Zumiez Adapts to Supply Chain Challenges
Senior executives for Zumiez say the retailer’s buying staff will do whatever is needed to meet market demand from chasing “hot” products to pushing out orders for slower movers.
Famous Footwear Stepping Up Kids’ Business
Caleres-owned chain Famous Footwear wants to further accelerate its momentum in the kids’ footwear category, which represented 18 percent (approximately $71.6 million) of total Q1 revenues and posted a 39 percent increase over Q1/19 level.
Improving Market Trends Highlight Latest FDRA Business Survey
Three key market metrics — outlook for the U.S. economy over the next six months; outlook for shoe shoppers over the next six months; and company health over the next six months — each posted quarterly improvement in the Footwear Distributors & Retailers of America...
DSW Will Continue to Sell Nike Through End of 2021
While Nike will stop taking orders from DSW parent, Designer Brands, and its Canadian operations in September, DSW will be selling Nike through the end of this year. In reporting its first quarter results, Designer Brands senior management highlighted the banner’s ongoing athleisure strategy...
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...
Foot Locker Shedding Footaction Banner
Foot Locker is parting ways with its Footaction business, converting approximately one-third of the 231 doors to Foot Locker or Champ Sports banners with expanded women’s, kids’ and apparel offerings and letting leases on the remaining locations expire over the next two years.
HOKA Eyes Younger Consumers, New Categories to Hit Lofty Revenue Goals
HOKA’s global revenues rose 62 percent to $571 million for the fiscal year ended March 31, and will more than likely top $800 million this FY on route to $1 billion in annual global revenues. Deckers’ senior management says the topline expansion will be achieved through...
VF’s Strategy to Re-Ignite Vans’ Momentum Kicks Off in June
Aiming to fuel product and marketing excitement behind its largest brand and regularly connect it to its most ardent customers, VF Corp. is launching a globally coordinated weekly drop cadence for Vans in June that marries product and experiential demand creation.
BOGO NoMo as Ecommerce Rises for Shoe Carnival
Shoe Carnival, the 383-door chain, is seeing its ecommerce business continue to rise, but is still forecasting brick-and-mortar growth to outpace its ecommerce expansion in 2021 “as consumers continue to seek in-person experiences and family activities outside the home...
Global Footwear Market to Reach $440 Billion by 2026
The global footwear market could reach $440 billion by 2026. The estimate, provided in a new report from Global Industry Analysts (GIA), assumes a 2.3 percent CAGR for the entire segment and a 1.9 percent CAGR for the athletic segment.