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>> Save America’s Soles and End Shoe Tariffs Now!
The average American buys new shoes every 100 days. However, since the implementation of 301 duties, retail footwear prices have risen sharply, reaching some of the fastest annual increases in decades. Footwear is an essential good. As the leading voice for the footwear industry in the United States, we have seen this situation go from unsustainable to untenable. Today, we call on the...
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>> Skechers Announces First Quarter 2024 Financial Results and Record Sales of $2.25 Billion
For the first quarter, Skechers achieved a new sales record of $2.25 billion, EPS of $1.33, gross margins of 52.5% and an operating margin of 13.3%, all notable accomplishments as we mark our 100th earnings call as a public company,” said David Weinberg, Chief Operating Officer of Skechers. “We saw growth of 17% in our Direct-to-Consumer segment and 10% in Wholesale, as...
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>> Shoe-In Show: #421 Making Better Shoe Business Decisions With Centric
This is a fun episode featuring Matt Nakari, Sales Director at Centric Software, a shoe dog helping companies better manage their data to help them improve operations and decisions. Matt shares how the company is making data collection easy while focusing on sustainability and speed in the footwear industry. We discuss the importance of breaking down departmental silos, the potential...
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>> Deckers Brands Promotes Marco Ellerker to President of Global Marketplace
Deckers Brands, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced the promotion of Marco Ellerker to the newly created role of President of Global Marketplace, effective August 1, 2024. Ellerker has served in various operational roles at Deckers since 2017, most recently as SVP and General Manager of EMEA...
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>>Caleres Reports Progress Toward 2025 ESG Goals
Caleres, a market-leading portfolio of consumer-driven footwear brands, today released its environmental, social, governance (ESG) Report to share activities from 2023 and report progress against the company’s 2025 ESG commitments.“At Caleres we have a commitment to drive a sustainable business and generate value for all our stakeholders beginning with our caring and...
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>> Hibbett, Inc. Announces Definitive Agreement To Be Acquired By JD Sports Fashion Plc
Hibbett, Inc., an athletic-inspired fashion retailer, today announced a definitive agreement in which JD Sports Fashion plc (“JD Sports”) (LSE:JD) will acquire all outstanding shares of Hibbett for $87.50 per share in cash, representing an aggregate enterprise value of approximately $1.1 billion. Mike Longo, President and Chief Executive Officer of Hibbett said, “Today’s announcement is a...
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>> Analyst Expects Net Loss of 45K Stores Over the Next Few Years
The U.S. retail sector still has too many stores, and the underlying trend is towards more closures. While retailers added nearly 10,000 doors after an accelerated period of store closures in 2022, UBS retail analyst Michael Lasser believes there will be more store closings than openings ahead. He expects a net loss of 45,000 stores in the retail sector over the next few years. “We think...
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