The senior KPMG partner accused last week of selling inside information to a golfing buddy by federal investigators was feeding his partner information on Deckers Outdoor Corp. earnings as recently as February, according to a criminal complaint filed agai
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Deckers Stock Embroiled in KPMG Insider Trading Case
Deckers Outdoor Corp. became the third of five companies whose financial data was allegedly leaked by a former KPMG senior partner. On April 9, KPMG resigned as auditor of Skechers USA as well as Herbalife Ltd. amid an FBI investigation into insider tradi
Gildan Activewear to Launch First Super Bowl Commercial
Gildan Activewear plans to introduce its first-ever Super Bowl spot in October…
Target Settles Toning Footwear Lawsuit
Target Corp. has settled a consumer lawsuit over claims that its private-label TrimStep toning shoes didn’t perform as advertised. According to public filings, the settlement occurred earlier this month after a federal judge in July denied Target
Shoe Carnival Lauds Partnership with Nike
Speaking last week at the Invent Indiant Equity Conference in Indianapolis, Mark Lemond, Shoe Carnival’s CEO, said Nike has become the family shoe chain’s “largest and fastest growing vendor.”…
Shoe Sensation Secures Credit Line
AloStar Bank of Commerce has provided a $15 million secured revolving credit facility for Shoe Sensation, a retailer of brand name footwear and accessories. Headquartered in Indiana, Shoe Sensation operates 82 stores in 12 Midwest states…
Iconix 1Q Hurt By Weakness in Urban Brands
Iconix Brand Group cuts its full-year guidance due to weakness in its men's division, particularly Rocawear, Ecko and Ed Hardy, and other delays in international plans. It now expects adjusted net income in 2012 will be $1.65 to $1.74, down from prio
Target Sued Over Toning Shoes
Following litigation against New Balance, Reebok and Skechers over their toning shoes, a plaintiff has filed a class action against Target alleging that the retailer's “TrimStep” footwear was deceptively advertised…
Shoe Carnival Launches E-Commerce Website
Shoe Carnival, Inc. has launched its e-commerce website at ShoeCarnival.com. The new site is boasting over 1,500 styles of footwear and accessories from Nike, Adidas, Puma, Skechers, Sperry and others…
Reebok to Refund $25M for Toning Shoe Claims
Reebok International Ltd. will refund $25 million to consumers that bought the athletic wear maker's toning shoes or apparel as part of a settlement with the Federal Trade Commission over deceptive advertising, the agency announced Wednesday. The sho
Penguin Brands, Inc. Acquires Waterbox and Appoints It’s Co-founder VP
Penguin Brands, Inc. has acquired Waterbox through its Nathan Performance Gear subsdiary and named Waterbox founder Canice Harte as vice-president of licensing and innovation. The parent company of Penguin Shoe Care and Nathan Performance Gear, Penquin Br
Former Swatch USA President to Oversee Glamm Industries
Total Licensing, Inc. and Glamm Industries, LLC announced that Glamm has appointed Walter Sims, former president of Swatch USA, as interim executive vice president of operations. TLI, a wholly owned subsidiary of Total Apparel Group, Inc., recently partn
Sport Footwear Sales Up in Mid-Singles in June
June is not historically an important month for Sport Footwear sales, as it is a transition month from spring into back-to-school. June does not see a lot of new product introductions, and is mostly driven by sandal sales and clearance…
Industry Vendors See Q1 Sales Up Double-Digits
Vendors who bolstered inventories with heavier buys in the 2010 fourth quarter were rewarded by a healthier selling environment in the 2011 first quarter as overall revenues for manufacturers improved a robust 12.0% during the quarter…
FFANY, Investor Conferences Provide Forward Look at Product, Margins and Strategy
Minimalism. During a week of sweltering temperatures that made New York City feel more like the Deep South rather than the Northeast, that one word — minimalism — was uttered more frequently by more brands to describe direction for Spring 2012 than any on
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