VF Corp Lifts FY Outlook After Robust Q1 Results

VF Corp. reported earnings 62 percent on an adjusted basis in the first quarter ended June 30, to 43 cents a share, well above Wall Street’s consensus estimate of 33 cents. Sales grew 23 percent on a reported basis and were up 21 percent in constant dollars Currency-neutral sales jumped 32 percent at Vans and 5 percent at The North Face.

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Skechers Q2 Earnings Slump 24 Percent

Skechers USA Inc. reported earnings sunk 23.9 percent in the second quarter ended June 30, to $45.3 million, or 29 cents a share, falling short of the company’s guidance. Sales rose 10.6 percent to $1.13 billion.

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Amazon Prime Day 2018 Manages Another Record

Amazon said that sales across its Prime Day event surpassed Cyber Monday, Black Friday and the previous Prime Day, when comparing 36-hour periods, making this once again the biggest shopping event in Amazon history.

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