RIA Survey Says: Most Running Brands Don’t Expect Supply Chain Normalcy Until Q1/23
IN THE NEWS: JD Sports, Shoe Palace, DTLR, Academy Sports
U.K.-based JD Sports Fashion, which now counts more than 930 standalone stores in the U.S. plus a concession business inside Macy’s locations, wants to strengthen the online businesses of its latest acquisitions, Shoe Palace and DTLR.
Deckers Brands Makes Changes to Executive Suite
UGG and Hoka parent Deckers Brands last week promoted 14-year company veteran Angela Ogbechie to chief supply chain officer where she will become a member of the Deckers Brands executive team and report directly to Dave Powers, CEO and president.
Virtual Try-On Is Here
In a development worth keeping an eye on, Amazon has launched a Virtual Shopping, AR-aided Tool which has been available to Amazon shoppers in the U.S. and Canada since late last week.
Rocky Brands Slashing Non-Manufacturing Headcount by 13 Percent
Rocky Brands is downsizing its workforce by 13 percent. The layoffs are a result of the Ohio company’s cost savings review that will result in annualized savings of $3.0-$4.0 million.
Marc Fisher Footwear Lands N.A. License for Earth Shoes
Greenwich, CT-based footwear company Marc Fisher, which has a portfolio of licensed footwear brands that includes Easy Spirit, Calvin Klein and Guess and its namesake label, has secured a multi-year, North American licensing agreement for Earth branded footwear for men and women...
In The News: Aetrex, Twisted X, Nester Hosiery
Aetrex reports that it is gaining traction with its Albert Pro 2, securing more than 220 orders for the in-store scanner from U.S. run and outdoor specialty retailers during the first quarter.
Famous Footwear Taking Tactical Approach to Reach Customers
With the promotional environment expected to remain quiet and continue bolstering full-price sales and margins, Caleres-owned Famous Footwear is promising to employ a more tactical approach for connecting and engaging with its customer base.
Journey’s Sees Consumer Shift to Casual Offerings
Senior executives at parent Genesco told analysts last week that Journey’s is continuing to see its fashion-forward customers gravitating more to casual footwear offerings and away from fashion athletic styles.
Retail Round-Up: Hibbett, Dick’s SG, Kohl’s
Hibbett Sports posted a year-over-year “teens” sales decline for its footwear and apparel segments in the first quarter, in line with expectations. Men’s, women’s and kids’ footwear and apparel were each up double-digits when compared to Q1/20.
Shoe Fly Creates a Buzz
The term “Shoe Fly” has been in the vernacular of most Pennsylvanians since the invention of the sticky, molasses-based pie in 1876. But it took on added significance for citizens from Pittsburgh to York, PA in 1999.
Hoka Sees Greater Product Availability, Wider Distribution in Months Ahead
Deckers-owned running brand Hoka, which generated a 59.7 percent increase in Q4 sales to $283.5 million for the three months ended March 31 and a 56.1 percent topline gain for the FY to $891.6 million, is projected to grow in the “high 30 percent” range this fiscal year.
Shoe Carnival Preps for Accelerated Expansion
As the family shoe chain Shoe Carnival gets ready to grow to 400 total doors this fiscal year and 450 locations in FY24, it is seeing its merchandise mix shift back to a nearly 50:50 split between athletic and non-athletic categories.
Foot Locker Facing a Brand(s) New World Ahead
With Nike allocations and sell-ins to Foot Locker on the decline, especially for the all-important holiday period in Q4, the retail behemoth believes it can thrive in an adjusted merchandise environment flush with expanded product assortments from brands not adorned with...
World Footwear Survey: Prices Headed Higher on Moderate Consumption
Global footwear prices are forecast to rise 8.4 percent over the next six months, ranging from a high of a 9.8 percent increase in Europe to a minimum of a 5.7 percent jump in North America...
On is Growing Distribution Worldwide
The Swiss company On, which reported 68 percent first quarter global sales growth to the equivalent of $235.2 million and realized 86.5 percent topline expansion in North America to $137.9 million, is ratcheting up its distribution with major retailers despite persistent tight supply levels.
Asics NA Bolstered by Multiple Factors in Q1
First quarter revenue growth of 12.2 percent for ASICS North America was sparked by gains in the performance running and core performance sports categories.
Wolverine Worldwide Meets Guidance, Re-iterates FY Outlook
Despite persistent supply chain challenges and macro headwinds, Wolverine Worldwide exceeded revenue and earnings per share guidance in the first quarter.
How Appalachian Running Co. was Born
The Appalachian Running Company, a four-store run specialty business, will expand to six locations across Pennsylvania later this year with new stores planned in Camp Hill and Erie. Currently a sub-brand of Shoe Fly Inc., the history of the Appalachian Running Co. can be traced back to...
Adidas Strikes Long-Term Partnership with Foot Locker
The Three Stripes, which last week announced a 13 percent constant currency increase in North American revenues to the equivalent of $1.25 billion that included a 20 percent jump in Direct-To-Consumer sales, has entered a three-year partnership with Foot Locker.
Crocs Focused on $6 Billion in Annual Revenues
The topline objective of $6 billion in annual revenues for Crocs includes $5 billion in sales from the Crocs brand and $1 billion or more from recently acquired Heydude. Crocs is making investments to help push digital to 50 percent of total revenues, and it wants to...
Short-Term Issues Impacting UA Sales in 2022; New Loyalty Program in the Works
After unveiling a loyalty concept in the Asia-Pacific region, Under Armour reports that it will be introducing a version in North America later this year, as well. (No further details were shared on the new NA loyalty program.)
NPD: A Seismic Shift May Be Underway for Footwear Market
In its first quarter review of footwear sales and trends, The NPD Group suggests “a seismic shift” in the industry may be beginning with up-and-coming brands and new styles and technologies gaining traction and top, more established footwear brands showing softness.
Merrell Partners with NetVirta on Shoe-Fitting App
Smartphone 3D body scanning technology creator NetVirta is working with Wolverine-owned Merrell on the beta version of the brand’s new Merrell Shoe Advisor mobile application. The Boston-based technology company’s Verifyt will allow Merrell consumers to utilize an easy, gamified AR-powered...
Rocky Brands Posts Strong Q1 Sales, Profit Gains
Net income for Rocky Brands rose 61 percent to $7,339,000 from $4,492,000 for the period ended March 31 as total sales soared 90.5 percent to $167,025,000 from $87,667,000. But the parent of the Durango and Xtratuf brands, among others, admittedly has work to be done cutting...
Ellesse Collaborates with Michael Kors
Fashion brand Michael Kors is teaming up with heritage sportswear brand ellesse on a ’70s-inspired collab. Launching May 9, the 24-piece ellesse X Michael Kors capsule collection has a luxe, retro athleisure feel, and includes chunky sneakers, logo slides...