Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat.
Outlet malls are continuing to show their resilience across Europe as consumers flock to them and they attract top quality tenants. And London Designer Outlet has announced that Puma will open a 2,365 sq ft store there.
Skechers has added another mark to its scorecard in its ongoing feud with Nike, as a judge has ruled in the California-based footwear company’s favor in a trademark infringement case concerning Nike’s Converse brand.
Skechers has reported record sales of $1.259 billion in Q2 2019, up 10.9% from the prior-year period – progress which set the California-based footwear company up for a comfortable earnings beat after a disappointing Q1.