Manitobah has just announced a major refresh to its executive leadership team. The footwear brand with indigenous roots this week announced Carolyn MacNaughton as CEO and Tom Hildrum as CFO. Mike Wodtke has shifted his role from chief digital officer to chief marketing officer. MacNaughton replaces Manitobah’s former CEO Greg Tunney, who left his role in May […]
Steve Madden shares dipped a little more than 1 percent in pre-market trading after the company reported earnings for the third quarter and downgraded its full-year outlook. In the third quarter, the company reported revenues of $552.7 million, down 0.7 percent compared to the same quarter in 2022. Adjusted net income was $65.1 million, or $0.88 per diluted […]
Ralph Lauren Corp. continued to play its game well in the fiscal second quarter — despite weakness in the North American wholesale business and a tougher economy. The company has been on a campaign to elevate its brand and kept at it this quarter, boosting average unit retail prices at its own stores and on its website by […]
Pitti Uomo is gearing up to launch its next edition. Slated to run from January 9-12 at Florence’s historic Fortezza da Basso, the Italian menswear trade show will kick off the fall/winter 2024 men’s selling season as the industry still deals a plethora of economic concerns. As the men’s industry prepares for another in-person fair, see here a […]
Gabby Thomas is having a hearty laugh. It’s mid-October and rumors surfaced that the sprinter was headed to the Big Apple to run the TCS New York City Marathon. But the highly decorated athlete, who, at 26, already has four medals from the Olympic Games and World Championships, assures us she’s only attending as a […]
With pandemic anxiety mainly a thing of the past, major corporations have begun upping their in-office requirements for employees. Just last week, Nike announced it was increasing its office requirement for its Beaverton, Ore. employees to four days a week, up from its three days a week requirement that had been in place since May of 2022. In a statement, […]
Boot Barn president and CEO Jim Conroy updated analysts on the progress of company’s strategic initiatives, which heavily involves opening new stores, on Thursday, following a less than stellar performance in the second quarter. In the second quarter of fiscal 2024, the Irvine, Calif.-based footwear company reported a 6.5 percent increase in net sales to $374.5 million in the […]
Hey Dude just had another rough quarter, but Crocs Inc. is optimistic it can strengthen its recently acquired brand through a tried and true playbook. In the period, Hey Dude revenues were down 8.3 percent to $246.9 million, with wholesale revenues down 19.4 percent due to wholesale partners being more cautious on at-once orders. In a call with […]
U.S. retail sales for holiday 2023 will grow between 3 percent and 4 percent over 2022 to between $957.3 billion and $966.6 billion, the National Retail Federation forecasts. The forecast, which is for the Nov. 1 to Dec. 1 period, marks a return to pre-pandemic holiday spending levels from more heady spending in more recent years. The […]