Lifestyle changes and consumer behavior shifts in 2020 due to COVID-19 drove year-over-year sales declines for the U.S footwear industry, but trends are expected to stabilize and recover through 2021, according to NPD’s Future of Footwear Report. Improved fashion footwear and performance sales are forecasted to...
Wolverine Worldwide reported earnings fell in the third quarter ended September 26 on a 14 percent revenue decline, but both exceeded internal expectations. Saucony and Chaco delivered double-digit revenue growth, while Merrell and its work brands drove sequential revenue improvement versus Q2. “The company’s third-quarter results...
Kohl’s shared the company’s new strategic framework with the investment community, including new initiatives to position the company for long-term success. As part of its strategy, Kohl’s has set a new vision: to be the most trusted retailer of choice for the active and casual...
The 2020 holiday shopping season kicked off earlier this year with Amazon Prime Days and competing retail promotions in mid-October, and while consumers are always looking for good deals, their sweet spot this holiday will be free shipping, reports The NPD Group. According to its annual...
Genesco Inc.announced that John F. Lambros has been appointed to its board of directors. Lambros is president of the GCA-U.S. investment bank. He serves as the head of GCA’s digital media banking practice, is a member of its board of directors and executive committee and serves...
Centric Brands has completed its financial restructuring and emerged from bankruptcy protection after filing in May. The company reduced its debt by roughly $700 million, leaving the bankruptcy process with a “stronger capital structure,” as well as access to “substantial” cash and liquidity. Under the restructuring,...
Amazon said third-party sellers surpassed $3.5 billion in sales on Prime Day, a nearly 60 percent year-over-year increase, growing even more than Amazon’s retail business. Prime members saved more than $1.4 billion during Prime Day. Some of the top categories for this year’s Prime Day included...
Asics announced the appointment of Richard Sullivan to president and chief operating officer for Asics North America (ANA). Barbara Turner will assume the role of chief administrative officer and Sean Condon has been named vice president, omnichannel. These changes to the Asics North America leadership...
VF Corp. reported earnings and sales declined in the second quarter ended September 26 as a result of the impact of COVID-19. However, both came in ahead of Wall Street’s consensus estimates. “Our year to date results have surpassed our internal expectations across all brands, driven...
Caleres Inc. announced Amy Hunter will join the company as VP of Diversity, Equity and Inclusion to drive its strategy development and organization and oversee the company’s affirmative action plans. She will also be tasked to recruit diverse candidates for open positions within the company...