Footwear Insight Extra

Archives

Sneaker Flipping Teen May Have Cost His Mom Her Job as Nike Exec

“West Coast Joe,” a 19-year-old teen whose principal vocation is reselling premium-priced sneakers and so-called “bricks” (non-hyped shoes), is the subject of a six-page cover story in the March 1 edition of Bloomberg Businessweek.

Read More

Wolverine Set for Accelerated Recovery in 2021 Led by Saucony, Merrell

Thanks to projected growth of 22-26 percent, Wolverine Worldwide is forecasting FY21 total revenues to range between $2.19 and $2.25 billon. The high-end of that range would be on par with FY19 levels if the high-end is met.

Read More

NRF: U.S. Poised For Strongest Retail Growth Since 2004

U.S. retail sales will increase between 6.5 percent and 8.2 percent in 2021, the National Retail Federation forecasted last week, citing continued consumer resilience and suggesting the economy’s strongest growth rate in two decades. The prognostication is based on...

Read More

FDRA Survey: Stronger Economy and ‘Shoe Buying Power’ Ahead

Seventy-four percent of respondents to the Footwear Distributors and Retailer of America (FDRA) first quarter survey said the six-month outlook for the U.S. economy and the shoe buying power of consumers will be strong. On the flip side, nearly two-thirds of respondents said...

Read More

Foot Locker Should Benefit from Easy Comparison in Q1

A number of factors should positively benefit Foot Locker’s first quarter results slated to be disclosed on May 28. Most notably, in Q1/20 as the COVID-19 pandemic was spreading around the globe and forcing business closures, Foot Locker same store sales dropped 43 percent as its...

Read More

Puma Eyes Moderate Sales Growth in 2021

In pandemic-impacted 2020, The Big Cat posted a 4.9 decline in global sales in euros to the equivalent of $5.97 billion. Annual net income was down 70 percent and EBIT (Earnings Before Income Taxes) was off 53 percent.

Read More

Work Footwear Fuels Rocky Brands

Ongoing strength in the Direct-To-Consumer channel was supplemented in the fourth quarter by more than 20 percent growth in Rocky’s wholesale business—that was spearheaded by Work and Western footwear. Georgia Boot sales rose 18 percent, helped by sales momentum at key retailers...

Read More

In The News: OrthoLite, Dick’s SG, FootJoy, New Balance, Alma Mater

OrthoLite has unveiled a new thermal insole technology called OrthoLite O-Therm, which the brand describes as setting “a new standard in cold-weather footwear protection.” O-Therm is the first and only aerogel-infused, open-cell PU foam. This new technology creates a thermal barrier that...

Read More

Notes from Atlanta Shoe Market: What it’s Like to Be at a Trade Show Again

So this is what a trade show looks like, I thought to myself as I walked into the Cobb Galleria Hall. As we all know, it has been over one year since we walked the aisles of a trade show. And like everyone else, I never thought I would miss trade shows.

Read More

Summer OR Show Moves to August

Outdoor Retailer is moving its summer trade show from June to August 10-12, 2021. The show is scheduled to be held at the Colorado Convention Center in Denver. Show organizers said the change in date was made to facilitate a safe and successful in-person event.

Read More

Product Spotlight: New Balance, On and Adidas

A look at three athlete/brand collabs catching our eye, including signature lines for a baseball star and a tennis legend, as well as an All-Star themed basketball collab. With Spring Training in full swing, this week New Balance and New York Mets shortstop Francisco Lindor unveiled...

Read More

Retail Supply Chain Challenges, Opportunities & Changes Come into View

New research reports from Coresight Research/Blue Yonder and RetailWire/Manhattan Associates/Google Cloud highlight key retail supply chain issues and challenges facing retailers and vendors in 2021, including some lessons learned from a pandemic-impacted 2020.

Read More

Crocs’ Sandals Will Surpass Clogs in Growth Rate

Looking ahead after a record FY2020 where total revenues grew 13 percent to nearly $1.4 billion and digital sales jumped 50 percent (92 percent in Q4), Crocs projects its sandals business will return to growth this year. Revenue from sandals is forecast to eventually increase at...

Read More

MICAM Milano Digital Show Begins March 8

The two-month MICAM Milano virtual event, which will run from March 8 through May 8, has been designed to provide footwear brands and buyers with an online platform to meet and communicate with each other. The digital show will present trends for Fall/Winter 21/22 and other developments in...

Read More

In The News: Reef, Foot Locker, Famous Footwear, Vionic

Reef has created Advocates of Capture to tap into the creative side of its fans and followers. With a strong regional focus on California, the program is geared to create custom content for the surf footwear brand via photography, video and creative submissions.

