Footwear Insight Extra

Archives

Wolverine Hikes FY Outlook, But Price Increases Likely Coming

Last week, the Merrell, Saucony and Sperry parent exceeded Q1 earnings expectations and raised its FY21 revenue range by $50 million to $2.24-$2.3 billion. But senior Wolverine executives also disclosed the company’s ongoing need to airfreight products to meet market demand...

Asics’ Q1 Performance Run Sales Soar

During a period when it launched its METASPEED Sky racing shoe for elite athletes, ASICS Corp. realized more than 40 percent growth in the performance run segment. Strong performance run sales across four global regions, including North America, pushed category sales up 43 percent to...

Boot Barn’s FY Footwear Sales Rose Nearly 10 Percent Last Year

The national chain, which has more than 45 percent of its doors in California, Arizona or Texas, generated 53 percent of its net sales last year from footwear. That percentage equates to an implied $473.5 million, up from 51 percent of net sales or $431.24 million in FY20.

In The News: Spartan, Craft, FSNYE, Genesco, Mizuno

Spartan and Craft are releasing a $140 performance trail running shoe, the Spartan x Craft Nordic Speed Shoe. Built for speed, endurance and durability, it is designed to meet the specific needs that trail runners face on the trail, from uneven terrain to wet, slippery surfaces.

Trade Show Q&A: Atlanta Shoe Market

As the industry looks ahead to a summer trade show season with in-person events returning, we checked in with Laura Conwell-O'Brien, Executive Director of The Atlanta Shoe Market to see how the August event is shaping up.

FFANY Market Week to Return In-Person the Week of August 2

It will be back to business in-person this August for FFANY Market Week, the Footwear Distributors and Retailers of America (FDRA) announced last week. FFANY Market Week will take place the week of August 2, 2021.

Dick’s Sporting Goods Launches Off-Price Store Concept

Dick’s Sporting Goods, the largest full-line sporting goods chain in the U.S., is opening a new off-price store concept — Going, Going, Gone — this month as part of an expansion that also includes a new warehouse store, a Dick’s-bannered location, six redesigned Golf Galaxy locations and...

Big 5 Sporting Goods Will Need to Make Up Lost Nike Sales

The off-price, 430-door retailer Big 5 Sporting Goods is actively pursuing expanded relationships with existing footwear vendors and partnerships with new shoe vendors to help make up for likely lost Nike sales in the months ahead.

Adidas Cautiously Optimistic as Global Sports, Consumers Return

For a brand that has adopted “Own the Game” as one of its latest global marketing mantras, 2021 should be very good to Adidas. CEO Kasper Rorsted says the Three Stripes is “seeing a slow and steady recovery” from COVID-19 impacts.

Obituary: Vans Co-Founder Paul Van Doren

Paul Van Doren, who co-founded Vans in 1966 with his brother James, died May 6. He was 90 years old. His passing came only nine days after the publication of his book “Authentic: A Memoir by the Founder of Vans.” His younger brother James died a decade ago at 72.

In The News: Spartan, Craft, FSNYE, Genesco, Mizuno

Spartan and Craft are releasing a $140 performance trail running shoe, the Spartan x Craft Nordic Speed Shoe. Built for speed, endurance and durability, it is designed to meet the specific needs that trail runners face on the trail, from uneven terrain to wet, slippery surfaces.

Trade Show Q&A: Atlanta Shoe Market

As the industry looks ahead to a summer trade show season with in-person events returning, we checked in with Laura Conwell-O'Brien, Executive Director of The Atlanta Shoe Market to see how the August event is shaping up.

FFANY Market Week to Return In-Person the Week of August 2

It will be back to business in-person this August for FFANY Market Week, the Footwear Distributors and Retailers of America (FDRA) announced last week. FFANY Market Week will take place the week of August 2, 2021.

Dick’s Sporting Goods Launches Off-Price Store Concept

Dick’s Sporting Goods, the largest full-line sporting goods chain in the U.S., is opening a new off-price store concept — Going, Going, Gone — this month as part of an expansion that also includes a new warehouse store, a Dick’s-bannered location, six redesigned Golf Galaxy locations and...

