News
New Balance Revenues Surge 19 Percent in 2025, On Path to Reach $10B in 2026
2+ hour, 47+ min ago (698+ words) New Balance reported sales grew 19 percent in 2025 to $9.2 billion, marking the fifth consecutive year of double-digit growth. In a business update, Joe Preston, president and CEO of the privately-held New Balance Athletics, Inc., said the North American region grew over…...
EXEC: SportChek Q4 Comps Jumped 9.5 Percent, Driven by Outerwear and Fanwear Sales
9+ hour, 18+ min ago (522+ words) The SportChek segment, which includes the SportChek, Hockey Experts, Sports Experts, Atmosphere, and Pro Hockey Life retail banners, saw comp store sales grow for the sixth consecutive quarter, up 9.5 percent, with outerwear and fanwear growth alongside growth in strategic categories…...
Skechers Aero Razor Elevates Technical Running Shoe
2+ day, 37+ min ago (322+ words) Skechers continues to advance in the run category with the recent drop of the Aero Razor. Combining Skechers Hyper Burst Pro Super Critical Foam technology with a reimagined design inspired by the company's Razor 3, launched in 2018, the Aero Razor is…...
FDRA Sees Shoe Prices in January Climb at Fastest Rate in Three Years
2+ day, 4+ hour ago (358+ words) U.S. retail footwear prices in January climbed 2.0 percent, the most since 2022, according to the latest data from the Footwear Distributors and Retailers of America (FDRA). The increase comes as the average landed, duty-paid cost of footwear imports rose at a double-digit…...
Footasylum CEO Departs
2+ day, 8+ hour ago (224+ words) Footasylum CEO David Pujolar has left the UK-based retailer. No reason reported. Stephan Rahmede, senior representative for Aurelius WaterRise, the in-house operations advisory team for Aurelius Group, and the owner of Footasylum, will take over in an interim capacity. Pujolar…...
EXEC: Nike CEO Heralds Outdoor Opportunity at Milan Olympics
6+ day, 6+ hour ago (871+ words) In a televised interview with Bloomberg in Milan at the Winter Olympics, Nike President and CEO Elliott Hill hyped Nike's rediscovered potential in the outdoor category through the relaunch of ACG (All Conditions Gear), eyeing major growth opportunities beyond the…...
Birkenstock’s Fiscal Q1 Sales Jump 18 Percent in Constant Currencies; Americas Up 14 Percent
1+ week, 9+ hour ago (324+ words) Birkenstock Holding plc's net earnings more than doubled in the fiscal first quarter ended December 31. Revenue grew 11 percent on a reported basis and 18 percent in constant-currency (cc) terms, exceeding the company's fiscal 2026 guidance and driven by strength across segments, channels and…...
EXEC: Top Asia Footwear Factories Start 2026 with Similar Weak Trend Seen in 2025
1+ week, 2+ day ago (547+ words) Three of the largest footwear manufacturers in China and Southeast Asia took it on the chin in 2025 as the threat, and then the implementation of Trump tariffs on countries shipping goods into the U.S. created a year of uncertainty and a…...
EXEC: Gant to Bring Footwear Ops In-House Under Gant Footwear AB
1+ week, 3+ day ago (153+ words) Gant will take its footwear operations in-house "as part of its continued focus on strengthening the brand and business over time." The U.S.-founded, Sweden-based brand will conclude its licensing agreement with Hamm Footwear GmbH, effective from the Spring/Summer 2027 season....
Birkenstock’s Debt Ratings Upgraded on Strong Operating Performance, Debt Deleverage
1+ week, 3+ day ago (244+ words) Birkenstock Holding PLC saw its debt ratings upgraded by S&P Global Ratings due to strong sales, improved profit margins, and expectations for continued balance-sheet deleveraging. Under S&P's revised base case, it expects Birkenstock to maintain adjusted debt to…...