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...
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.)
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...
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.
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...
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...
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...
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.
Net income for Skechers jumped 23% to $121,223,000 in the first quarter on 27 percent revenue growth to a record $1,819,594,000 versus $1,434,455,000 for the period ended March 31. Skechers’ top and bottom-line gains were accomplished despite a challenging environment in...
An estimated 70 percent of U.S. consumers living in western states and 44 percent of those who live in the south will shop local stores when buying new footwear this spring.
Outdoor specialist REI is reshaping its store layouts, category approach and assortments to reach more runners. Since 2019, REI’s performance run business has grown 65 percent.
Scott Schaefer, who has spent nearly 14 years at Amazon-owned Zappos, was named CEO of the company last week. He had been serving as acting CEO since December following the resignation of Kedar Deshpande.
The parent of the DSW Designer Shoe Warehouse chain and The Shoe Company banner in Canada last week announced a five-year growth strategy that focuses on brand building and leans heavily on its own footwear brands for significant growth.
U.S. athletic footwear sales, after dipping 4 percent during the COVID-19 pandemic year of 2020, grew 20.3 percent last year to more than $19.9 billion, according to the 2022 SFIA Manufacturers’ Sales by Category report from the trade group.
Regional sporting goods chain Academy Sports + Outdoors, which counts 41 percent, or 106, of its 259 current stores in the Lone Star State, wants to expand its reach by opening 80 to 100 new locations over the next five years.
Pittards, a major supplier to the sporting goods and footwear industries, says its sales book to open 2022 was its strongest at the start of a calendar year since 2018 and was fueled by stronger fourth quarter orders from big shoe markets and interiors customers.
Boston-based New Balance hosted a grand opening celebration on March 28 for its latest domestic footwear manufacturing facility, an 80,000-sq.ft. plant in Methuen, MA. By year’s end, according to the Boston Globe, the factory will employ more than 200 for production of...
Footwear sales rose 40 percent for Dick’s Sporting Goods last year. The looming question is: How much of that increase to more than 2.56 billion, or 21 percent of all sales, is attributable to higher allocations of key Nike styles in 2021?
Thirteen footwear trade associations and shows will work together in a new collaborative alliance—the Footwear Trade Show Council (FTSC)—to increase information sharing, explore best practices and align critical dates for the industry through in-person and virtual sessions.
As we head into the spring season, independent shoe retailers are continuing their balancing acts: Meeting the needs of eager consumers, while also dealing with a multitude of challenges that continue to impact their businesses.
Vancouver-based Native Shoes has launched the Robbie, a new shoe for kids, along with a campaign to honor and inspire children called “Ask a Tiny Activist.” Part of what the brand calls “Generation Do,” each “tiny activist” featured in the campaign has his or her own Instagram presence.
Fila USA annual year-over-year revenues rose 11.5 percent in 2021 to KRW 568,621 million ($497.0m). Gross margin declined slightly by 0.7 percent to 27.7 percent.
On Holding AG, which filed its initial public offering last September, is making moves to establish a firm foothold as a global performance brand and broaden its reach among consumers worldwide through new distribution channels and a product assortment that stretches beyond premium running shoes.
The Swoosh, which will commence its 50th anniversary in May, exceeded revenue and diluted earnings per share guidance in the third quarter ended Feb. 28 despite persistent product transit woes into the North America market and marketplace demand that exceeded available supply.
The 738-door Zumiez chain, citing the absence of a federal consumer stimulus this year and current economic uncertainties due to inflation and the conflict in Ukraine, is forecasting a meaningful drop in Q1 revenues to a range of $215-221 million.