July 13, 2023
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.
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.
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.
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%.
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.