Footwear Insight Extra
Genesco Inks Etonic Licensing Deal
Heritage athletic brand Etonic will be back at retail next year. The Licensed Brands division of Nashville-based Genesco, which also operates the Journeys retail chain, has secured an exclusive three-year agreement for the 145-year-old brand with Etonic Holdings Inc.
Nike Accelerates Investments in Soaring Digital Business
The Swoosh is putting more capital into its distribution network to scale a digital-first supply chain, and leaning more heavily on advanced analytics, automation and technology to make it happen.
Canadian Firm Lands Prince Lifestyle Footwear License
Pajar Canada, a fifth-generation family shoe business based in Montreal since 1963, has struck a lifestyle footwear deal for the Prince brand with its parent, Authentic Brands Group.
Alpargatas Takes Stake in Sustainable Footwear Brand Rothy’s
Brazilian lifestyle footwear maker Alpargatas, owner of the Havaianas brand, is making a strategic investment in Rothy’s Inc., a digital-first, sustainable footwear brand based in San Francisco.
In The News: Fila, DTLR, NRF
Lifestyle retail chain DTLR, in partnership with Adidas, presented a total of $100,000 to several nonprofit organizations – who helped identify the families in need in each city – in an effort to provide holiday cheer to less fortunate families this season.
Dr. Martens Raising Prices for Fall/Winter 2022
Senior executives of the British footwear company Dr. Martens, which commenced an IPO on the London Exchange in January with a valuation approaching $4.89 billion, confirmed last week that product price hikes are on the horizon due to higher transportation and raw material costs.
Lululemon’s 2022 Footwear Launch Described as a ‘Test and Learn’
Lululemon remains on track to bring its own branded footwear to the market in 2022, though LULU senior executives offered few details about the brand’s planned entry into footwear during the company’s Q3 earnings call last week.
2021 U.S. Retail Imports Projected to Grow 18.3 Percent
Despite supply chain disruptions and the continued impacts of COVID, imports at the nation’s major retail container ports increased in 2021, according to the monthly Global Port Tracker report released this week by the National Retail Federation and Hackett Associates.
Retail Updates: Academy, Sportsman’s Warehouse, Kids Foot Locker
Academy Sports + Outdoors generated a 17.4 percent increase in footwear sales to $320.1 million for the three months ended Sep. 30. The Q3 category improvement was led by double-digit increases in sales of Nike, Adidas and The North Face and double-digit gains...
Trendspotting at The Running Event
After a one-year hiatus, the run specialty community gathered once again last week for The Running Event, the annual run specialty trade show held in Austin, TX. The energy at the show was upbeat and the vibe on the floor was similar to year’s past with the larger footwear brands...
With SNIPES-Jimmy Jazz Union, Germany’s Deichmann SE Making More Noise in U.S.
Privately held Deichmann SE, based in Essen, Germany, founded in 1913 and reportedly the largest footwear retail operator in the European Union, made more noise in the U.S. market last week. Already the parent of Rack Room Shoes, which celebrates its 100th anniversary in 2022, and its...
Moolah Kicks, HOLO Aim to Establish Market Niches
Veteran footwear designer Rommel Vega, who has worked for the likes of Merrell, Keen, Columbia, Puma, DC, and Converse, is the visionary behind Portland, OR-based HOLO. The brand, which merges sustainable materials, accessible price points and modern outdoor-inspired designs into its products...
DSW Leaning into Top Brands, Kids and Athleisure
Designer Brands-owned retailer DSW says increased penetration of its Top 50 brands has carried more weight with its customers and enabled it to have more regular and less promotional selling. DSW generated significant growth in kids and athleisure products in the July-August timeframe...
Journeys Adding New In-Store Point-of-Sale in January
Besides new point-of-sale hardware and software, Genesco-owned chain Journeys will add tablets to all locations to enhance the omni-channel experience for its customers. The tablets will allow for easier access to the banner’s full merchandise assortment networkwide...
In The News: Skechers, Ziera USA, Reebok, SPARC, Liberty Fairs, Johnston & Murphy, REI
Skechers is making a sustainability statement, partnering with The Nature Conservancy through a multi-year commitment, contributing a minimum of $800,000 to help the organization achieve its mission to protect our world’s lands and waters.
More Consumers Shop in Stores Over Holiday Weekend
Traffic was up at brick-and-mortar retail over Thanksgiving Weekend this year, according to the annual National Retail Federation/Prosper Insight & Analytics survey released yesterday morning.
Dick’s Sporting Goods Sees Footwear Upside
The nation’s largest full-line sporting goods chain Dick’s Sporting Goods did not offer specific numbers but confirmed last week that it will continue investing in premium, full-service footwear decks in its stores. In Q3, the retailer’s footwear comparable sales rose 12.2 percent year-over-year...
World Footwear Survey Says: N.A. Respondents Less Concerned About Sustainability
The fifth edition of the World Footwear Business Conditions Survey, conducted online in October by APICCAPS (Portuguese Footwear, Components and Leather Goods Manufacturers’ Association), found that only 6.3 percent of North American respondents mentioned sustainability concerns...