Big 5 Sporting Goods Will Need to Make Up Lost Nike Sales

The off-price, 430-door retailer Big 5 Sporting Goods is actively pursuing expanded relationships with existing footwear vendors and partnerships with new shoe vendors to help make up for likely lost Nike sales in the months ahead.

Adidas Cautiously Optimistic as Global Sports, Consumers Return

For a brand that has adopted “Own the Game” as one of its latest global marketing mantras, 2021 should be very good to Adidas. CEO Kasper Rorsted says the Three Stripes is “seeing a slow and steady recovery” from COVID-19 impacts.

Obituary: Vans Co-Founder Paul Van Doren

Paul Van Doren, who co-founded Vans in 1966 with his brother James, died May 6. He was 90 years old. His passing came only nine days after the publication of his book “Authentic: A Memoir by the Founder of Vans.” His younger brother James died a decade ago at 72.

In The News: Rockport, Amazon, Eddie Bauer, Deckers, RIA, Sezzle

Rockport has appointed Steve Holt as Brand President. For the past four years, Holt has served as Rockport’s Senior Vice President, International. In this new role, Holt will lead all aspects of daily operations, developing and executing brand plans to identify areas of...

Beck’s Shoes Is Acquiring Stores and Aiming to Keep the Legacy of Small Independents Alive

Campbell, CA-based retailer Beck’s Shoes has an ambitious acquisition strategy in place, and it includes ensuring the legacies of the small, family-owned shoe stores they are acquiring. Fifth-generation independent family shoe store operators, cousins Adam Beck and Julia Beck-Gomez, are expanding...

Brooks Set to Hit Another Sales Milestone

Berkshire Hathaway-owned Brooks, on a rolling 12-month basis, is projected to hit $1 billion in aggregate annual sales from its wholesale channel and website this month, CEO Jim Weber told Barron’s last week ahead of the parent company’s virtual annual meeting from Los Angeles on May 1.

IPO on Horizon for On?

According to a report from Reuters, the Swiss-based running footwear brand On is working on a possible U.S. IPO for the Fall that could value the company in the $4-5 billion range. On, which has had backing from tennis star Roger Federer since 2019, was launched in 2010...

Capacity Constraints Limit Columbia Footwear’s Possibilities

Demand for Columbia and SOREL branded footwear continues to rise, but it’s outpacing the production capacity for both labels in Asia. “Remember, many of these footwear factories were shut down with the pandemic raging in China,” Columbia Chairman and CEO Tim Boyle told analysts last week.

In The News: CEP, Baffin, Tecnica, Asics, VF Corp.

CEP Compression has launched a new Outdoor Collection of socks featuring the Hiking Merino and Light Merino styles that are engineered to provide targeted compression to improve circulation and blood flow where it’s needed the most, according to the brand.

This Week’s Endorser Buzz

The NFL Draft’s presumptive first pick tomorrow night, Trevor Lawrence, will reportedly sign on as an Adidas endorser and appear in marketing campaigns for the Three Stripes. The former Clemson quarterback, who has already signed a Gatorade deal, is expected to be selected first by...

Skechers Scores Record Q1 Results

Total period revenue grew 15 percent to $1.43 billion for Skechers in Q1. The brand’s domestic wholesale business fell less than 1 percent compared to the year-ago period but was 8.1 percent higher than Q1/19. Skechers confirmed that its domestic wholesale business was negatively impacted by...

NPD: Multiple Factors Spur Q1 Footwear Sales

An early Easter, government stimulus checks, a surge in COVID-19 vaccines and warm weather were all contributing factors to a strong first quarter for U.S. footwear sales, according to The NPD Group’s Retail Tracking Service.

