The fashion brand Ecoalf, is putting ocean trash to good use. Its ethical mission is not the central selling point at the expense of the product – it is part of the package. Javier Goyeneche, CEO, Ecoalf, decided in 2009 to pitch his mainstream fashion brand and look...
Athletic footwear sales in the four-week back-to-school season-to-date were essentially flat. The market can use some good news after a rough morning on Friday. Sales of athletic footwear at retail picked up last week, posting a low-single-digit increase in what is historically the peak week for athletic...
New York-based private equity firms Bruckmann, Rosser, Sherrill & Co. and Goode Partners LLC completed a transaction that will merge DTLR Inc. and Sneaker Villa Inc. According to a statement from the parties involved, the merged company has a significant geographic reach with nearly 240 stores...
Nike Inc. CEO Mark Parker sent an e-mail to employees on Thursday night condemning the racism, bigotry and fatal violence displayed in Charlottesville, VA. Parker’s email, attained by Sole Collector, is featured below: Team, Like many of you, I have spent this past week shocked and saddened by...
The Buckle, Inc. saw net sales decrease 7.8 percent to $195.7 million for the 13-week fiscal second quarter ended July 29, 2017 from net sales of $212.2 million for the prior-year period. Comparable store net sales for the 13-week period decreased 7.7 percent. Online sales...
Stein Mart, Inc. reported Wednesday that total sales decreased 2.7 percent to $311.0 million in the second quarter ended July 29, 2017, while comparable store sales decreased 5.0 percent. Ecommerce sales were up 41 percent over last year’s second quarter. Gross margins fell 720 basis...
Payless ShoeSource announced that it has successfully emerged from its Chapter 11 restructuring with substantial liquidity after eliminating in excess of $435 million in funded debt. The company said it remains the number one specialty footwear retailer in the U.S. and one of the largest in the...
VF Corporation, parent company to iconic brands Wrangler, The North Face, Vans, Timberland, Jansport, and Williamson-Dickie Mfg. Co., parent company to the Dickies, Walls, Terra and Kodiak brands, have signed a definitive merger agreement. The transaction is expected to be completed early in the fourth quarter...
Under Armour Founder and CEO Kevin Plank joined the chief executives of Intel Corp and Merck & Co Inc. and resigned from Donald Trump’s American Manufacturing Council on Monday, following Trump’s weak response to the weekend violence at a rally of white supremacists in Charlottesville, VA. After...
Dick’s Sporting Goods, Inc. reported net sales for the second quarter of 2017 increased 9.6 percent to approximately $2.2 billion. Consolidated same-store sales increased 0.1 percent, compared to the retailer’s guidance of an approximate 2 percent to 3 percent increase. Second quarter 2016 consolidated same-store...