With parent Wolverine Worldwide undergoing a corporate overhaul under CEO Chris Hufnagel, Saucony is bracing for a difficult final quarter but encouraged by an improved product pipeline, likely more advertising dollars to spend and at least four new model introductions in 2024.
Double-digit sales increases in Japan, Greater China and Southeast and South Asia contributed to 15.1 percent sales growth in Japanese yen for ASICS’ performance running segments...
In an indication that many athletic and casual footwear brands made less new shoes this year, likely due to still holding a surplus of inventory, Yue Yuen, the globe’s largest manufacturer of footwear who produces shoes for more than a dozen brands...
There is a senior executive shuffle at Nike. John Hoke, a 30-year Swoosh veteran, is moving from chief design officer to chief innovation officer.
Former Saucony leader Anne Cavassa is joining material technology company PrimaLoft as president. Cavassa, who left her role as president at Saucony in May after five years in the position, previously held leadership positions at Brooks, Nike and Timberland.
Stephen Curry and Under Armour announced the signing of a multi-year partnership with rising NBA star De'Aaron Fox of the Sacramento Kings as the first signature athlete with Curry Brand.
Despite ongoing geopolitical risks, muted consumer sentiment, macroeconomic headwinds, and the speed of recovery in the U.S. and Greater China markets, Puma says it’s continuing to gain market share worldwide and will continue to concentrate on soccer, performance running, basketball, and golf.
Two key athletic brands, Adidas, and Asics are getting new senior leadership in North America. U.K.-born Rupert Campbell, who became president of Adidas North America in Jan. 2022 following Three Stripe stints in Russia and Europe, is leaving the company.
Authentic Brands-owned Reebok, which last week announced the appointment of Shaquille O’Neal as the president of Reebok Basketball, announced a NIL (Name Image Likeness) partnership yesterday with women’s college basketball star Angel Reese, who plays for LSU (where O’Neal also starred).
Birkenstock shares were down $9.62, or 20.9 percent, over the first three days of trading as a public stock, closing at $36.38 on Oct. 13 after an Oct. 11 offering price of $46.00 a share.
Heading into the Holiday season, some 46 percent of brands and retailers don’t have enough cash or are unsure if they do to pay for the additional staff, inventory, and operational costs needed, according to a new Economics of Holiday Sales report from Creditsafe.
The Running Industry Association (RIA) has rebranded its annual member event, formerly known as Runchella, as The RIA Summit. The 2024 RIA Summit will take place in St. Louis, MO, from April 29 to May 2 at the Union Station Hotel.
Nike senior executives, who last week described the company’s current FY24 as “the turning point” for driving more profitable growth, expect key global wholesale partners such as Dick’s Sporting Goods in the U.S. and Zalando in Europe to...
The eight-year-old brand Vuori, founded by Joe Kudla, which has been developing a new perspective on performance apparel through the integration of fitness, surf, sport, and art, is reportedly in talks with various investment banks about a possible public float of its stock sometime in 2024.
Retailers of all types may soon gain some relief from the cost of debit card swipes for purchases, which are currently $0.21, an additional $.01 for fraud prevention plus .05 percent of the transaction amount that is pegged for fraud recovery efforts.
Actress Penélope Cruz has been named GEOX's first ever brand ambassador, the brand announced. Cruz is appearing in a worldwide advertising campaign for GEOX this year, with the campaign split into two phases — beginning with the launch of the women's Autumn-Winter 23-24 collection.
Birkenstock, which filed an IPO registration on Sept. 12 and is projected to have an $8 billion valuation when it goes public, plans to trade on the New York Stock Exchange under the ticker, “BIRK.” The offering is projected to go off during the first half of October.
JD Sports, the U.K.-based parent of Finish Line/JD, DTLR, and Shoe Palace generated organic sales growth of 15.4 percent in North America for the six months ended July 29. Total H1 North American sales rose by 18.1 percent to the equivalent of $1.6 billion.
Winnipeg-based footwear brand Manitobah announced it has been certified as a B Corporation (B Corp), an assessment that evaluates a company's lasting impact on employees, communities, suppliers, customers, governance, and the environment.
Mitsuyuki Tominaga, 61, who has played a key role in promoting the digitalization of ASICS since 2018, is slated to become president and Chief Operating Officer of the Japanese company on March 22, 2024, following the retirement of company Chairman and Director Motoi Oyama.
An estimated 26 percent of Americans intend to spend less during Holiday 2024 than last year with 38 percent of lower-income households (less than $45K) saying they will spend less during the upcoming season, according to a new survey from global consulting firm AlixPartners.
Jogology, the new sock brand founded by industry veterans Tanya and Bert Pictor and Luke Rowe, has officially launched at retail. Over the coming weeks, Jogology will roll out exclusively in more than 60 run specialty retail doors across the U.S., with an initial focus on the Southeast.