Net income increased 32% to SEK 83 million ($9.1 mm) in the first quarter from SEK 63 million, on flat sales of SEK 487 million ($53.3 mm) compared to SEK 486 million, which would have been up 5% constant currency.

The Japanese retailer said its bottom line for the fiscal year ended Mar. 31, 2026, would swing to a loss of ¥2,141 million ($13.6 mm), down from a ¥971 million profit, and would fall short of its forecast for net income of ¥236 million ($1.5 mm).

Total shoe sales in the first quarter inched up 1% year over year, while overall units sold declined, as higher average selling prices propped up the top line, according to Circana research.

Revenues from Weyco’s waterproof boot brand declined 11% in the first quarter to an implied $5.6 million, pressured by weak ordering trends from retail partners.

S&P upgraded Beach Acquisition Co. Parent LLC’s (dba Skechers) first-lien debt to BB from BB- and maintained its BB- issuer credit rating on the proposed repricing of term loans due in 2032.

The U.S. operation of Colt CZ group is getting a new CEO and head of operations in Petr Palecek, succeeding Petr Pistelak, who is moving back to the Czech Republic to oversee international sales for Colt and Dan Wesson.

The Merrell and Saucony parent promoted its Work Group chief product officer, Mike Maloney, to global general manager of the Wolverine brand, a newly created role.