Crocs Blames Q3 Loss on China Inventory Glut

Crocs Inc. swung to a net loss of $27.8 million in the third quarter ended Sept. 30 after holding back shipments to Chinese distributors. The Niwot, CO footwear company reported revenue of $274.1 million, down 9.4 percent, or -0.8 percent in currency-neut

Escalade’s Q3 Revenues Expand 9 Percent

Boosted by acquisitions, Escalade Inc. revenues for the third quarter advanced 9.4 percent, to $34.6 million. Net income from continuing operations, however, slumped 47.4 percent to $2.0 million, or 14 cents a share, from $3.8 million, or 27 cents, a year

Crocs Foresees Comeback After Q3 China Troubles

Despite the Q3 struggles in China, Crocs CEO Gregg Ribatt was optimistic with investors that many of the problems were being remedied, including new production and distribution plans, a 40 percent SKU reduction and fresher styles for 2016…

World Gym Expands Into China

World Gym, a bodybuilding and fitness gym founded in Santa Monica, CA in 1976, is expanding its international presence with its first foray into China…