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The Gold Medal Service Awards 2022

Customer service is at the heart of what makes independent footwear stores special. The best stores not only know how important customer service is, they also know how to deliver it.

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Footwear Insight

Magazine Archives

Work & Play

Performance. Sustainability. Athletic. Feature-Rich. Innovative Comfort. These are some of the buzzwords that jump off the page when looking at the latest work and outdoor boot offerings. Where is innovation happening right now in the boot category?

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Hiring Advice from the Shop Floor

Securing new employees hasn’t been an easy task for years, well before the start of the Covid-19 pandemic. Low unemployment rates and high demand for able, qualified bodies in a multitude of industries has given potential new hires leverage...

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Stan’s Fit For Your Feet Acquires Waxberg’s Walk Shoppe

In a deal made between two third-generation family businesses, Wisconsin-based Stan’s Fit For Your Feet has purchased Waxberg’s Walk Shoppe, located in Niles, IL.

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How to Acquire Top Talent

If you are going to hire staff, you should aspire to hire top talent. Top Talent includes special people who have super human strengths in various forms and they are worth every penny of what they earn.

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Perfect Combo

Today’s hybrid lifestyles have consumers looking for performance in their comfort shoes and comfort in their performance shoes. Need a shoe that works for everything from the trail to the office? No problem.

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Step Into Style

Looking good and feeling good is the name of the game in sandal styles for this summer and next spring. In this peek at Spring ’23 sandal styles (along with some current standouts), brands showcase innovation in materials, uppers, fit and midsole tech in sandals built for...

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Running Category in the Spotlight

The Running Event trade show is taking place this week in Austin, TX. The three-day event, which brings together running brands and retailers, began yesterday with conference sessions, including a keynote speech from Olympian and Saysh brand founder Allyson Felix.

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Dr. Martens Lands Strong Wholesale, D-T-C Growth

U.K.-based footwear brand Dr. Martens generated 31 percent (15% in constant currency) first half sales growth in North America to the equivalent of $217.5 million. Wholesale revenues increased 35 percent and Direct-To-Consumer sales rose 26 percent year-over-year for the period ended Sept. 30.

Read More

Caleres’ Brand Portfolio Delivering Positive Momentum

Fueled by strong consumer demand for fashion brands and products, segment revenues at Caleres rose 7.6 percent to $323.2 million in the third quarter ended Oct. 29.

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In The News: Balega, Feetures, LOWA Boots

Sock brand Balega announced that in Spring 2023 all of the socks in its line will be knit with recycled yarns and will be sold in the brand’s new, more sustainable packaging that utilizes 26% less carboard pulp, removes any harmful lacquer coating, and uses less harmful ink.

Read More

On Delivers Despite Warehouse Constraints

Third quarter North American revenues for the Swiss brand On rose by 57 percent to 176.3 million Swiss Francs ($184.6 million) despite temporary constraints on its business in mid-August due to problems in its warehouse that prevented the company from fulfilling all demand...

Read More

Foot Locker Raises FY Outlook

Citing better than expected third quarter results, plans to further re-mix its brand portfolio, and a strategy to shift to 300 off-mall locations by 2024, Foot Locker raised its FY financial outlook last week.

Read More

Non-Athletic, Shoe Station Bolster Shoe Carnival Results

Shoe Carnival, which intends to operate over 400 locations in 2023 and 500+ between 2026 and 2028, realized solid contributions from non-athletic sales and its new Shoe Station banner in the third quarter ended Oct. 29.

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Footwear Insight

EXTRA Archives

OR Launching Outdoor Adventure X Consumer Event in June

Outdoor Retailer will be hosting Outdoor Adventure X, a new adventure festival for consumers, at Snowbasin Resort in Huntsville, UT, this June. The consumer event will take place the weekend prior to the Outdoor Retailer Summer trade show held at the Salt Palace Convention Center, June 19-21, 2023.

Survey Sheds Light on Sustainability Progress in Footwear

There has been no “game-changing” progress in sustainability for the footwear sector, and shoe professionals are equally divided over whether the industry is living up to the increased marketing of sustainable footwear.

Performance Run Continues to Power Asics

Bolstered by strong category sales gains in Greater China and Oceania during the third quarter, Asics has grown nine-month profitability in its performance run business by 9.6 percent to $316.2 million as segment sales have raced forward by....

Wolverine Sets New Brand Structure, Establishes Profit Improvement Office

The parent of Merrell, Saucony, and 10 other brands, wants to establish $150 million worth of initiatives through a new office of profit improvement with an objective of recognizing at least $65 million worth of savings.

