6.43%
Wednesday, September 4, 2019
Volume 2, Issue No. 16

In The News
Shoebox Museum, TOMS, Lord + Taylor, Amer Sports and More

A pop-up Shoebox Museum focused on everything sneaker packaging was open on New York City’s Lower East Side for three days last week. Curated by Nice Kicks Founder Matt Halfhill, the museum examined the sneaker box through three lenses—design, brand experience and uncommon concepts. The project was made possible by the Paper & packaging-How Life Unfolds campaign, which highlights paper and packaging innovation. No word yet if the exhibit may re-open again in New York or elsewhere.

Supermodel Tyra Banks will serve as the face of Nine West starting Oct. 1. Nine West parent company Authentic Brands Group announced that Banks will serve as the global brand ambassador for the firm for a year-long partnership and will be featured in the brand’s fall campaign, called “Groundbreakers.”

TOMS has formed a three-year, strategic agreement with Hasbro to launch a series of products around the toy company’s brands. The collections will consist of men’s, women’s and kids’ footwear, key apparel and eyewear-related items tied to the Monopoly, Candy Land, My Little Pony, Transformers, Power Rangers and Tonka brands among others. The first wave of products will be available for the Fall 2020 season with Toms pledging to give a new pair of shoes to a child in need for every Hasbro x TOMS collection purchase.

Lord + Taylor, the 38-door department store chain owned by Hudson’s Bay Co., is being acquired by rental apparel firm Le Tote Inc. for approximately $75 million cash with an additional $25 million cash earnout after two years. Under terms of the deal, San Francisco-based Le Tote will operate the stores and the Saks Fifth Avenue parent will continue to open them. Additionally, Lord + Taylor gets a reported 25 percent stake and two board seats at Le Tote.

Salomon was born in 1947 in the heart of the French Alps.

Amer Sports, the Wilson, Precor, Salomon and Arc’teryx parent, generated a 14 percent increase in Q2 revenues to the equivalent of $570.2 million. The net loss was $56.3 million for the period ended June 30.

Tilly’s whose brick-and-mortar comps rebounded to positive in June and July, reported a 4.2 percent increase in company comps through Aug. 26, accounting for both stores and e-commerce. Revenues and profit topped expectations in Q2 where e-commerce sales rose 15.7 percent and account for 14.1 percent of year-to-date revenues. Specialty chain, which intends to open 13 stores in 2019, will open a store dedicated to its own RSQ rescue brand at the Irvine (CA) Spectrum in May 2020.

Bass Pro Group, parent to Bass Pro Shops and Cabela’s, sees its debt rating outlook lowered to stable from positive by Standard & Poor’s, citing worse than expected H1 results at the retailer. Still, S&P continues to view the specialty retailer as a “well-positioned destination retailer.”

Globe Intl. has sold its Dwindle Distribution business and related skate brands (Almost, Blind, Dusters California and Enjoi) to Highline Industries Corp. Globe intends to go forward with its Globe, Salty Crew, FXD and Impala brands.

FILA North America has promoted Danny Lieberman and Gary Wakley to head its apparel and footwear teams, the brand announced. Lieberman, a 20-plus year Fila veteran, will continue to oversee all apparel design, development, production, sourcing and sales for performance and lifestyle apparel. Wakley, who has been at Fila since 2007, will lead the team responsible for product design, development, production, and sourcing. “Danny Lieberman has been vital to the growth of our apparel business,” Jennifer Estabrook, President of FILA North America, said in a statement. “His extensive industry knowledge, keen ability to identify market trends.