SGB Update Footwear
Fila Holdings Promotes Todd Klein to Global Brand President
The company appointed Fila USA President Todd Klein to take on the newly created role of global brand president. In addition to his existing responsibilities, Klein will assume responsibility for overall operations of the Fila brand including global product and marketing strategies.
Crocs Inc. Ups Guidance as Namesake Brand Passes $3 Billion Mark
The parent of the Crocs and HeyDude brands now expects record 2023 revenues of approximately $3.95 billion, which would represent over 11 percent growth compared to 2023, with the Crocs brand exceeding $3 billion.
Boot Barn Sees Fiscal Q3 Results In Line with Prior Outlook
The retailers expects net sales of $520.4 million for the quarter ended December 30, 2023, representing growth of 1.1 percent over the prior year. Diluted EPS is seen at or above the high end of its previously announced guidance.
Genesco Cuts Guidance as Journeys, Boots a Drag on Holiday Selling
With fourth quarter sales trending below our expectations, GCO now expects total year adjusted EPS to be in the range of 65 cents to 85 cents compared with the company’s prior view for a range of $1.50 to $2.00.
Tilly’s Sees Bright Spot in Footwear in Dismal Holiday Selling Period
Total net sales decreased 7.4 percent to $139.7 million for the 2023 Holiday period compared to $150.9 million for corresponding nine-week Holiday period in the prior year.
Wolverine World Wide Expects 2023 Results In Line with Estimates
The company expects to deliver financial results in line with previous guidance and achieving better-than-anticipated year-end debt and inventory levels.
United Sports Brands Names CEO
Phil Gyori was appointed CEO. Most recently, he was the CEO of Pelican Products. His hire follows the company’s recent acquisition by Norwest Equity Partners.
Report: Gen-Z Strava Athletes Most Likely to Build Community for Workouts
The report concluded that while it’s no surprise that Gen Z’s behaviors and habits vary from other generations, they also have different motivators, barriers and interests when it comes to staying active.
National Golf Foundation Makes Board Appointments
The National Golf Foundation (NGF) added Craig Kessler, PGA of America COO, Geoff Cottrill, Topgolf’s chief brand officer, and Edric Funk, Toro’s VP of golf, grounds, and irrigation, to its Board of Directors, effective January 1, 2024.
Genesco Appoints Chris Santaella as Chief Merchant of Journeys Group
Santaella joins Journeys from Foot Locker, where he worked for over three decades in successive roles, most recently as senior vice president and chief merchandising officer for Foot Locker, Kids Foot Locker and Champs Sports.
Authentic Inks DC Shoes Brand Management Deal with BBC International
BBC International will be tasked with the global design and sourcing for DC Shoes footwear, snowboard boots and the wholesale distribution of the DC Shoes brand in the U.S. and Canada.
Costco’s Global Sales Climb 10 Percent In December
Costco Wholesale Corporation reported net sales of $26.15 billion for the retail month of December, an increase of 9.9 percent from $23.80 billion last year. U.S. sales were up 7.3 percent.
Report: U.S. Holiday Online Sales Grow 4.9 Percent
Online spending in the U.S. during the 2023 holiday season climbed 4.9 percent to $222.1 billion in November and December, according to Adobe Analytics. Growth was reportedly driven by sizeable discounts across electronics, toys and apparel, as well as increased usage of the flexible ‘Buy Now Pay Later’ payment option.
Brooks Hires VP of Apparel and Accessories
Brooks Running hired Gabriel Rodriguez as VP of apparel and accessories. Most recently, Rodriguez was the director of run apparel and competitive train/Curry and basketball at Under Armour.
SFIA Re-Elects Ram as Chair; Adds Three New Board Members
SFIA re-elected Jonathan Ram, CEO of Clarks, Inc., as chairman of the Board of Directors for the 2024 term. Isabel Coscia, SVP of marketing at Technogym, Ryan Cruthirds, chief digital commerce and brand development officer at Implus LLC and Koichiro Kodama, president and CEO for Asics North America, were newly elected to the SFIA Board,