Read More

Under Armour Will Exit 2,000-3,000 North American Doors

Aiming to hone its marketing and product messages that will eventually result in a double-digit operating margin over the long-term, Under Armour is borrowing a page out of the Nike playbook. Over the next two to three years, starting in June, the Baltimore company intends to...

Read More

Asics Wants to Regain Top Share in North American Running

Coming out of fiscal 2020 where its North American full-year sales slipped 17 percent in Yen and 15 percent in dollars to approximately $612.6 million, Asics has its sights set on increasing profitability in North America and “gaining back the Number 1 running brand position.”

Read More

Podcast: Knobbe Martens Attorneys Discuss Counterfeiting and IP Theft

In the latest Footwear Insight Extra podcast, a trio of attorneys from Knobbe Martens—Susan Natland, Jonathan Hyman and Robb Roby—discuss counterfeiting and intellectual property theft issues related to footwear and soft goods, including possible remedies for small companies looking to protect...

Read More

Product Spotlight: Reebok, Under Armour, FootJoy

A look at three new footwear styles catching our eye, including an athletic-inspired work shoe from Reebok and innovative styles from Under Armour and FootJoy.

Read More

Brazilian Footwear Showcase Launched on JOOR Passport

The Brazilian Footwear Industries Association (Abicalcados) and the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) have teamed up to showcase a range of Brazilian footwear brands on digital wholesale platform, JOOR.

Read More

In The News: Skechers, Oboz, OOFOS, Hibbett Sports/City Gear

The Skechers Foundation continued its Skechers Pier to Pier Friendship Walk’s 12-year fundraising commitment to children with special needs and education during COVID-19, raising over $1.8 million for its first-ever virtual event – boosting its donation total to over $15 million...

Read More

Columbia Eyes New Opportunities in Footwear

Tim Boyle, Chairman, President and CEO of Columbia Sportswear, says the largely outdoor-focused company is “barely testing the surface of the opportunity” in footwear from its PFG sub fishing brand. “If we could sell as many shoes as we sell fishing shirts, we would be a very big business...

Read More

Investments in Apparel for HOKA, UGG on Horizon

Deckers’ senior executives, intent on making HOKA a $1 billion brand and expanding the UGG universe, have their collective sights on apparel. But there will be no instant revenue uptick from any product line expansions.

Read More

RIA Survey Says: Specialty Run Channel Remains Resilient

A survey of more than 100-specialty run retailers conducted by the Running Industry Association reveals promising sales figures for the past year despite its challenges. And the survey also shows the growing role of ecommerce for run specialty retailers.

Read More

Brooks Running Hits Nearly $850 Million in Global Revenue in 2020

Brooks reached a new high in 2020, closing the year with global revenue of nearly $850 million, an increase of 27 percent year over year. While the COVID-19 pandemic created economic disruption this past year, Brooks was among the brands that capitalized on the influx of individuals...

Read More

In The News: Swiftwick, Nike, Cole Haan, Shoe Carnival, SCL Footwear Group

Swiftwick launched a limited edition sock this week in honor of healthcare workers. The Vision Medical Hero socks, featuring moisture-wicking and compression tech were available at the reduced price of $9.99 while supplies lasted on the brand’s website.

Read More

VFC Weighs In On Supreme, Other Portfolio Brands

The recently acquired Supreme business is projected to contribute $125 million to VF Corporation’s topline in the fourth quarter and at least $500 million in revenues in FY22. Responding to an analyst’s question about possible synergies, VF Corp. EVP/CFO Scott Roe said...

Read More

JD Group Acquiring DTLR Chain for $495 Million

The Brits’ hunger to become a major player in the U.S. athletic footwear and apparel retail space is evident. Publicly traded JD Group has now spent $1.378 billion over the last 32 months gobbling up U.S. retailers.

Read More

Grassroots Cancels June 2021 Connect Buying Show

Grassroots Outdoor Alliance, the specialty outdoor retail trade group, announced the cancellation of its spring Connect buying show, originally scheduled for June 7-10, 2021.
Previously, Grassroots Outdoor Alliance cancelled its June 2020 and November 2020 Connect shows.

Read More

Exec Changes at Rack Room Shoes

Retail chain Rack Room Shoes announced Molly Hartney has succeeded Jan Mauldin as Vice President-Chief Marketing Officer. Mauldin, who spearheaded the brand’s long-term commitment to shining a spotlight on its customers through their Real People initiative, retired after nearly two decades...

Read More