logo
DTLR CEO Todd Kirssin on Continued Retail Expansion and Why DEI Is ‘Organic' at the Retailer

DTLR CEO Todd Kirssin on Continued Retail Expansion and Why DEI Is ‘Organic' at the Retailer

Yahoo21-05-2025
The year is still young, but it has already featured moments to remember for DTLR.
The lifestyle retailer, which was acquired by JD Sports in February 2021, opened its 250th store this past February, a 6,000-square-foot location at Reisterstown Road Plaza in Baltimore. The location is fitting, as DTLR was founded in the Maryland city in 1982.
More from WWD
JD Sports CEO Warns on 'Volatile' Year Ahead, Declines to Comment on Trump Tariffs Following Q4 Gains
JD Sports Still 'Bullish' on Nike as It Helps Launch the Air Max Dn8 Sneakers in NYC
Shoe Retailers Can't Stop Talking About Nike: Is That a Good Sign for the Swoosh's Recovery?
It was designed under its new NextGen concept, introduced in late 2023, which includes modern enhancements to offer consumers an elevated experience such as digital tickers, neon signage and highlighted areas in the footwear wall.
The milestone moment, however, occurred during challenging time for retail. Aside from the economic instability that all businesses are facing, the current presidential administration has targeted diversity, equity and inclusion (DEI) efforts that has resulted in program rollbacks and more. DTLR has long been an advocate for, and worked with, historically Black colleges and universities (HBCUs).
Here, chief executive officer Todd Kirssin — a 25-plus year company veteran who was elevated to the role in September 2023 — shares brick-and-mortar growth goals with FN and organically supporting diversity both internally and with its consumers.
DTLR opened its 250th store mid-February. What does this say about the company's health?
'We're in expansion mode, approximately low double-digit store growth for the year. The 250th store was in Baltimore where DTLR was started — and ironically also where I started in the business — and was a super special moment for us. It was nostalgic and it pays homage to our roots in Baltimore and our success in the DMV, our hometown, our home area. The reason we're very successful as a retailer is because the consumer here is so fast and we have to always keep up with their needs, their wants and their desires: fast-fashion, latest and greatest. That's helps us stay so entrenched in the other markets we serve as well.'
Could you offer more details into brick-and-mortar expansion plans? Is there an ideal store count increase for 2025? Are there regions that you are under-penetrated in?
'The plan is to open up approximately 20 stores this year. We're looking to backfill a lot of our existing cities and states. We're opening up some more stores in Georgia, Maryland, northern Florida, Ohio, and Philadelphia.'
What makes your home DMV region so special?
'It's our consumer. We're blessed to have this consumer with an insatiable appetite for looking good, looking for the next thing to make them stand out and their expression through their footwear and apparel and accessories, from head-to-toe. That challenges our merchant team to constantly try to fill those desires.'
What is today's DTLR consumer shopping for?
'Sneakers. I always say it's the obtainable Mercedes in a way. You could buy a pair of sneakers for $100 to $200 and it makes our customers feel really good, they feel special when they're putting that shoe on. It makes them stand out. They're looking for color, they're looking for comfort now more than ever. Differentiation, something special. Standout materials like metallics or bright neon colors. And then it radiates from the foot up.'
It appears as if DTLR's relationship with New Balance has always been strong, given all the collaborations and retailer exclusives you've sold. How has your relationship with New Balance, which is red-hot at the moment, been invaluable?
'Our relationship is very time tested, going back in our 45-year history. We've always had relationships with New Balance, it was always a great brand going back to [the early popularity of] 996s and 1300s in Baltimore and Washington [D.C.], so we were always playing with the brand and footwear and a little bit of apparel here and there. They've gotten this huge run up the last three years, a lot of retailers were like running and chasing them, but you have DTLR that's always been there, that's always worked with them, in the good times and the not as hot times with the brand. Those relationships run deep and they're true, all the way from senior leadership a New Balance to our reps and customer service.'
What other footwear brands are your consumers looking for?
'We always have heritage brands, authentic brands like the Timberlands of the world, Nike and Jordan and Adidas. And Ugg would be one of them. We've been an Ugg retailer for over 25 years, we're one of the first that adopted Ugg. We started with two stores and now we're growing that business, it's a huge mainstay for us, not only fall and holiday, but also spring and summer. And then you have Saucony, a heritage brand. We're always looking for the ones that bubble up and make some noise and try to be the first ones on those brands, like a Saucony or an Asics, that is delivering color, something special that has heritage and has authenticity.'
DEI efforts in this country are changing dramatically after being a target of the current presidential administration, but DTLR has long been an advocate for diversity and has worked directly with HBCUs. How are today's DEI conversations impacting DTLR?
'We're a very diverse company in our senior leadership team all the way down. It's something we're very proud of. We want to make sure that we're very inclusive as a senior team to make sure everybody's heard and to understand the lens of our consumer. We give back and do community outreach through HBCUs, CIAA [Central Intercollegiate Athletic Association], and the events that we do are always through that lens of our consumer. And especially with HBCUs, when we try to hire we recruit from the campuses. We talk through our actions. We do this organically through our actions and our leadership. We don't do things just to do them and say that we're a diverse company. We just walk the walk.'
Looking ahead, what will the story of DTLR be by year's end?
'I took the helm approximately a year ago, and under our new leadership team, we've done a lot of great foundational work with our new store concept. That is one of our biggest wins, our NextGen store concept, which has been super successful. It's giving us better engagement with our consumer, more capacity and density in store, better brand call outs, better gender call outs, more opportunity to cross merchandise. That's been a huge success for our visual merchandising team and for our buying team. And then we're focused on marketing and community outreach and engaging with our consumer to be as relevant as we can and stay relevant, stay top of mind. We're building that out with our social media, along with all the other things that we do to continue to speak to the consumer, to highlight products, special makeups that differentiate DTLR from our competition in this space.'
Best of WWD
Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS]
Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos]
Crocs Collaborations From Celebrities & Big Brands You Should Know
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump gets tariffs; Americans get price hikes
Trump gets tariffs; Americans get price hikes

