Bob McGee

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VF Highlights Digital; Return to Growth in Q4

VF Corp., the Vans, North Face and Timberland parent, which is forecasting sequential improvement in the third quarter and a return to topline expansion in its final period, predicts FY21 revenues will hit or surpass $9 billion. That figure would represent a 14 percent year-over-year decline on...

Cole Haan Is Making Moves

Cole Haan is working to broaden its reach and appeal among Millennials ahead of an initial public offering. The 90-plus year old company is led by two former Converse senior executives and is majority controlled by private equity firm Apax Partners. Market sources anticipate the...

FDRA Survey: Younger Consumers, Men Will Spend More on Footwear in Holiday Season

An estimated 49 percent of 18- to 29-year old’s and 36 percent of men intend to spend more on footwear during the 2020 holiday season, according to a new telephone survey from the Footwear Distributors and Retailers of America that was conducted earlier this month by Emerson Polling in Boston.

In The News: Cardi B + Reebok, Rack Room, Foot Locker

Reebok and entertainer Cardi B had Instagram buzzing over the weekend when Cardi B teased the November drop of her collab with the brand, posting a photo with her take on the Club C shoe. A limited number of Reebok’s Cardi B Club C shoes, priced at $100, were made available, selling out quickly.

Sporting Goods Industry Continues to Be Challenged

Results from the World Federation of the Sporting Goods Industry’s latest member survey offer some keen, current insights into factors facing the global sporting goods industry amid the ongoing, global COVID-19 pandemic. Among them: Only 20 percent of manufacturing companies are...

FDRA, FFANY Complete Merger

The Footwear Distributors and Retailers of America (FDRA) and Fashion Footwear Association of New York (FFANY) are now one trade organization with the merged operation now serving and representing 95 percent of the entire footwear industry.

In The News: Academy Sports + Outdoors, AmerSports, Dick’s Sporting Goods

‍Dick’s Sporting Goods is expanding its reach with six new stores (Lynchburg, VA; Happy Valley, OR; Annapolis, MD; Wilmington, NC; Modesto, CA and Houston, TX), two combination Dick’s/Golf Galaxy locations and three warehouse...

Bryce Wernsman Named Vasque Footwear President

Vasque has named Bryce Wernsman as its new president. For the last three years, Wernsman has led marketing efforts as the Senior Director of Global Marketing at Red Wing Shoe Company. In his new role, Wernsman will be charged with overseeing Vasque’s distribution, product and...

Possible New Tariff Dilemma Faces Industry

The legal justification that allowed the Trump administration to impose tariffs on approximately $370 billion worth of Chinese imports into the U.S. in Aug. 2017, under Section 301 of the Trade Act of 1974, could be utilized to levy new tariffs on Vietnamese imports that include footwear.

Third Mind Aims to Deliver Feel Good Footwear

When 30-year footwear veteran Steve Hamel dreamed of starting his own brand, he knew he wanted to do it right. Now with the launch of Third Mind, Hamel debuts a line of performance casual shoes that are built with sustainable materials and with responsible manufacturing.

Challenges and Opportunities for Holiday Sales

Thanks to impacts from the ongoing COVID-19 pandemic and the continued rising influence of ecommerce on consumer behaviors, this holiday season will bring a new set of challenges and opportunities to footwear retailers and vendors. In-store safety, the ecommerce experience...

Aussie Work Boot Brand Strikes Deal with Foot Wellness Chain

Steel Blue Boots, a leading Australian work boot supplier that launched in the U.S. market in 2016, has struck a partnership agreement with foot wellness retailer Foot Solutions.Steel Blue work boots will be available in more than 50 Foot Solutions retail locations in the U.S. later...

Two Bidders Emerge for Family-Owned Clarks

The British parent of the iconic Desert Boot and Wallabee may have a new majority owner by October 31 that could end 195 years of controlling interest by the Clark Family. Two private equity firms, Hong Kong-based Lion Rock Capital and London-based Alteri Investors are...

Nike Continues to Lean on Digital, Data and Tech

After reporting first quarter results yesterday that exceeded Wall Street expectations, Nike senior executives stressed the company’s commitment to continued technology investments, data mining for closer connections to customers and enhancements to its digital-first strategy.“

Work It: New Offerings from Ariat, Michelin

We put two new work boot lines under the spotlight: Michelin’s new collection by Rocky Brands and Ariat’s line that focuses on women.Pictured above right: A new collection of Michelin safety footwear, designed and distributed by Rocky Brands, is available at retail now.

Compass Diversified Acquiring BOA Technology

Compass Diversified, the publicly traded parent of 5.11, Velocity Outdoor and baseball brand Marucci is acquiring BOA Technology, the Denver-based dial-based fit system firm for $454 million in a merger transaction projected to close by Oct. 31.

Obituary: Robert W. “Bob” Gore

The chairman emeritus of the Board at W.L. Gore & Associates, the Newark, Delaware-based Global material science company, died Sept. 17. Robert W. “Bob” Gore was 83 and served the Gore brand for 57 years, including five as president and 30 as chairman.

Under Armour Expands Restructuring

Approximately 600 Under Armour corporate employees, some 11.8 percent of its 5100 strong corporate workforce as of Dec. 31, 2019, are losing their jobs at the Baltimore-based company. The job cuts, expected to cost Under Armour $30 million in employee severance and benefit costs, are...

Academy’s Footwear Business Topped $1 Billion in FY19

Regional value-based retailer Academy Sports + Outdoors, which filed for a proposed $100 million offering of public stock last week, generated more than $1.02 billion in footwear sales for the fiscal year ended Feb. 1, 2020. The footwear sales total, up 2.4 percent...

Crocs Anticipates Strengthening Business, Names President

Citing “exceptional consumer demand and strong sellthroughs,” the Broomfield, CO company last week projected its third-quarter sales will increase approximately 10 percent from the $312.8 million generated in the year-ago period.

Geox, Clarks Altering North American Business Models

Geox, the publicly traded parent of the Italian classic and comfort brand, is making changes to its operations in the U.S. and Canada in effort to improve profitability across the region. Meanwhile, iconic British shoe brand Clarks is reportedly contemplating a shift toward...

Journeys Will Lean On Core Styles, Products For Holiday Season

Genesco-owned Journeys, admittedly in “inventory chase mode” since stores reopened following COVID-19-related closures, will bank on core footwear styles and products for the holiday season that will likely commence in October this year.

Designer Brands Pivots to Athleisure, Reins In Camuto

The DSW parent says the banner experienced a dramatic rise in its second-quarter athletics business and that it has the flexibility and necessary vendor relationships to become a “go-to sneaker” headquarters.

JD Sports Still Eyes Expansion

JD Sports, the publicly traded British parent of the Finish Line, has not altered its strategy for increasing the JD and Finish Line nameplates across the U.S. despite impacts from the COVID-19 pandemic.

Under Armour to Lay off 600; Expands Restructuring

Approximately 600 Under Armour corporate employees, some 11.8 percent of its 5,100 strong corporate workforce as of Dec. 31, 2019, are losing their jobs at the Baltimore-based company. The job cuts, expected to cost Under Armour $30 million in employee severance and...