SGB Update

Weyco Group’s Q2 Sales Up Slightly

Weyco Group Inc. reported net sales for the second quarter of 2017 were $57.5 million, up 1 percent as compared to second quarter 2016 net sales of $56.9 million. Bogs’ sales were flat.

Phoenix Footwear Narrows Q2 Loss

Net loss for the second quarter improved to $519,000 compared to a net loss of $539,000 for the second quarter of fiscal 2016.

Iconix Brand Group Lowers Full Year Outlook

Iconix Brand Group reported second-quarter revenue excluding divested brands was down 7 percent, an improvement from the first quarter. But the company reduced its guidance for the year due to the timing of certain new initiatives, the transition of certain licensees, and the deconsolidation of the Southeast Asia joint venture

Nixon Appoints Scott Kerslake CEO

Nixon, the California-based watch and accessory brand, announced that Scott Kerslake, formerly Prana’s president, has been selected as its new chief executive officer.

Payless CEO W. Paul Jones Resigns

W. Paul Jones, the CEO of Payless ShoeSource, has resigned just as the retailer is set to exit bankruptcy proceedings, according to a report from the Topeka Capital-Journal.

Crocs Q2 Earnings Climb

Crocs Inc. reported earnings rose 65.8 percent excluding non-recurring charges in the second quarter as improved margins and expense management offset a 3.3 percent decline in sales.

Wolverine Worldwide Lifts Guidance On Above-Plan Q2

Wolverine Worldwide raised its guidance for the year after reporting second-quarter results that topped Wall Street’s targets. Benefiting from its transformation initiatives, most brands exceeded revenue expectations for the quarter while also over-delivering on operating profit goals.