as CEO of Brooks Running Company this spring after 23 years in the position. Dan Sheridan, company president and chief operating officer, will succeed Weber as CEO, effective April 26, 2024.
On Holding Continues Strong DD Growth into Q4 with DTC Leading the Way
The company said the strength and increasing awareness of the On brand drove record-high traffic to the brand’s website and retail stores worldwide, resulting in a 46.2 percent direct-to-consumer share, the highest in the company’s history.
Clarus Board Appoints New Director, Approves Top Shareholders to Increase Stakes
The parent of the Black Diamond, MaxTrax and Rhino-Rack brands, has appointed Roger Werner to serve on the Board of Directors, effective as of March 8, 2024 and approved two top shareholders’ bids to increase ownership percentage.
NRF Reports Import Cargo Returning to Normal After Red Sea Disruptions
Inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024.
Ross Stores, Inc. Opens 18 New Stores to Start the Fiscal Year
These new locations are part of the company’s plans to add approximately 90 new stores, comprised of about 75 Ross and 15 DD’s Discounts, during fiscal 2024.
Macy’s, Inc. Hires VP to Lead Macy’s Media Network
Michael Krans oversees the company’s in-house media publisher connecting the retailer’s advertising partners with Macy’s and Bloomingdale’s customers.
Bass Pro Shops to Open New Store in Pittsburgh
Bass Pro Shop’s newest 100,0000-square-foot two-level Outdoor World retail store, part of the Newbury Market, is the company’s third in Pennsylvania and the first in Western Pennsylvania.
REI To Open Tenth Store In Colorado
The 23,000-square-foot space will open in the Marketplace at Centerra in Loveland, CO with buy online/pickup in-store and curbside pickup service.
Genesco Inc. Q4 Comps Slip 4 Percent as Journeys Continues to Shrink
The overall 2 percent sales increase for Q4 was reportedly driven by a 6 percent increase at Schuh, a 9 percent gain at Johnston & Murphy and a 24 percent increase at Genesco Brands, partially offset by a decrease of 2 percent at Journeys.
Primus-Silva Appoints New CEO
Primus-Silva appointed Jonas Sjögren as its new CEO, effective April 8. He takes the helm from Richard Jägrud, who leaves the company on April 30 to pursue new career challenges.
Overstock Parent Acquires Zulily Assets; Plans Site Re-launch Before Summer
Zulily’s new website will be fully functional by the end of the second quarter and contribute to Beyond’s 24-month revenue goal without adding incremental fixed expenses. Overstock is scheduled to relaunch later this month.
Ariat International Opens New Las Vegas Flagship Brand Shop
The retail space spans nearly 10,000 square feet, offering Ariat’s full assortment of boots, clothing, jeans, shoes, and accessories on two floors.