Yahoo

time7 minutes ago

  • Yahoo

Trump gets tariffs; Americans get price hikes

By David Gaffen and Marleen Kaesebier (Reuters) -U.S. President Donald Trump is getting his tariffs. Companies are making it clear how they intend to deal with it - passing them on to American consumers. Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them to choose between lower earnings and passing on higher costs to customers. In the case of Procter & Gamble and others, it is both of those things. On Tuesday, the packaging giant, which makes household basics spanning from Bounty paper towel to Tide detergent, issued a sour outlook for 2025 and sent a message to big retailers like Walmart that it would have to raise prices on some U.S. goods from next week. This challenge facing companies in coming quarters will likely feed through to everyday consumers. P&G said it would raise prices on about a quarter of its products in the U.S. to help offset the cost of new tariffs. Price hikes are in the mid-single digits across categories, a spokesperson for the company said. While U.S. stock indexes have soared to record highs this year, built on massive investment in technology shares, many consumer bellwethers have struggled. Since Trump's April 2 "Liberation Day" tariff announcements, P&G shares have declined 19%; Nestle is down 20%; Kimberly-Clark has lost 11%, and PepsiCo is off nearly 7%, while the benchmark S&P 500 stock index has gained more than 13%. Consumer goods, food and drink companies have struggled with lackluster sales since the pandemic, as shoppers have balked at increasingly expensive name-brand packaged food. Nestle said last week that consumers in North America remained wary of paying more at the cash register. More price hikes will deepen investor worries about how big brands are navigating the combined challenge of thrifty consumers and hefty costs created by Trump's trade war. "You're going to see companies like Walmart, Amazon, and Best Buy forced to pass price increases to consumers," said Bill George, former chairman and CEO of Medtronic and executive education fellow at Harvard Business School. "Main Street has yet to see the fallout from increased tariffs - and they're going to go higher." Between July 16 and 25, companies in the Reuters global tariff tracker said they expected to lose a combined $7.1 billion to $8.3 billion for the full year. GM, Ford and other carmakers have absorbed the cost of tariffs - totaling billions of dollars - so far. Many companies shipped more goods and raw materials into the U.S. before tariffs hit. Economists and analysts reckon that hoarding has helped some delay hiking prices until later in the year and explains why tariffs have not yet shown up in U.S. inflation data. Andrew Wilson, International Chamber of Commerce deputy secretary general, estimates inflation will be felt once companies have run down inventory, but that might not be until the fourth quarter or first quarter of next year. Others like Ray Ban-maker EssilorLuxottica have already hiked prices. Swiss watch and jewelry maker Swatch increased prices by about 5% after Trump announced tariffs in April with "zero impact" on sales, CEO Nick Hayek told Reuters recently. High-end brands like Tissot watches are less price sensitive to increases. Customers wanting to splash out on an expensive watch might also buy abroad when travelling where taxes are lower, he said. "You cannot do this with cars. You cannot do this with machines. But you can do this with watches. So it's not so problematic for us," he said. Sign in to access your portfolio

