Skechers Sales Surge but Net Drops on International Spending
Net income slipped 20% to $59,535,000 from $74,107,000 in the second quarter pulled down by increased investments in international expansion even as revenues soared 17% to $1,025,934,000 from $877,810,000 and gross margins were strong at 47.6%, up 20 basis points.
The objectives unveiled by the U.S Trade Representative for updating NAFTA were light on inflammatory rhetoric and heavy on ensuring that the process goes smoothly, much to the relief of many importers like the AAMA and the NRF.
The loss of over 100 off-course golf retail doors in 2016 presents an opportunity for on-course retail and custom fitting specialists, according to the 2017 Serious Golfers Shopping and Purchasing Habits Study from Golf Datatech.
The founders of the team sports participant app company are offering 1,273,612 of the 4,831,612 shares, or 26.4% of the company, at $0.25 per share that will gross them $318,403.
The Second Skin line, initially just compression apparel, will now include training apparel for men and women at 350 Dick’s stores.
Tod Leiweke, NFL COO along with Jeff Kearney, Gatorade global head of sports marketing, Matt Powell, NPD VP of industry analysis and Rakhil Hirdaramani, a director at Hirdaramani Group will speak at the event to be held in Chicago on Sep. 13-14.