In The News: Kodiak, PrimaLoft, Moolah Kicks, Heelys, Etnies

Boot brand Kodiak is incorporating PrimaLoft P.U.R.E. insulation into four of its Fall 2021 hiking and lifestyle boots — the Kindersley, Stave, Tagish and Chadsey. Kodiak is the first footwear company to utilize PrimaLoft P.U.R.E. (short for Produced Using Reduced Emissions) insulation, which is...

NOBULL Snares Equity Investment

Boston-based private equity firm Exeter Capital is investing in NOBULL, a six-year old footwear and apparel brand founded by former Reebok executives Marcus Wilson and Michael Schaeffer. As part of the unspecified investment, Exeter Managing Director Steven J. Collins is joining the NOBULL board.

DSW Adding Lids Concept Shop-in-Shops in Canada

DSW parent Designer Brands has struck a deal with Ames Capital-controlled FanzzLids Holdings to add Lids shop-in-shop concept shops in approximately one-third of its 130 Canadian doors. The specialty areas will feature licensed jerseys and headwear online and in 45 Canadian locations, including...

Outdoor Specialty Retail Group Sees Robust Recovery

According to the Grassroots Outdoor Alliance, independent outdoor specialty retailers are enjoying an exceptional year-to-date sales rebound that has met and surpassed business as usual. Retailers in the group are up 8 percent on a rolling 12-month basis with year-over-year Q1 figures jumping...

The Robots Are Coming, The Robots Are Coming!

According to a new 14-page report from RetailWire, 77 percent of large retailers say it’s important to develop a clear robotics strategy versus 30 percent for smaller retailers. Some 47 percent of respondents said it was “somewhat important” to have a clear, executable and budgeted...

Addaday Expands Exec Team

Santa Monica, CA-based health and wellness brand Addaday, known for its massage products, has expanded distribution to all U.S. Target stores and expanded into new global markets over the last year. And the company has made four strategic hires for its executive suite...

In The News: Adidas, Alden Shoe Co., Twisted X, The North Face & More

Adidas, a sponsor of the Boston Marathon since 1989, has extended its official sponsorship with the Boston Athletic Association (BAA) through 2030. In addition to being the official athletic footwear, apparel and accessory sponsor of the race, Adidas will continue to support all BAA road races...

U.S. JD Sports Banners Will Approach 100 By Year’s End

British retailer JD Sports continues to march across the U.S. JD’s growth has accelerated in recent months via strategic acquisitions of West Coast-based Shoe Palace and DTLR in the East. The retail chain will focus on expanding its nameplate by another 50 before the end of...

New Outdoor Participants Are Younger and More Diverse, OIA Study Finds

The influx of new participants in outdoor activities during this past year offers plenty of opportunity for growth in outdoors, a recent report revealed. The New Outdoor Participant (Covid and Beyond) Report from Outdoor Industry Association and Naxion Research Consulting found that the...

In The News: Teva, Oboz, OIA, New Balance

Teva has launched TerraForever, a recycling program with TerraCycle in which used Teva sandals can be recycled into something new. To participate, customers can visit Teva.com to sign up and download a prepaid shipping label to mail in their sandals to TerraCycle.

Forecast: 2021 Footwear Consumption Will Rise 3.8 Percent in North America

According to the latest World Footwear Business Conditions Survey for the first quarter of 2021, footwear consumption will rise 3.8 percent in North America this year. And the majority of industry experts see the U.S. accounting for approximately 10 percent of global footwear consumption in 2025.

Executive Appointments: Twisted X, New Balance, Saucony, Columbia

A round up of industry executive appointments at Twisted X, New Balance, Saucony and Columbia Sportswear.

Lululemon Will Launch Technical Footwear in 2022

Company executives at lululemon confirmed their plans to launch footwear in 2022 during last week’s year-end earnings call with analysts but offered no other specifics about the brand’s strategy for the category other than suggesting the products will allow lululemon “to provide guests with...

Academy Anticipates Key Segment Rebounds in 2021

Footwear, along with licensed apparel, team sports equipment and apparel were four segments that were adversely affected by COVID-19 pandemic at Katy, TX-based retail chain Academy Sports + Outdoors.