The Buckle Wrestles with Footwear Drop Off, Declines in Men’s and Women’s
Excess footwear inventory from casual brands such as Hey Dude took a bite out of footwear, while sales more broadly across men’s and women’s fell for the retailer.
Ugg, Sanuk End Year Down for Deckers Brands While Hoka Shines
Ugg remains in demand at retail and in a position to capitalize on that in the current year and beyond, Deckers Brands CEO Dave Powers told analysts. Deckers overall posted strong results driven by the hot-selling Hoka brand.
Journeys to Close More than 100 Stores After Steep Sales Drop
Journeys parent Genesco Inc. said it will increase the number of underperforming store closures for Journeys this year after the footwear retailer saw a “dramatic” drop off in demand during the recently ended quarter.
Nike Senior Leadership Changes Announced
Converse is set to see a new CEO, Jordan Brand has a new president, and several Nike executives received updated responsibilities.
Supreme Posts “Uneven” Results for the Year
VF is planning more modest growth for the brand in the current year, with growth plans expected to pick up in fiscal year 2025.
