SGB Update Footwear
Hilco Global and TPG Angelo Gordon Partner with Bluestar Alliance on JV
Hilco Global and TPG Angelo Gordon announced the formation of a new joint venture that will identify, acquire and finance consumer brands and IPs in partnership with Bluestar Alliance, LLC, the parent of Hurley, Justice, Scotch & Soda, and other consumer brands.
Outdoor Retailer Parent Trims Full-Year Guidance
Emerald Holding, Inc. slightly reduced its outlook from steps taken to discontinue some of its smaller events. The operator of Outdoor Retailer, Surf Expo, Sports Licensing & Tailgate Show, and other venues also reported improved underlying earnings in the third quarter on flat sales.
Adidas’ Long-Time Chief Corporate Communication Officer to Retire
Jan Runau, Adidas’ chief corporate communication officer since 2006, announced his retirement. He began working for Adidas as a PR manager in Germany
Wolverine Worldwide Appoints Susie Kuhn as Active Group President
Susie Kuhn will be responsible for leading successful brand strategies, executing consumer-focused go-to-market plans, and driving commercial performance for Wolverine Worldwide’s Active Group, which includes the Merrell, Saucony, and Chaco brands.
VF Corporation Sees Fiscal Q2 Improvement But Americas Region Still a DD Drag
Revenue for the quarter amounted to $2.8 billion, down 6 percent year-over-year from the fiscal 2024 Q2 period. The company said the decline was a sequential improvement from the 10 percent decline in the fiscal 2025 first quarter.
Boot Barn Posts Another Strong Quarter; CEO to Exit to Ross Stores
Jim Conroy, Boot Barn’s CEO since 2012, is stepping down to assume the role of CEO of Ross Stores. John Hazen, the company’s current chief digital officer, will assume the role of interim CEO.
Rural King Opens Newest Store in Hopkinsville, KY
The store boasts a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
Primark to Open Second Store in Queens, NY
The new 37,000-square-foot store at Queens Center in Elmhurst, NY will open on December 5. This is Primark’s second store in Queens, following its Jamaica Avenue location, and its tenth store in New York.
U.S. Golf Rounds Played Increase for Second Straight Month
Golf Datatech, a subsidiary of Circana, reported that golf rounds played in the U.S. increased 3.6 percent in September and are now ahead 1.7 percent in the first nine months of 2024.
RealReal Names New CEO
RealReal appointed Rati Sahi Levesque, the luxury resale marketplace’s president and COO, as CEO, effective immediately. Levesque succeeds John Koryl, who has departed from the company and no longer serves on the Board.
X-Bionic Secures Investment from Olympic Skier Marco Odermatt
X-Bionic reported that Olympic gold medalist and three-time Alpine World Cup champion Marco Odermatt has become an investor in the Swiss apparel specialist. The amount of the investment was undisclosed.
Adidas’ Debt Rating Outlook Upgraded as H1 Performance Exceeds Targets
S&P Global Ratings raised its debt ratings outlook on Adidas AG to stable from negative due to the company’s stronger-than-expected operating performance and its expectation that the brand’s growth momentum will continue.
OluKai to Open Store at Walt Disney World Resort
OluKai plans to open a store at Disney Springs, an outdoor shopping complex at the Walt Disney World Resort in Lake Buena Vista. The opening will mark the Hawaii-based sandal maker’s first store in Florida.
On Opens Flaghips in NYC and Chicago
Swiss-running brand On opened flagship stores in Chicago and New York City, bringing its store count in North America to eight. In 2020, the company opened its first global store in SoHo, a neighborhood in Lower Manhattan.
Skechers U.S.A. Posts Double-Digit Q3 Sales Growth with Strength Across Channels
Third quarter sales increased 15.9 percent to $2.35 billion, with a 16.4 percent increase internationally and a 15.3 percent increase domestically. On a constant-currency basis, sales increased 15.9 percent year-over-year (y/y).
