July 23, 2020 Skechers Swings to Loss in Q2, but Sees Recovery Coming
Net loss in the second quarter was $68.1 million against a profit of $75.2 million last year, as sales tumbled 42% to $729.5 million from $1,258.6 million, including a 47% falloff in U.S. sales and a 38% drop from international as the pandemic closed stores as it spread to the west. Activists Target Sports Brands Over Forced Labor in China
A new campaign organized by labor groups is demanding that international brands ensure they are not using forced labor from the Uyghur region of China, which they say accounts for 84% of the country’s cotton supply and 20% of the world cotton supply. Foot Locker Changes Leadership for North American and Asia
Big Foot elevated three company veterans to the executive vice president level, including the newly created role for current CMO for North America, Andy Gray, who was named EVP and chief commercial officer. Under Armour Expands Diversity Commitments
Under Dog said that 20% of its director and above positions are held by talent that is black, indigenous, and people of color, as it works towards the target of 30% by 2023 that it established in Jan. 2020. House Passes Great American Outdoors Act
The bipartisan bill passed the U.S. House of Representatives by a vote of 310-107 and now heads to President Trump, who is expected to sign it into law. Etcetera: Mizuno, Wilson, Helly Hansen
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