Bob McGee

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How Footwear Consumption Will Be Impacted in 2020

Global footwear consumption is projected to decline by 4 billion pairs in 2020, including a 696 million pair drop in North America, according to the most recent Business Conditions Survey by World Footwear.

Amid Spending Drop, Nike Gains Market Share with Teens

The Swoosh remains the top footwear brand of teens, gaining 600 basis points year-over-year to a 47 percent share, according to Piper Sandler’s “Taking Stock With Teens Survey” for Spring 2020.

Tariff Relief Likely ‘Dead Issue’; U.S. Retail Imports at Five-Year Low

The Trump Administration apparently will not heed the pleas of more than 100 U.S. trade associations who last month sought an executive order to temporarily suspend duties on Chinese imports, including footwear, as a means to counter impacts from the COVID-19 pandemic.

March E-Commerce Sales Out of Step with Footwear

Various stay-at-home orders and non-essential businesses closures to prevent the spread of COVID-19 dramatically shifted what U.S. consumers were purchasing online last month.

More Width Options Would Benefit Shoe Brands

Citing research from its scans of two million U.S. footwear customers at more than 600 retail stores over more than four years, Volumental suggests a lack of data-driven design and manufacturing is hurting most footwear brands today.

RIA Survey Provides Key Insights on Run Specialty Channel

The longer the COVID-19 crisis lurches forward, the more likely U.S. run specialty shops will be challenged to generate higher year-over-year monthly sales. Some 29 percent of run specialty survey respondents projected “up to flat” year-over-year sales in April, while...

In The News: Shoe Carnival, Crocs, Columbia Sportswear, and More

Shoe Carnival senior executives declined to answer an analyst question about footwear vendors possibly extending dating on orders by 60 days during the company’s fourth-quarter conference call last week.

Duty Relief May Be Coming to Footwear Companies

Seven months after more than 200 U.S. footwear companies urged the Trump administration to cancel higher tariffs on their Chinese imports, some temporary relief may be on the horizon.

Adidas Will Commercialize FutureCraft.Loop in 2021

Current plans call for the Three Stripes to launch a second generation of Futurecraft.Loop, the 100 percent recycled performance running shoe concept, sometime next year after a current round of testing.

Nike Holds ‘Playbook’ to Re-Energize Global Markets

In an increasingly digital, inside world prompted by the global spread of COVID-19, Nike senior executives say the company has formulated a strategy out of its business experience with the pandemic in China.

Vibram, Nike, HanesBrands Respond to COVID-19

Citing ongoing developments in Europe and the rest of the world, Vibram late last week decided to temporarily suspend production at its Albizzate, Italy facility for at least a week, and to close Vibram stores in Milan and Montebelluna, Italy and Boston.

In The News: Dick’s, Puma, Hibbett and More

Dick’s Sporting Goods footwear sales accounted for 21 percent of its FY19 revenues, or an implied $1,837.6 million, according to the company’s annual report. The total represents an...

Looking Ahead

On Massachusetts Avenue, Lexington, MA’s downtown thoroughfare, there are plenty of reminders of the past. The right side of the street is lined with a small deli, a three-screen theater, and the 85-year old Theatre Pharmacy. It’s also the home of Michelson’s Shoes, a fourth-generation...

Modell’s Likely to Go Dark on NYC Landscape

“Gotta Go to Mo’s” is a phrase that may continue to ring true in New York City, but consumers will have far fewer places to head for their apparel and licensed garb, according to bankruptcy court documents filed in early March.

COVID-19: Retail — and the World — on Lockdown

Given the global pandemic’s fluid severity depending on U.S. state and country, it’s hard to measure the virus’ eventual aggregate negative impact on trade until it runs its course.

Kohl’s Confident on Active; Genesco Withdraws Guidance

Kohl’s remains bullish on the active segment for the entire family. The mid-level department store realized a positive comp for the segment throughout FY19. In the fourth quarter, active apparel comps rose mid-single digits, ahead of footwear’s gain for the period.

Dick’s Ongoing Transformation Will Mean More Premium Footwear

The go-forward strategy for Pittsburgh-based Dick’s Sporting Goods, the nation’s largest full-line sporting goods retailer, will focus on women athletes, team sports, golf, private label offerings and a stronger “Buy Online, Pick-up in Store” (BOPIS) platform — and much less on hunting.

Adidas: DTC is a Positive; COVID-19, a Negative

In reporting FY19 results earlier today, the Three Stripes confirmed its FY20 outlook of 6 to 8 percent currency-neutral growth, and affirmed that the temporary challenges from the coronavirus will impact first quarter revenues and profitability by $500 million or more.

FDRA Applauds Payroll Tax Cut, Wants Freeze on U.S. Shoe Duties

Matt Priest, president and CEO of the Footwear Distributors and Retailers of America, wants the Trump Administration to strongly consider freezing footwear duties that it estimates will cost U.S. consumers nearly $12 billion at the cash register this year.

Imports to Take Longer, Larger Hit from Coronavirus Impact Expected

Factory shutdowns and travel restrictions within China continue to affect production in the country, according the latest Global Port Tracker report from the National Retail Federation/Hackett Associates.

Foot Locker Spends on Supply Chain, Logistics But Could Face Pitfalls

Wall Street circles are cautious about the retailer’s FY20 outlook calling for a low-single-digit comparable sales improvement and continued supply chain investments, citing possible product delivery delays this year fueled by the effects of the coronavirus crisis.

Economic Impact of Coronavirus May Be Far Ranging

Potential financial impacts from the burgeoning coronavirus (COVID-19) crisis began to emerge as the calendar turned to March and the number of confirmed cases approached 100,000 worldwide. Nearly 10 percent of cases were outside of China.

Cole Haan Reportedly Delays IPO

Cole Haan, the 92-year old Greenland, NH company headed by CEO Jack A. Boys, a former Converse and The North Face senior executive, has reportedly decided to delay its initial public offering.

In The News: Vibram, Crocs, Big 5, FootJoy

Leading footwear industry executives, innovators and college industrial design students gathered in Boston last week for Vibram's third Sneaker Forum event.

RIA Sets KICK Show Lineup

The Running Industry Association’s (RIA) KICK Show will take place May 11-14 in Denver’s Curtis Hotel for a second consecutive year. KICK Show 2.0 will feature 28 brands across footwear, apparel and accessories. The show will also feature an Emerging Brand Showcase featuring...