SGB Update Footwear
NRF Sees Holiday Growth Between 3.7 percent and 4.2 Percent
The National Retail Federation released its annual holiday forecast, anticipating retail sales in November and December will grow between 3.7 percent and 4.2 percent over 2024. That translates to a total spending range of between $1.01 trillion and $1.02 trillion. By comparison, last year’s holiday sales rose 4.3 percent.
Under Armour Announces CFO Transition
Under Armour, Inc. announced that Reza Taleghani will join the company as executive vice president and chief financial officer in February 2026, succeeding David Bergman, a 21-year company veteran who is stepping down as CFO. However, he will remain with the company through the first quarter of fiscal 2027 to ensure a seamless transition.
SportChek’s Q3 Comps Grew 4.2 Percent, Propped by Back-to-Hockey Demand
Canadian Tire Corp. reported same-store sales at SportChek grew 4.2 percent in the third quarter, marking the segment’s fifth consecutive quarter of comparable sales growth. The gains were boosted by back-to-school and back-to-hockey sales.
Under Armour’s Q2 Profits Tumble on Soft Sales, Tariff Impact
Under Armour reported adjusted profits in the fiscal second quarter ended September 30 plunged 88.3 percent due to a 5 percent revenue decline and the impact of tariffs. Results exceeded guidance, and Under Armour stated that its North America business is showing signs of stabilization.
Authentic Appoints Former Nike and Jordan Brand Exec as SVP, Reebok
Authentic Brands Group appointed Daniel Schachne, who most recently served as general manager of Jordan Brand’s performance sport business in North America, as SVP of Reebok.
Costco’s October Comps Grow 6.8 Percent x-Gas; E-Commerce Jumps 16.7 Percent
Excluding gas, Costco’s same-store sales were up 6.7 percent in the U.S. and 6.8 percent overall. E-commerce sales advanced 16.7 percent.
Wolverine Worldwide Appoints Justin Cupps as Work Group President
Wolverine World Wide, Inc. appointed industry veteran Justin Cupps as president of its Work Group, overseeing Wolverine, Bates, CAT Footwear, Harley-Davidson Footwear, HyTest, and Merrell Work. Cupps has held leadership roles at EssilorLuxottica, Under Armour, Adidas, Gant, and And 1.
Puma to Open New Distribution Center in France
Puma plans to open a logistics center measuring 440,000 square feet in Vendenheim, France, to support growth in the country and commitment to developing more environmentally friendly logistics.
Steven Madden Sees Tariff Mitigation Efforts, Kurt Geiger Acquisition Driving Q4 Results
For the fourth quarter of 2025, the company expects revenue to increase by 27 percent to 30 percent compared to the same period in 2024, and expects diluted EPS to be in the range of $0.30 to $0.35 for the quarter.
Saucony Posts Sharp Jump in Q3 Sales for Wolverine WorldWide; Merrell Up Mid-Single Digits
Strong double-digit growth at Saucony, better-than-expected performances by Merrell and Sweaty Betty and improving gross margins helped expand Wolverine Worldwide’s Q3 adjusted EPS by 28.6 percent year-over-year, surpassing guidance.
Revolve Group’s Q3 Boosted by Sales Gains, Higher Full-Price Selling
Revolve Group reported adjusted EBITDA grew 45 percent in the third quarter ended September 30, boosted by a mid-single digit sales gain and an uptick in gross margins due to reduced promotional rates and more full-price selling.
Repreve Fiber Parent Unifi Posts Wider Fiscal Q1 Loss Driven by Tariff-Related Uncertainty
The maker of recycled and synthetic yarns attributed the 7.9 percent sales decline primarily to trade and tariff-related uncertainty and demand volatility across each business segment.
Weyco’s Q3 Impacted by Bogs’ Sales Weakness, To Wind Down Forsake Brand
Weyco Group, Inc. reported a slight decline in sales in the third quarter, impacted by a 17 percent decline in wholesale sales at Bogs and cancellations from one major retail partner tied to Weyco’s moves to raise prices to offset tariffs. Earnings down slightly as margins were pressured by tariffs.
Lems Shoes Adds Seven Regional Indie Sales Agencies
The maker of minimalist footwear, has strengthened its commitment to independent retailers and wholesale growth by adding seven new regional sales agencies for representation throughout the U.S.
Artie Starrs Makes Conference Call Debut with Harley-Davidson as Q3 Sales Jump 17 Percent
The former Topgolf CEO, who joined the company as president and CEO in October, reported revenues grew 17 percent in the third quarter. Earnings increased significantly due to a July deal to monetize part of the Harley-Davidson Financial Services segment.
