Levi Strauss & Co announced plans to expand its retail footprint and forecast a smaller-than-expected decline in current-quarter revenue after surging online sales helped the denim maker post a surprise profit.
The Pennsylvania-based sportswear and equipment retailer reported a $2.6 million decrease in first-quarter net income on Wednesday, as progress in e-commerce revenues failed to kickstart the company’s overall sales.
Body Glove licensee Surf 9 LLC has appointed Brad Gruber to be the new president of its footwear division. Florida-based Surf 9 designs, manufactures and distributes footwear and holds multiple Body Glove licenses.
The Pennsylvania-based sports retailer has announced high single-digit sales growth in Q4 and the full year 2017, leading to improved earnings as the company extends both its digital penetration and store network.