SGB Update Footwear
Wolverine World Wide, Inc. Sells Sperry Brand
The sale of Sperry to Authentic Brands Group will reportedly generate total proceeds of approximately $130 million in the first quarter to pay down debt, further strengthening its balance sheet.
EXEC: Feng Tay December Trend Back in the Red and Full-Year Declines 10.6 Percent
Manufacturing revenues for one of the biggest Nike suppliers declined 1.7 percent in December to NT$7.7 billion, returning to the negative trend that has plagued the company for most of the year.
Columbia Sportswear Appoints Former Nike Brand President to Board
From 1979 to 2014, Denson held various positions at Nike, Inc., in different management roles, including president of the Nike Brand, a position he held from 2001 until his retirement in 2014.
REI Plans to Open 10 New Stores in 2024
The co-op will open stores at Arrowhead Promenade in Glendale, The River in Rancho Mirage, and St. George Place in St. George. The new St. George Place store will include a ski and snowboard shop.
Report: Two-Month Holiday Selling Season Sales Rose 3.07 Percent
Total retail sales for the full calendar year 2023 were up 5.32 percent over 2022, and core retail sales were up 4.46 percent.
Andy Campion Departs Nike, Heads Back to School
Nike’s managing director for strategic business ventures, Andy Campion, leaves the company, effective April 5, 2024, to help develop the UCLA Sports Leadership and Management Program at UCLA Anderson School of Management.
NRF Chief Economist Sees Potential Rough Road Ahead for Retail
The National Retail Federation’s Chief Economist Jack Kleinhenz believes consumers spent more than expected amid high inflation and interest rates during 2023, but spending growth is likely to slow in 2024.
Urban Outfitters Brand Gets New Leadership for North America
Shea Jensen will become president of Urban Outfitters Brand, North America, effective February 5, 2024, overseeing merchandising, marketing, digital and retail operations.
Urban Outfitters Posts Solid Holiday Sales Despite Declines at Namesake Brand Stores
Consolidated net sales for the two-month Holiday selling period ended December 31 increased 10 percent year-over-year, driving 11-month year-to-date sales up 8 percent year-over-year.
Zumiez Sees Q4 Results at Low End of Guidance After Tough Holiday
Zumiez forecasted fiscal 2023 fourth-quarter sales to be near the low end of its guidance range of $275 million to $281 million and fourth-quarter earnings per share to also be near the low end of its range of 24 cents to 34 cents.
Famous Footwear Parent Caleres Reaffirms Full-Year Outlook
The parent of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, reaffirmed its financial outlook for consolidated sales, EPS and adjusted EPS for full year 2023.
Compass Diversified Promotes Three on Investment Team
The owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, promoted investment team members Raj Dalal, Lucas Scholhamer and Phoebe Madsen.
UK Retail Foot Traffic Declines Sharply in December
Overall retail UK foot traffic decreased by 5.0 percent year-over-year in December, down from a 0.7 percent decline in November, according to BRC-Sensormatic IQ data.
NRF: Import Cargo Enters Winter Lull as Red Sea Disruptions Continue
Inbound cargo volume at the nation’s major container ports should gradually decline during the first quarter of 2024 before increasing in the spring, according to the latest NRF report.
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.
