Vince Caruso’s Post

What's New to The Street... Step by step, Skechers USA is back on track! 🌟 After a year of slow growth, the brand is now seeing a surge in retail partner sales, signaling a positive turnaround. 👉🏻Follow @NewToTheStreet for more! #Skechers #RetailRevival #PositiveGrowth #BusinessNews #businessnews #business #news #newtothestreet

🌟 𝐌𝐢𝐬𝐬𝐞𝐝 𝐬𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐛𝐮𝐳𝐳 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐠𝐥𝐨𝐛𝐚𝐥 𝐫𝐞𝐭𝐚𝐢𝐥 𝐛𝐫𝐚𝐧𝐝𝐬? This post is your quick catch-up on what’s been happening across some of my favorites! 🌍✨ Check the carousel to learn more about the latest news from Gymshark, Nike, NET-A-PORTER, THG, Fraser Group, LOOKFANTASTIC.COM, Rituals, Selfridges, and Glossier, Inc. Also, feel free to add comments with more retail news. I love reading about these brands! #EmerceConsulting #RetailNews #Ecommerce #DigitalMarketing #Gymshark #Nike #NetAPorter #THG #FraserGroup #Lookfantastic #Rituals #Selfridges #Glossier

Over the last year, Nike has slowly added more #wholesale players back into the mix. In March, Foot Locker CEO Mary Dillon spoke of a “renewed” relationship with #Nike, and in May, she said that Foot Locker and Nike teams had gathered in Portland “to plan our return to growth in our Nike business in 2024.” In October of this year, Nike re-entered its wholesale partnerships with DSW Designer Shoe Warehouse and Macy's. Despite these moves, Nike’s wholesale revenue for the past quarter — a period that included October — was down 2% year-over-year. According to Tom Nikic, CFA, senior vice president of equity research at Wedbush Securities, wholesale revenue reflects the amount of goods that gets shipped to retailers. “It doesn’t necessarily represent the actual sales of the product to the consumer,” he said. Read more: https://buff.ly/4aWdV31

True scale is no longer achieved in a single channel and brand ubiquity is the new exclusivity. Nike is the embodiment of both truths (again), even though it veered off for a minute. My thoughts in today's RetailWire discussion. https://lnkd.in/gc4zCGNj #retail #SpieckermanSpeaksRetail

👟🏃♂️ Foot Locker is undoubtedly propelling its customers into the future, a future of rewards that fosters loyalty among athletes and sneaker enthusiasts, making Foot Locker's 795+ stores across the United States their favorites. Transitioning from a loyalty plan focused on new releases and specific promotions, Foot Locker launches its new version, previously tested in Canada for at least a year. The aim is for customers to earn points for their purchases and redeem them for future purchases. Additionally, with this loyalty plan, Foot Locker can gather valuable customer data to better forecast demand and be more precise in product assortment across both its stores and digital channels. The goal is to achieve a 50% Loyalty Penetration by 2026, with a future target of 70% for this crucial business KPI. #FootLocker #loyaltyprogram #customerexperience 🛍️📈 Source: https://lnkd.in/dxhWDgxm

A year after sales tumbled 11%, Foot Locker’s top-line numbers are still declining, though at a slower rate. For the first quarter, the retailer reported total sales fell 2.8%, but they ar epositive about the second half of 2024, especially as they say they are working closely with Nike on multiyear growth plans and feel “well-positioned” with Nike going forward #globaleconomy #nike #sportandleisure #retail #ecommerce https://lnkd.in/ecYThf9P

Apparel giants like Levi Strauss & Co., Skechers, and Canada Goose are shifting towards direct-to-consumer sales, requiring overhauls of their retail logistics. They're investing in their own supply chains to handle individual orders efficiently. Despite challenges, the financial incentives are significant, with the potential for higher revenue margins. For instance, Levi Strauss aims to increase its direct-to-consumer revenue to over 55% by 2027. This trend reflects broader shifts in consumer markets towards direct engagement via social commerce and e-commerce platforms. Read more in The Wall Street Journal: https://bit.ly/4aerwB5.

Retail Today / Retail Renaissance: So not all mall retailers are struggling, some have transformed themselves into the hottest brand in years. Abercrombie is on 🔥🔥🔥🔥! Their stock performance last year up 285% 💥💥💥! $4 Billion in sales, +10% growth! Why? They went from hated just a few years ago to loved, by transforming their marketing, appealing to a different demographic and audience. Good old fashion merchandising, product design, fashion, style that appealed to #millennials. This is how you get beyond Fast-Fashion, by building demand for quality products. Under the radar, hundreds of Specialty Retailers are taking a different approach to the demand of cheap products and low prices. Opportunity? Was this what Gap missed? #retail #retailindustry #retailtrends #retailstrategy #retailexperience #merchandising #fashion #style #marketing #stores #shoppingexperience #brandexperience #sales #quality #millenials #genz #abercrombie #gap Abercrombie & Fitch Co.

Lavie Sport has taken a significant stride in expanding its product portfolio, venturing into the unisex accessory domain to introduce a thoughtfully curated array of professional bags. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness

'Foot Locker: ‘I think it’s fair to say Nike’s going back on offense’ 👟🏈 The retailer, which saw sales fall nearly 3% in Q1, teased a return to growth with Nike later this year and expressed excitement about upcoming innovation. 💡🚀 #FootLocker #Nike #RiseAgain #Innovation' by Retail Dive about Foot Locker