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.
From must-have insoles to grab ‘n’ go nutrition and hydration products to performance headwear and beyond, these go-to essentials are ideal choices for newbie and expert runners alike.
Caleres-owned retailer Famous Footwear, which generated an 11 percent increase in Q3 sales from Q3/19 to nearly $494.7 million, is testing a catalog with consumers for the first time this week.
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.
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...
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.
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...
Despite an “extremely strong order book,” Merrell may endure continuing impacts from factory shutdowns in Southern Vietnam until Q2/22, senior executives at parent Wolverine Worldwide told analysts last week.
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.
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.
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.
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...
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.
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...
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...
Senior executives at Deckers Brands, the UGG, HOKA and Teva parent, told investors last week that approximately 45 percent of company inventory was in transit at the end of September versus 20 percent typically.
For Skechers, higher Average Selling Prices (ASPs) being generated by the brand will be eaten up by higher freight costs this year, company management said last week. The brand is projecting the severe supply constraints it experienced in Q3 to continue for the remainder of FY21 and...
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...
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.
Clearly wanting to avoid any scenario that could negatively affect its current hot streak, Crocs is moving an unspecified percentage of its production out of COVID-19-impacted Vietnam to China, Indonesia and Bosnia.
They may not be the subjects of glitzy ad campaigns from the sneaker giants, but the aging Baby Boomer set is buying up athletic footwear at a record pace. Consumers, aged 71+ and most flush with plenty of disposable income, have spent more than 50 percent more in dollars on athletic shoes...
VFC-owned Timberland is being fueled by its continued strength in the Americas and the work of its senior management, which has sharpened the brand’s focus on sustainability, craftsmanship, newness and working outdoors.
This holiday season, brick-and-mortar store sales are expected to rise 7.9 percent and contribute nearly 72 percent of the season’s growth as total U.S. holiday sales surpass $1 trillion for the second time ever with a 9.0 percent overall growth rate.
Richard Sullivan will retain his president title and role at Asics North America as he ascends to the CEO position, which had been vacant since Koichiro Kodama left the role last year to become a managing executive officer of Asics Corp. last year.
Everything is up—retail footwear prices, inflation, and supply chain bottlenecks—and that’s not good news for consumers or the shoe industry. Steve Lamar, President and CEO of the American Apparel & Footwear Association (AAFA) fired off a...