SGB Update

Zappos Re-Opens Outlet Store in Louisville

The 13,000 square foot outlet store first opened in 2019 after it moved from a previous location in Shepherdsville, KY. It closed in 2022 after the online footwear seller reaccessed the business as the pandemic subsided.

FDRA Survey: Athletic Footwear Expected to Lead Holiday Purchases

In a nationwide survey of footwear consumer purchasing habits conducted by the Footwear Distributors and Retailers of America (FDRA) for the upcoming holiday shopping season, many respondents said they would increase their spending on footwear, with the athletic category being the most popular.

Pvolve Signs First Studio Deal in Kentucky

the new studio location in Louisville, marks Pvolve’s first in Kentucky. The fitness franchise now boasts over 40 studios in development across the country.

L.L.Bean to Open First Indiana Store

The 16,000-square-foot L.L. Bean store will be the retailer’s fourth new location to open in 2024, giving it 61 stores in the U.S.

NRF: Import Cargo Could See Surge Ahead of Potential Port Strike and Trump Tariffs

Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.

StockX CEO to Step Down, COO Named as Successor

StockX announced that its CEO, Scott Cutler, has chosen to step down at the close of the year, succeeded by the online sneaker marketplace’s Co-Founder, President and Chief Operating Officer, Greg Schwartz.

Xponential Fitness Posts Q3 Loss on Flat Sales

Xponential Fitness, Inc. posted a net loss of $18 million in the third quarter after litigation expenses, impairment charges and other acquisiton-related charges. North America system-wide sales grew by 21 percent but corporate revenue was flat as higher franchise and equipment revenues were largely offset by a decline in other service revenue.

Golden Goose’s Debt Ratings Upgraded on Improving Sales

Moody’s Ratings upgraded Golden Goose S.p.A.’s debt ratings due to its strong revenue and profit performance in recent years with the aid of store openings. Sales have vaulted 60 percent from December 2021 to June 2024.