Promo Environment, Excess Inventory Impact Fila USA

The U.S. arm of Fila Holdings Corp. in Korea generated an operating loss equivalent to $11.6 million in the third quarter as it dealt with weakening pricing power caused by the market’s excess inventory and faced a need to move excess inventory to better align with its five-year strategic plan.

In The News: Naot, Oboz, Darn Tough Vermont, Baffin

Naot Footwear’s first flagship store is now open in New York City’s SoHo neighborhood at 436 W. Broadway. The boutique, open seven days a week, 11 am to 7 pm, has a minimalist feel and is designed to display the brand’s current collections as “works of art.”

Puma CEO Set to Join German Rival Adidas

The battered Three Stripes, in desperate need of a positive game changer for its business, has landed one in the form of outgoing Puma Chairman and CEO Bjorn Gulden, who yesterday was officially announced as the next CEO at Adidas.

Promo Environment Makes Crocs’ Near-Term Performance Hard to Predict

Crocs, which raised its annual guidance last week after another strong quarter, is facing a bit of a dilemma in North America, particularly the U.S. market. Elevated footwear inventory levels at retail are pressuring margins.

Rocky Brands Sees Strong Results from Brand Portfolio

Although the company has dropped its annual revenue guidance due to a difficult fourth quarter comparison, Rocky Brands experienced strong third quarter results with solid contributions from its key brands.

Consumers Remain Resilient Despite Inflationary Challenges

U.S. consumers, faced with the pressures of inflation and higher prices, will go holiday shopping, and spend 6-8 percent more than they did in 2021 to more than $943 billion, according to the annual forecast by the National Retail Foundation that was released last week.

Dr. Martens Lands Strong Wholesale, D-T-C Growth

U.K.-based footwear brand Dr. Martens generated 31 percent (15% in constant currency) first half sales growth in North America to the equivalent of $217.5 million. Wholesale revenues increased 35 percent and Direct-To-Consumer sales rose 26 percent year-over-year for the period ended Sept. 30.

Read More

Caleres’ Brand Portfolio Delivering Positive Momentum

Fueled by strong consumer demand for fashion brands and products, segment revenues at Caleres rose 7.6 percent to $323.2 million in the third quarter ended Oct. 29.

Read More

In The News: Balega, Feetures, LOWA Boots

Sock brand Balega announced that in Spring 2023 all of the socks in its line will be knit with recycled yarns and will be sold in the brand’s new, more sustainable packaging that utilizes 26% less carboard pulp, removes any harmful lacquer coating, and uses less harmful ink.

Read More

On Delivers Despite Warehouse Constraints

Third quarter North American revenues for the Swiss brand On rose by 57 percent to 176.3 million Swiss Francs ($184.6 million) despite temporary constraints on its business in mid-August due to problems in its warehouse that prevented the company from fulfilling all demand...

Read More

Foot Locker Raises FY Outlook

Citing better than expected third quarter results, plans to further re-mix its brand portfolio, and a strategy to shift to 300 off-mall locations by 2024, Foot Locker raised its FY financial outlook last week.

Read More

Non-Athletic, Shoe Station Bolster Shoe Carnival Results

Shoe Carnival, which intends to operate over 400 locations in 2023 and 500+ between 2026 and 2028, realized solid contributions from non-athletic sales and its new Shoe Station banner in the third quarter ended Oct. 29.

Read More

Footwear Insight

EXTRA Archives

The Big Gear Show Makes a Move

Outdoor industry trade event The Big Gear Show announced that it will hold its next show June 8–11, 2023, in Denver, CO, at the Colorado Convention Center. In addition to changing its location and show dates, the show will also now be inviting consumers into the mix.

Hoka Continues to Drive Deckers’ Momentum, Outlook

Hoka, which Deckers Brands intends to transition to a head-to-toe brand serving running, trail, and hiking consumers worldwide, is forecast to grow its annual sales by 50 percent to help its parent reach its overall FY revenue guidance of $3.45-$3.50 billion.

Puma Continues to Manage All Short-Term Challenges

The Cat, which last week confirmed its full-year outlook of currency-adjusted mid-teens sales growth and EBIT of €600-700 million ($594-695 million), is moving forward under CEO Bjorn Gulden with a strategy that focuses on managing all short-term challenges to prevent them from...

What’s Next for Adidas After Dropping Kanye West

The Three Stripes, which late last week slashed its full-year guidance for a second time in three months, is now figuring out how to move forward without Kanye West, also known as Ye, who had been the brand’s most prominent endorser for the last nine years.

