FDRA

China-based sports brand Xtep International Holdings Ltd announced plans to acquire E-Land Footwear USA Holdings Inc., the parent of K-Swiss, for $260 million in an all-cash deal, according to Reuters....

Sales increased to $65.9 million compared to $61.4 million in the first quarter of 2018. The company reported first quarter net income of $3.6 million, or 48 cents per diluted share, compared to net income of $3.3 million, or 44 cents, in the first quarter...

Skechers USA Inc. reported earnings dipped 7.6 percent in the first quarter. Sales grew 2.1 percent as a 9.3 percent jump in the company’s international business offset a 6.3 percent decrease in its domestic business....