July 13, 2023 Footwear Imports to Plunge in 2023; Retail Prices May Drop in H2
After record unit growth in 2022 of approximately 30% year-over-year to nearly 2.75 billion pairs, U.S. footwear imports are expected to plunge this year as the industry adjusts bloated inventory levels downward and establishes order levels for new products starting in Spring 2024. NRF Survey Augers Strong Back-to-School Growth
Back-to-School spending by K-12 parents is guided to hit a record $41.5 million, according to the National Retail Federation’s annual survey, up 12% over ’22. Stella Says Order Cuts are Moderating
The high-end sneaker and fashion footwear maker said manufacturing revenues declined just 3% in the second quarter to $419.5 million from $432.8 million, a big improvement after the 26% first quarter plunge. Rapala VMC Taking Majority Stake in 13 Fishing Parent
The fishing-focused company based in Finland, which has been distributing 13 Fishing brand rods and reels outside the U.S. for nearly four years, is increasing its stake in its parent DQC International to 60%. Fanatics to Launch Live Events
The licensing apparel juggernaut is launching a new venture called Fanatics Events, focusing first on the collectibles space with card shows and other memorabilia to follow. Etcetera: Bass Pro Shops, Authentic Brands Group, Jacob Grey Firearms
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