• Columbia Sportswear's Q2 sales drop, announces leadership changes to drive omni-channel growth

    30 days ago - By Fashion United

    Net sales at Columbia Sportswear Company decreased 23 percent to 701.1 million dollars, gross margin contracted 40 basis points to 48.9 percent of net sales, from 49.3 percent of net sales for the comparable period in 2019, operating income decreased 44 percent to 85.6 million dollars or 12.2 percent of net sales and net income decreased 47 percent to 62.8 million dollars or 94 cents per diluted share from the comparable period in 2019. In a separate release, the company also announced a series of senior leadership changes executing on transition plans, supporting its omni-channel plans...
    Read more ...

     

  • Skechers reports sales recovery over Q2

    30 days ago - By Fashion United

    Sales at Skechers USA Inc., decreased 3.9 percent as a result of a 4.1 percent decrease in the company's international business and a 3.7 percent decrease in its domestic business. The company said in a statement that gross margins remained relatively flat at 48.1 percent, earnings from operations decreased 55.3 million dollars or 37.5 percent to 92.1 million dollars. Net earnings were 64.3 million dollars and diluted earnings per share were 41 cents, while adjusted net earnings were 82.6 million dollars and adjusted diluted earnings per share were 53 cents.
    “As we continued to navigate...
    Read more ...