Skechers USA Inc. reported earnings rose 25.2 percent in the first quarter on a 16.5 percent revenue gain. Led by the company’s international and retail segments, sales came in easily ahead and earnings at the upper-end of expectations....
“2018 was a difficult year as we continued transitioning our namesake brand from our legacy partner and admittedly under-estimated the challenges of integrating Hi-Tec, a vast global operating business, into our historical licensing model,” said Henry Stupp, chief executive officer....
“The Air Max 97 has always been one of my favorite shoes. I love the 360 sole and gradient possibilities for the upper. It made sense to pair it with the Air Max 1 sole and the bubble of the ‘Infrared’ Air Max 90.” —...
“The global sphere of influence in Los Angeles with regard to fashion, art, sports and entertainment culture make it the perfect place for Champion to bring its iconic heritage and product stories to life,” said Susan Hennike, president Champion Athleticwear. ...
REI, celebrating its 80th year, reported sales of $2.62 billion in 2017, a gain of 2.3 percent from $2.56 billion in 2016. ...
Adidas is planning to close stores in coming years as the company shifts investments to online operations, Adidas CEO Kasper Rorsted told the Financial Times....
“The acquisition of Invertex will deepen our bench of digital talent and further our capabilities in computer vision and artificial intelligence as we create the most compelling Nike Consumer Experience at every touchpoint,” said Adam Sussman, Nike’s chief digital officer....
“We are thrilled to be working hand-in-hand with our partners and our Lean In community to raise awareness of the gender pay gap,” said Rachel Thomas, president of LeanIn.Org....
“In accordance with Kering’s strategy to fully dedicate itself to the development of its luxury houses, Volcom no longer constitutes a core asset and Kering has initiated a disposal process,” the group said in a statement....
“The Caleres board of directors and its executive leadership has been preparing for Rick’s retirement by developing a deep bench of strong leaders at Famous Footwear and by expanding the breadth...