SGB Footwear

Skechers Transitions South Korean Business

Skechers, a global leader in lifestyle and performance footwear, is transitioning its business in South Korea from a third-party distributor to a new joint venture with Luen Thai Enterprises.

Puma Lifts Guidance After Robust Q3

Net earnings nearly doubled in the third quarter. Sales grew 10.7 percent on a currency-neutral basis, led by gains of 12.2 percent in the Americas region and 11.9 percent in the EMEA.

NRF: Retailers Ready To Work With New President

National Retail Federation President and CEO Matthew Shay congratulated the winners of Tuesday’s federal elections and pledged to work with President-elect Donald Trump and the new Congress on a pro-growth, pro-jobs agenda.

Nike To Open Mega-Store In Lower Manhattan

The five-story 55,000-square-foot location in New York City’s Soho neighborhood is designed to “deliver the best of Nike’s personalized services,” including exclusive trial spaces, product customization and access to digital platforms.

Crocs’ Q3 Revenues Slide 12 Percent

Crocs Inc. slashed its loss in the third quarter, although the latest period again includes restructuring charges. Sales in the quarter were down 11.6 percent and are expected to slide between 7 percent and 11 percent in the fourth quarter.

Iconix Brand’s Q3 Earnings Turn Around

The parent of Starter, Danskin, Umbro and a number of other athletic and fashion brands reported a profit in the third quarter ended September 30 against a loss a year due to fewer non-recurring charges in the latest period and a stabilization of sales across its portfolio.