SGB Update Footwear
Arrive Recommerce Appoints VP of Sales
Mariana DiMartino comes to the technology company powering Returns to Recommerce with more than two decades of retail and technology experience leadinglgrowth and strategy teams.
NRF Economist Says U.S. Economy Still Shows Resilience
The U.S. economy continues to grow despite U.S. labor disputes and the uncertainty created by Congress, adding to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said.
Adobe Sees Online Holiday Sales Climbing 4.8 Percent With Record Discounts
U.S. online holiday sales from November to December 2023 will rise 4.8 percent year-over-year (YoY) to $221.8 billion, marked by retailers offering deep discounts and increased online shopping spend, according to Adobe’s forecast.
Feetures Breaks Ground on New Warehouse Facility
Features broke ground at the end of September for its new 60,000-square-foot warehouse located in Hickory, NC.
Timberland Names Chief Marketing Officer
Timberland announced Maisie Willoughby as the brand’s new Vice President and Chief Marketing Officer (CMO). Most recently, she spent five years at Alexander Wang.
Inov-8 To Rebrand with New Name and Logo
Inov-8, founded in 2003, is marking its 20 years in the active outdoor industry, manufacturing running, hiking and gym gear, with a rebrand designed to support accelerated growth.
Sports Direct’s Parent Company Plans New HQ
Frasers Group, the U.K.-based parent of Sports Direct, submitted a planning application for a new global headquarters campus at Ansty in Rugby, Warwickshire. The company’s current headquarters are in Shirebrook, Derbyshire.
Famous Footwear Parent Sets Three-Year Growth Plan, Tempers FY Guidance
Ahead of its Investor Day event, Caleres presented a three-year strategic and financial plan that calls for earnings to grow annually in the low-single-digit range with sales expanding 3 to 5 percent on average. The parent of Famous Footwear, however, warned that sales for the third quarter and current year will land at the low-end of guidance.
The Buckle’s Comps Decline 11 Percent in September
The Buckle, Inc. reported that its comparable store net sales for the 5-week period ended September 30 decreased 11.1 percent from the year-ago period.
Atmos to Exit North American Operations
Atmos, the Tokyo-based footwear retailer acquired by Foot Locker in 2021, is reportedly planning to close its three North American stores and cease online operations in the region to refocus on growing business in Japan and Asia.
Outdoor Recreation Roundtable Names VP of Programs
Outdoor Recreation Roundtable promoted Chris Perkins to vice president of programs.
PVH Corp. Debt Ratings Outlook Upgraded
S&P Global Ratings revised its debt ratings outlook on PVH Corp. to positive as the parent of Tommy Hilfiger and Calvin Klein demonstrated a track-record of maintaining leverage of less than 3x in recent years.
On Plans to Double Sales and Reach 60 Percent Gross Margin by 2026
The company plans to grow 2026 net sales to at least CHF3.55 billion, or approximately $3.95 billion at the average September 2023 conversion rate, reflecting a CAGR of over 26 percent based on its 2023 forecast.
Report: Shot Show is Now the Third Largest Trade Show in Vegas
The show is now the eighth largest trade show in America, according to Trade Show Executive’s just-released Gold 100 rankings. The rankings were based on trade shows held throughout the U.S. in 2022 and measured by net square feet.
The Good Feet Store Opens 250th Location
The Good Feet Store, based in Carlsbad, CA, announced a milestone with the opening of its 250th store, in partnership with franchisee group, The Watermans. The new store is located at 4400 Hwy 6 #200 in College Station, TX.
