SGB Update Footwear
U.S. Consumer Confidence Improves in May After Five Months of Decline
May’s rebound in confidence was broad-based across all age and income groups and shared across all political affiliations, with the strongest improvements among those identifying as Republicans.
Macy’s Inc. Pares Earnings Guide on Tariffs, Consumers and Competitor Promos
First quarter sales growth at Bloomingdale’s and Bluemercury was offset by a decline at Macy’s for the 13-week period ended May 3.
Allbirds Inks Two New Distribution Agreements
The brand signed agreements covering Central America, the Caribbean, Chile, and Colombia, as well as Spain and Portugal, bringing to 13 the number of distribution deals signed since the company changed its global sales strategy.
Dr. Martens Taps Industry Vet Paul Zadoff as President, Americas
Zadoff is a Nike veteran and left the company in 2009 after a 19-year run in director or general manager roles across Asia Pacific, Europe and Eastern Europe.
Walmart Restructures; Cuts Roughly 1,500 Corporate Jobs
The retailer is streamlining its global tech and Walmart U.S. operations, affecting approximately 1,500 employees. The U.S. retail cuts are mainly in the end-to-end operations teams and the Walmart Connect marketing organization.
Hoka and Ugg Parent Deckers Brands Names New Board of Directors Chair
Davis succeeds Michael F. Devine, III, who is retiring from the Board after over 14 years of service, including six years as chair. Her appointment is effective immediately.
Deckers Posts Fifth Straight Year of Double-Digit Revenue and EPS Growth
Hoka brand net sales increased 10.0 percent, Ugg brand net sales increased 3.6 percent, and Other brands net sales, which now includes Teva, Ahnu and Koolaburra, decreased 6.3 percent year-over-year.
On Elects Helena Helmersson to Board of Directors
Helmersson brings a wealth of experience from her long-standing career in the fashion industry. She served as the CEO of H&M Group from 2020 to 2024. She began her career at H&M in 1997 as a business controller in the company’s buying office and advanced through key leadership roles.
Ross Stores Sees Flat Q1 Comps, Withdraws FY Guidance On Tarrif Impact
Ross Stores Inc. reported flat same-store sales in the first quarter ended May 4 due to a slow start to spring selling. The off-pricer predicted a slight decline in second-quarter earnings and also withdrew its guidance for the full year due to margin pressures tied to tariffs on Chinese imports.
Dillard’s Q1 Profits Dip on Slight Sales Decline
Dillard’s, Inc. profits slid 9 percent in the first quarter that ended May 3 as same-store sales eased 1 percent and gross margins eroded 70 basis points.
Adidas Faces Steve Madden Lawsuit Over Stripe Design
Steve Madden filed a lawsuit in Brooklyn’s federal court against Adidas, saying it was “tired” of being targeted by Adidas for using elements that bear no resemblance to Adidas’ signature three parallel stripe design.
Stif Mountain Bikes to Close In September
Stif Mountain Bikes, a Bristol and Yorkshire-based bike shop and bike brand, plans to close its doors in September.
Crocs, Inc. Moves Reilly to Corporate EVP and CBO; Heydude Needs a Leader
Reilly, formerly president of Heydude, will take over the role of corporate EVP and chief brand officer, including oversight of marketing and communications for the Crocs and Heydude brands. Andrew Rees, Crocs’ CEO, will serve as the interim president for the Heydude brand.
Urban Outfitters Profits Jump in Q1
The retailer reported profits jumped 75.4 percent in the first quarter as comps at its Retail segment increased 4.8 percent. Total company net sales for the three months ended April 30 increased 10.7 percent to a record $1.33 billion.
Icebug Assumes Responsibility for Sales and Customer Service in Canada
Previously, Rock Gear Distribution (RGD), a wholesale distributor based in Alberta, Canada, operated Icebug’s Canadian business. RGD, a long-standing Icebug partner and owner of Spry, a specialty running store in Canada, will continue collaborating with the company.
