Shoe City Auction To Be Held May 15
Baltimore-based ESCO, Ltd., doing business as Shoe City, received bankruptcy court approval to auction off store leases and intellectual property with a May 12 deadline...
04 May, 2023
Industry News
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The Athlete’s Foot Opens New Store Concept In Atlanta
The Athlete’s Foot (TAF) opened a “neighborhood” concept store on April 28 at Atlantic Station in midtown Atlanta, GA. Timed with the opening, the company...
04 May, 2023
Skechers Appoints New Managing Director For UK And Ireland Market
Skechers promoted Richard Parker to managing director of the United Kingdom and Ireland. “We celebrated the 30th anniversary of Skechers in 2022 with the company’s international business just...
04 May, 2023
On Revises Regional Reporting Structure, Eliminates “Rest Of World” Region
Swiss performance sportswear brand On will update its reporting of net sales by geography. Specifically, the “Rest of World” region, which represents the Middle East,...
04 May, 2023
Academy Names New CEO And New President As Hicks Moves To Executive Chairman Role
Academy Sports and Outdoors, Inc. announced that, as a result of a planned succession process, the following changes to its executive leadership team will be...
27 April, 2023
Crocs Raises Outlook On Strong First Quarter Results
Crocs, Inc. reported earnings doubled in the first quarter ended March 31 on a 34 percent revenue gain. Sales gains were boosted by last year’s...
27 April, 2023
U.S. Consumer Confidence Dips To Lowest Level Since July
According to the Conference Board, U.S. consumer confidence dropped in April to the lowest since July on more pessimistic views about the economic outlook, even...
27 April, 2023
U.S. Footwear Sales Slip In Q1 But Performance Footwear Gains
U.S. footwear industry sales revenue was down 3 percent in the first quarter year-over-year to $9.0 billion, according to point-of-sale data published by Circana, formerly...
27 April, 2023
China’s Economic Growth Accelerates With Consumption Boost
According to China’s National Bureau of Statistics, China’s economy grew 4.5 percent in the first quarter. The accelerated growth marked the fastest pace in a...
21 April, 2023
Allbirds Expands And Extends Credit Line
Allbirds, in a regulatory filing, reported entering into an amendment agreement with JPMorgan Chase Bank, N.A., that increases borrowings available under its credit line and...
21 April, 2023
Amer Sports Hires Foot Locker Veteran As CFO
Amer Sports hired Andrew Page, former CFO for Foot Locker, as Group CFO of Amer Sports and a member to its executive committee. Page reports to...
21 April, 2023
Dick’s SG Hires New Chief Marketing Officer
Dick’s Sporting Goods’ Chief Marketing Officer Ed Plummer is retiring and will be replaced by PepsiCo’s Emily Silver, according to Advertising Age. Silver takes over later this month following...
21 April, 2023
Authentic Brands Group Signs Agreement To Acquire Quicksilver, Billabong, DC Parent
After months of speculation in the active lifestyle market about a pending deal in the beach/skate lifestyle space, Authentic Brands Group (Authentic) reported it signed...
13 April, 2023
Report: U.S. Parents Spend More On Kids Footwear, Less On Themselves
According to Circana (formerly IRI and The NPD Group), parents with kids living in the U.S. spend less on footwear for themselves and more on...
13 April, 2023
Sneaker Prices Reach Highest Levels This Decade
Average sneaker prices in March 2023 rose to record levels in the U.S. by 12.3 percent since 2020 but followed closely by deepening retail discounts,...
13 April, 2023