Footwear Financial

March Retail Sales Produce Small Gain

Retail sales were up 1 percent in March seasonally adjusted from February and up 0.8 percent unadjusted year-over-year, the National Retail Federation said. NRF said the numbers could have been better if not for cold weather early in March and changes in the timing of two key religious holidays. (Read More)

Skechers’ Earnings Decline Slightly In Q1

Skechers’ Earnings Decline Slightly In Q1

Skechers USA Inc. reported earnings dipped 7.6 percent in the first quarter. Sales grew 2.1 percent as a 9.3 percent jump in the company’s international business offset a 6.3 percent decrease in its domestic business. Earnings and sales came in at the lower end of guidance but Q2 earnings are expected to improve. (Read More)

JCPenney Makes Executive Hires

J. C. Penney Company appointed Steve Whaley as senior vice president, principal accounting officer and controller; Laurene Gandolfo as senior vice president for home product design and development; and Trish Adams as a strategic advisor to support the company`s transformation. (Read More)

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