Top SGB Updates
Snipes Acquires Mr. Alan’s Men’s Bootery
European lifestyle retailer Snipes has acquired Detroit, MI-based Mr. Alan’s Men’s Bootery Inc., a lifestyle specialty retailer of urban-inspired footwear, apparel and accessories. Financial terms of the transaction were not disclosed.
SGB Executive
Skechers Sees Domestic Wholesale Regaining Momentum
Driven by outsized growth overseas and across the company's domestic direct-to-consumer (DTC) network, Skechers USA Inc. reported second-quarter earnings rose significantly over year-ago levels and handily topped guidance. Company officials also predicted domestic wholesale revenues would turn positive in the third quarter with growth accelerating in the fourth.
