Industry imports of athletic footwear, apparel, and equipment increased 9% year-over-year in the first quarter, slowing a bit in momentum from Q4’s 15% jump, but a strong result as brands and retailers pulled orders forward to land them before the Trump Administration’s tariffs took effect.

Net income dropped 46% to $9,343,000 in the first quarter from $17,286,000 on sales that were down 8% to $277,715,000 from $300,365,000, with the bottom line hit by the planned investment to re-banner stores as Shoe Station, and inventory ramp up.

The footwear, accessories, and lifestyle brand inked an exclusive agreement with Boulder, CO-based Catapult Group to introduce a new performance apparel division.

The Solo Stove and Chubbies parent’s board of directors approved a reverse stock split of between 1-for-10 and 1-for-100 as it aims to address operational and governance challenges.

SKX, along with Robert and Michael Greenberg, were hit with a suit in CA district court by the Key West Police Officers & Firefighters Retirement plan, accusing the defendants of violating federal securities law.