Gettings Will Be First Woman CEO at Red Wing

Red Wing Shoe Company will begin 2023 with its first female CEO. The company has named Allison Gettings president and chief executive officer, effective Jan. 1, 2023. Gettings, who is currently Red Wing’s president, will assume the role of CEO following the planned retirement of Mark Urdahl...

Skechers Continuing to Focus on Logistic Investments

A new 2.6-million-sq.-ft. Skechers distribution center in Southern California is in its final stage of integration into the company’s existing system and is expected to deliver improved processes and volume for Skechers through 2023.

Third Quarter U.S. Footwear Sales Were Flat at $10.8 Billion

The fashion footwear business in the U.S. increased by 7 percent year-over-year in the third quarter to an estimated $3.5 billion, but the leisure footwear segment was flat at $5.2 billion, and the performance business declined 6 percent to $2.1 billion for the three months ended Sep. 30.

IN THE NEWS: Microban, New Balance

Microban International announced a new partnership with Cosmo, a leader in eco-friendly and sustainable footwear textiles. Cosmo is now the exclusive Microban Approved Component Supplier (ACS) partner in the footwear category...

New Running Footwear Brand NNormal Launches


The first two footwear styles from new trail run brand NNormal launched earlier this month. The brand, a partnership between world-renowned mountain runner Kilian Jornet and Spanish footwear company Camper...

Sorel Relocating its HQ

Columbia Sportswear-owned footwear brand Sorel will move into an expanded headquarters building in early 2023. Currently based in downtown Portland, OR, Sorel’s new HQ will be housed in an exclusive single use building on the Columbia Sportswear Company’s campus in Washington county, OR.

Dr. Martens Lands Strong Wholesale, D-T-C Growth

U.K.-based footwear brand Dr. Martens generated 31 percent (15% in constant currency) first half sales growth in North America to the equivalent of $217.5 million. Wholesale revenues increased 35 percent and Direct-To-Consumer sales rose 26 percent year-over-year for the period ended Sept. 30.

Read More

Caleres’ Brand Portfolio Delivering Positive Momentum

Fueled by strong consumer demand for fashion brands and products, segment revenues at Caleres rose 7.6 percent to $323.2 million in the third quarter ended Oct. 29.

Read More

In The News: Balega, Feetures, LOWA Boots

Sock brand Balega announced that in Spring 2023 all of the socks in its line will be knit with recycled yarns and will be sold in the brand’s new, more sustainable packaging that utilizes 26% less carboard pulp, removes any harmful lacquer coating, and uses less harmful ink.

Read More

On Delivers Despite Warehouse Constraints

Third quarter North American revenues for the Swiss brand On rose by 57 percent to 176.3 million Swiss Francs ($184.6 million) despite temporary constraints on its business in mid-August due to problems in its warehouse that prevented the company from fulfilling all demand...

Read More

Foot Locker Raises FY Outlook

Citing better than expected third quarter results, plans to further re-mix its brand portfolio, and a strategy to shift to 300 off-mall locations by 2024, Foot Locker raised its FY financial outlook last week.

Read More

Non-Athletic, Shoe Station Bolster Shoe Carnival Results

Shoe Carnival, which intends to operate over 400 locations in 2023 and 500+ between 2026 and 2028, realized solid contributions from non-athletic sales and its new Shoe Station banner in the third quarter ended Oct. 29.

Read More

Footwear Insight

EXTRA Archives

On Delivers Despite Warehouse Constraints

Third quarter North American revenues for the Swiss brand On rose by 57 percent to 176.3 million Swiss Francs ($184.6 million) despite temporary constraints on its business in mid-August due to problems in its warehouse that prevented the company from fulfilling all demand...

Read More

Foot Locker Raises FY Outlook

Citing better than expected third quarter results, plans to further re-mix its brand portfolio, and a strategy to shift to 300 off-mall locations by 2024, Foot Locker raised its FY financial outlook last week.

Read More

Non-Athletic, Shoe Station Bolster Shoe Carnival Results

Shoe Carnival, which intends to operate over 400 locations in 2023 and 500+ between 2026 and 2028, realized solid contributions from non-athletic sales and its new Shoe Station banner in the third quarter ended Oct. 29.

Read More

In The News: Outdoor Retailer, OS1st, Kamik, Oboz, OrthoLite, Genesco

Outdoor Retailer, which is working on what it calls a “new approach to serving the outdoor and winter sports marketplace,” announced a shift in its future winter show dates to go along with several other changes to its trade show offerings.

