Exec Apparel

Updates

Skechers Earnings Surge In Q2

Skechers Earnings Surge In Q2

Skechers USA Inc. reported second-quarter earnings jumped 66.0 percent, easily ahead of Wall Street's targets, as revenues gained 13.7 percent on a currency-neutral basis. The revenue gains were driven by increases of 19.8 percent in the company’s international business and 1.5 percent in its domestic business. (Read More)

Legends To Acquire MainGate

Legends announced the acquisition of MainGate LLC, the event retail and merchandise company. The MainGate team will become an integral part of the Legends hospitality division that manages other major sports brand retail and merchandise programs and e-commerce platforms. (Read More)

Nike Settles Racial Discrimination Lawsuit

Nike has settled a racial discrimination lawsuit initially filed in 2017 by a 15-year company veteran just before the case was heading for trial. Terms of the settlement were not disclosed. A Nike spokesman told Portland Business Journal that lawsuit was resolved to both parties' satisfaction." (Read More)

Thule’s Q2 Revenues Climb 7 Percent

Thule’s Q2 Revenues Climb 7 Percent

Thule reported earnings rose 8.9 percent in the second quarter on a 7.3 percent revenue gain. Magnus Welander, CEO and president, said in a statement, "After a strong April and stable May, growth in the month of June was a disappointment in the US as store owners became more cautious as a result of the additional 15 percent tariff on Chinese goods announced in May." (Read More)

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