After a year when its Americas’ region lost the equivalent of more than $36 million on a 15 percent drop in total revenues due to weak U.S. sales, Asics America is making structural and executive suite changes, including at the top.
More than 2,500 Payless doors in North America will shutter this spring as the privately-held retailer prepares to file for Chap. 11 bankruptcy for the second time in two years. When Payless last filed for bankruptcy protection in 2017, the chain had 4,400 doors.
With flat revenue in North America and a 12 percent drop in inventory globally, Under Armour is refocusing on performance and premium positioning to try and drive growth, but top line growth is unlikely until FY2020, the company said in its year-end earnings report.
The Footwear Insight team was in Las Vegas this week for the FN Platform show to scope out the season’s best trends, and the show delivered. Whether it was women’s, men’s or kids, brands were showing styles that will set the style agenda for fall ’19.
In an increasingly promotional environment, consumers of all kinds are looking for a deal — and even in the features-oriented outdoor market, brands say making sure they’re offering value at an attractive pricepoint is critical.
Late last month, the debut collection from Reebok’s brand partnership with Victoria Beckham was unveiled. In the past decade, former pop star Beckham has become an internationally recognized style icon and fashion designer. Her line with Reebok is a curated offering of “essential performance and streetwear pieces.”
Nolee Anderson discovered a passion when she found the trades, and now the trim carpenter and Team Wolverine member wants to make sure future generations of girls can find their way, too — and she definitely wants them to have better boots. Anderson is one of the initial class of young tradespeople picked by Rockford, MI-based Wolverine to be the face of its outreach to young people considering careers in the skilled trades.
The doubling of its office, design and showroom space to over 330,000 square feet, is part of Skechers’ commitment to both further global growth and its hometown community, according to the brand. The expansion, slated for completion during the company’s 30th anniversary year in 2022, will include an enlargement of the existing corporate office in Manhattan Beach, CA.
In mid-November, Nike opened up a new flagship in NYC on Fifth Avenue and 52nd Street. The store is called “House of Innovation 000.” We stopped by to see what’s inside. Here’s what we found:It’s big. Too big? It is six-stories and 68,000 square feet big. It’s an investment in time just to see all six floors.
What led Camuto Group, the 17-year-old footwear design and production house, to divest itself in early November for $375 million to a consortium led by DSW and Authentic Brands Group? The answer is three-fold, according to DSW CFO Jared Poff. A failed entry into retail, a strategic error with a new distribution center and missed deliveries to key retail partners.
Textured leathers, cozy teddy-bear linings and lots of sparkle and shine are on tap at FFANY, going on this week in New York City. The FFANY Shoe Expo is taking place at Warwick Hotel and Academy Mansion, with FFANY Market Week also spreading out across brand showrooms throughout Manhattan.
Foot Locker’s go-forward strategy will be tied to more creative projects with key partners and smaller, secondary players such as Vans, K-Swiss, Fila, Puma and Reebok. Foot Locker reports that its focus on less promotional selling, and a beefed-up digital presence, is about “further strengthening its emotional connection with consumers.” Read the full story here.
Caleres, the Famous Footwear parent, which acquired Vionic for $360 million in mid-October, believes Vionic possesses significant growth potential in the premium comfort segment for men and women. Category growth, gender growth and channels of distribution were among the opportunities that Caleres CEO and President Diane Sullivan pointed to in a recent call with analysts regarding Vionic’s opportunities
A new Online Holiday Shoe Sales Survey, commissioned by the Footwear Distributors and Retailers of America and conducted by the research center at Emerson College, finds that 31 percent of the U.S. adult population intends to purchase footwear online this holiday season with another 22 percent likely to buy new kicks online.
Altra has hired Todd Dalhausser as brand president, effective immediately. Dalhausser joins the VF Corp.-owned Altra from Wolverine World Wide, where he served as SVP of sales for Saucony North America. Previously, he managed Saucony/Hind’s apparel business, where he oversaw design, development and product merchandising.
Brooks just closed a stellar third quarter, one that saw global revenues rise 29 percent, driven by a 32 percent increase in footwear. The Seattle-based company continued to thrive in the challenged U.S performance running market, notching double-digit revenue increases in the EMEA, Asia-Pacific and Latin America regions. But CEO Jim Weber is focusing squarely on the future. FIX caught up with Weber to talk tariffs, the retail marketplace and why performance wins.
VF Corp.-owned Vans is targeting $5 billion in revenues by 2023. The topline objective represents a five-year compound annual growth rate (CAGR) of 10-12 percent. In Q2 ended Sep. 30, Vans’ revenues rose 26 percent with “strong growth” across regions, channels and product categories. A 23 percent improvement in wholesale revenues was driven by strong Back-To-School results globally.
With the Grassroots Connect show happening right now in Denver, and Outdoor Retailer’s inaugural November show set to kick off later this week, outdoor brands are pulling out the stops for Fall ’19 with fashion-forward, super-versatile product designed to fit seamlessly into the consumer’s day to day — and the good news is that these crossover-friendly looks couldn’t be more relevant for the footwear channel more broadly.
Aerosoles is collaborating with the Martha Stewart brand to create a line of fashionable, functional footwear inspired by Stewart’s “timeless style.” The first style to launch from Martha’s collaboration with Aerosoles is a collection of rain boots with an equestrian twist for Holiday 2018. The weather resistant boots are modeled after classic equestrian riding boots in knee-high, mid-rise, and ankle styles, and multiple colors including green, brown and black.
In the four years Footwear Insight has presented the Gold Medal Service Awards, only 13 retailers have made the cut every year. These service all-stars know exactly what it takes to delight the consumer, and even more importantly, how to keep doing it day after day and year after year. We asked our four-peaters — a selection of the best footwear independents and regional chains from across the United States — what it takes to thrive in today’s ultra-competitive environment, and here’s what they said.