Read More

OR Launching Outdoor Adventure X Consumer Event in June

Outdoor Retailer will be hosting Outdoor Adventure X, a new adventure festival for consumers, at Snowbasin Resort in Huntsville, UT, this June. The consumer event will take place the weekend prior to the Outdoor Retailer Summer trade show held at the Salt Palace Convention Center, June 19-21, 2023.

Read More

Survey Sheds Light on Sustainability Progress in Footwear

There has been no “game-changing” progress in sustainability for the footwear sector, and shoe professionals are equally divided over whether the industry is living up to the increased marketing of sustainable footwear.

Read More

Performance Run Continues to Power Asics

Bolstered by strong category sales gains in Greater China and Oceania during the third quarter, Asics has grown nine-month profitability in its performance run business by 9.6 percent to $316.2 million as segment sales have raced forward by....

Read More

Wolverine Sets New Brand Structure, Establishes Profit Improvement Office

The parent of Merrell, Saucony, and 10 other brands, wants to establish $150 million worth of initiatives through a new office of profit improvement with an objective of recognizing at least $65 million worth of savings.

Read More

FOOTWEAR INSIGHT INDEX

With the second quarter closing next week, ominous signs remain for the U.S. economy in this persistent pandemic environment as the number of active U.S. cases rose for a 10th straight day on June 22 to 1.26 million and 23 states reported increases in the number of cases. The Congressional Budget Office estimates the U.S. economy will generate $8 trillion less in economic activity over the next decade than it predicted months ago. And a report in The Atlantic suggests four factors — a great business die-off, the household fiscal cliff, state and local budget shortfalls and the persistent pandemic crisis — put the U.S. risk for a depression. Amid this backdrop, the Dow generated nearly 59 percent of its weekly 261.80-point gain for the week on the period’s final day, June 22. The action helped the Dow post a 1.02 percent increase for the period, about even with the Segment’s 1.06 percent increase as 12 stocks rose and eight declined. Aside from Mizuno, which benefited from currency effects, Nike and Deckers were the period’s biggest gainers. The Swoosh received four stock price target hikes from investment banks ahead of its scheduled fourth-quarter earnings report on June 25. Meanwhile, Nike and Puma are merging running technology and style into styles for the golf course, including The Cat’s RS-G and The Swoosh’s Air Max 270. Shoe Carnival reported that its 389 re-opened U.S. and Puerto Rico stores experienced a 28.1 percent rise in second quarter comparable store sales through  June 22, with brick-and-mortar up 4.0 percent and e-commerce gaining nearly 470 percent year-over-year. Under Armour Founder Kevin Plank has sold his Washington, D.C. mansion for $17.3 million after a reported two years on the market at a 41 percent discount from his 2018 asking price of $29.5 million. — Bob McGee 
The Footwear Insight Index tracks 20 of the most important publicly traded companies that have a substantial footwear business (6 retailers, 14 brands).
Index base of 100 is key to the closing prices of 12/29/17

INDEX: 123

1.06%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 06/15/20 • Price 06/22/20

ASICS Corp.
7936.T

0.35%

$11.38 • $11.34

Boot Barn
BOOT

1.09%

$22.84 • $22.59

Crocs
CROX

2.46%

$31.71 • $32.49

Designer Brands
DBI

4.49%

$7.13 • $6.81

Genesco
GCO

6.41%

$22.51 • $20.73

Mizuno
8022.T

14.12%

$18.41 • $21.01

Puma
PMMAF

1.65%

$72.90 • $74.10

Shoe Carnival
SKVL

0.26%

$27.02 • $27.09

Steve Madden
SHOO

0.13%

$23.30 • $23.33

VF Corp.
VFC

0.82%

$63.12 • $62.60

Company name
(Ticker Symbol)

% Change over week
Price 06/15/20 • Price 06/22/20

Adidas
addyy

0.72%

$132.53 • $133.49

Caleres
CAL

5.71%

$8.58 • $8.09

Deckers
DECK

3.71%

$193.55 • $200.73

Foot Locker
FL

0.99%

$29.23 • $29.52

GEOX
GEO.MI

4.49%

$0.89 • $0.85

Nike
NKE

1.72%

$97.83 • $99.51

Rocky Brands
RCKY

2.74%

$20.78 • $20.21

Skechers
SKX

5.66%

$33.20 • $31.32

Under Armour
UAA

3.55%

$9.86 • $9.51

Wolverine
WWW

0.26%

$23.08 • $23.14

TOTAL
Week over week

1.06%

$849.49 • $858.46