In The News: Darn Tough Vermont, Oomphies, K-Swiss
This week, sock brand Darn Tough Vermont announced it has hit the 1 million mark of meals donated to the Vermont Foodbank. The relationship kicked off in 2003 with Darn Tough donating turkeys to feed the community.
FDRA Survey Says: Higher Footwear Prices on Horizon
Numerous factors are contributing to the likelihood of higher retail footwear prices in 2022. Those considerations include higher operating costs, port backlogs, the tight labor market, and projections of higher landed costs for footwear.
Banner, Assortment, Exec Changes Underway at Foot Locker
Much is on the move at Foot Locker, and all of it will bring noticeable change in 2022 for the global athletic specialty retailer. Ahead of its Q3 earnings’ announcement Friday, Foot Locker disclosed several changes within its executive suite, including...
Shoe Carnival Ramping Up Renovations, Expansion
Shoe Carnival, the 377-door family footwear chain, coming off the best quarterly results in its 43-year history, says it will modernize 90 percent of its fleet by 2025 and commence an annual store opening strategy of 10 or more doors starting in 2023. A return to net new store growth begins in 2022.
In The News: Tretorn, La Sportiva, OrthoLite, Reebok, REEF
Tretorn is sending a message with its latest bot offerings. The brand’s new “Sea Level Re-Boot” rain boots are made from sustainable and recycled materials, and they each have a printed measuring stick on the back of the boot that indicates how high the sea is expected to...
Adidas Acts on Supply Woes
Despite having its contracted footwear and apparel factories up and running last week at nearly 70 percent capacity, The Three Stripes estimates it will lose a capacity of approximately 100 million units total in H2/21. It estimates its Asian factories will be at 85 percent capacity by month’s end.
Fleet Feet’s Pointer Talks JackRabbit
As reported last week, Fleet Feet is acquiring JackRabbit in a deal that will result in a national, omnichannel running specialty business of more than 250 doors under a Fleet Feet single banner. Here, Fleet Feet President & CEO Joey Pointer answers five quick questions about the acquisition.
Globe’s Largest Footwear Maker Impacted by COVID Closures, Weak Retail Sales
Yue Yuen generated a 3.2 percent increase in footwear manufacturing revenue to slightly more than $3.2 million as it shipped 179.0 million pairs for the nine months ended Sep. 30 on solid demand.
Financial Updates: On, Fila, Mizuno
On, which filed an IPO in September, reported its first results as a public company yesterday. Third quarter sales for the Swiss company hit a record 218.0 million Swiss Francs ($234.2 million) and the brand’s Direct-To-Consumer segment sales increased...
Fleet Feet Acquiring JackRabbit from PE Firm
In a move heard round the run industry last week, Fleet Feet announced that it is acquiring JackRabbit. The transaction, expected to close early next month, will end CriticalPoint Capital’s nearly four-year investment in athletic/run specialty retail with JackRabbit and create a...
Retailers Give Mixed Review to Latest Actions in Washington
The globe’s largest retail trade group, The National Retail Federation, has offered a mixed review of two key Biden Administration, Capitol Hill moves over the last week. The House passage of a $1.2 trillion bipartisan infrastructure bill Friday night was lauded by the NRF...
ASICS’ Nine-Month Performance Running Sales, Profitability Soar
ASICS’ global performance running shoe sales jumped 38 percent in Japanese yen to the equivalent of $1.48 billion for the nine months ended Sep. 30. Segment profitability was up 97 percent over the period to the dollar equivalent of $353.2 million.
Brooks Makes It Eight Straight
Brooks reported an eighth consecutive period of higher sales in the third quarter ended Sept. 30. The Berkshire Hathaway-owned running brand said it’s benefitting from distinctive products, premium brand positioning, strong multi-channel distribution, digital engagement and...
Outdoor Trade Group Launches IndieOutdoor
Ahead of this week’s Grassroots Connect buying show in Kansas City, Grassroots Outdoor Alliance announced the launch of IndieOutdoor, a 501(c)(6) non-profit trade association that it says will deliver real-time sales data, local marketing support and a united national voice...
In The News: Baffin, Hood Rubber Company, Columbia, Rocky Brands
Baffin has introduced Yellowknife, a $150 men’s and women’s winter boot designed and manufactured in Stoney Creek, Ontario. An homage to Baffin's Canadian heritage and the country’s unpredictable climate, Yellowknife boots were created to be adaptable...
Under Armour Turnaround Taking Hold Despite Industry Challenges
Under Armour shares soared more than 16.3 percent yesterday, or $3.59, after the company reported Q3 results where revenues and EPS exceeded projections. North American revenue was 8 percent higher to $1 billion due to improving brand health and stronger-than-expected Back-to-School and DTC sales.
Puma Continues to Roar
Through the first nine months of 2021, The Cat’s North American sales are up 59 percent. The regional topline slowed to a 23 percent increase in Q3 after jumping 41 percent in Q1 and 158 percent in Q2. Overall, the company’s year-to-date global sales are up 39 percent to $5.8 billion...