Trump, China trade talks move closer to extending tariff truce
Trump, China trade talks move closer to extending tariff truce

USA Today

time8 minutes ago

  • USA Today

Trump, China trade talks move closer to extending tariff truce

WASHINGTON – The Trump administration and Chinese officials appear to be moving toward extending a 90-day tariff truce the two sides struck in May, but President Donald Trump still has not signed off on it. Momentum to extend the truce, in which both countries held off on imposing massive, triple-digit tariffs on imports on one another, came as a result of two days of U.S.-China talks in Stockholm. "We're going to talk to the president about whether that's something that he wants to do," U.S. Trade Representative Jamieson Greer, Trump's top trade official, told reporters in Stockholm. "It's certainly something that's been under discussion." More: Trump's trade talks intensify with tariff deadline fast approaching Trump expressed optimism about the latest round of discussions between his economic team and Chinese officials as he returned to the White House from Scotland aboard Air Force One. "They're going to brief me tomorrow. We'll either approve it or not," Trump said, referring to an extension of the truce. China's top trade negotiator Li Chenggang said that both countries agreed to push for an extension of the trade truce, without specifying when or for how long. In May, the Trump administration and China agreed to slash tariffs for 90 days in a push to de-escalate a trade war between the world's two largest economies while the two sides continued to negotiate a long-term agreement. However, a long-term deal between the United States and China still hasn't come together ahead of an Aug. 1 deadline when Trump was preparing to impose higher tariffs on goods from nearly 180 countries. Under the truce in May, the United States reduced 125% reciprocal tariffs imposed on Chinese imports by 115% to a 10% baseline tariff, which matches the tariffs the Trump administration imposed on other countries. Trump's 20% tariffs slapped on China over fentanyl production remained in effect, meaning the U.S. tariffs on China totaled 30% overall. In turn, the Chinese government agreed to reduce its retaliatory tariffs on U.S. exports for 90 days from 125% to 10%. Treasury Secretary Scott Bessent, who participated in the trade talks in Stockholm, said he believes the Chinese were "surprised" by the magnitude of Trump's recently announced trade deals with Japan and the European Union. More: President Trump announces 'massive' Japan trade deal with 15% tariff "They're never compliant, but I think they were in more of a mood for a wide-ranging discussion," Bessent said, calling the tone of the talks "constructive." Bessent said Trump's team conveyed the need for the United States to improve the trade balance with China in areas such as rare earth minerals, semiconductors and medicines. "We reiterated to them: We don't want to decouple. We just need to de-risk with certain industries," Bessent said. Reach Joey Garrison on X @joeygarrison.

US, China to continue talks on tariffs truce
US, China to continue talks on tariffs truce

The Hill

time8 minutes ago

  • The Hill

US, China to continue talks on tariffs truce

Officials from Beijing and Washington on Tuesday agreed to continue talks on extending tariff rates under an established 90-day truce. China's top trade negotiator, Li Chenggang, discussed the progress during a press conference in Sweden, where officials have held talks for the past two days. 'The Chinese and U.S. economic and trade teams will maintain active communication, exchange views on economic and trade issues in a timely manner, and continue to promote the stable and healthy development of bilateral economic and trade relations,' Li told reporters, according to Reuters. U.S. Trade Representative Jameson Greer provided a positive report from negotiations, noting that President Trump will ultimately have the final say over a further tariff truce extension. 'We'll report back to him the process we had here,' Greer told reporters, according to Reuters. 'We had constructive meetings for sure, to go back with the positive report. But the extension of the pause, he'll decide.' He added that the conversation was candid and in-depth on both sides, notes Bloomberg. Treasury Secretary Scott Bessent said the current agreement could be extended out to 90 days. He told reporters Tuesday remaining issues were 'small' according to Bloomberg, noting President Trump would be briefed on concerns by Wednesday. Chinese leaders have said that they want a deal that is mutually beneficial while Trump has weighed the option of visiting Beijing to discuss a more permanent rate in person with President Xi Jinping. On Monday, Trump said he was not seeking a 'summit' with Jinping but would be open to discussion of talks if they were initiated from the other side. 'The Fake News is reporting that I am SEEKING a 'Summit' with President Xi of China. This is not correct, I am not SEEKING anything! I may go to China, but it would only be at the invitation of President Xi, which has been extended,' the president wrote in a Truth Social post. 'Otherwise, no interest! Thank you for your attention to this matter.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store