The outdoor and active apparel and footwear company announced a 14.1% decline in its third-quarter sales on Thursday, despite strong performances from its e-commerce channel and the Saucony and Chaco brands.
The Canadian parka specialist has been extending its range ever since its 2017 stock market listing. It is now set to enter the footwear market, having hired Adam Meek, formerly global senior VP of product at Sperry.
The outdoor lifestyle group has announced skyrocketing e-commerce sales in the first nine weeks of Q2, giving the company hope of achieving better-than-expected results in a quarter negatively impacted by Covid-19.
The owner of Merrell, Sperry and Hush Puppies announced a 16.1% decline in its Q1 revenues on Wednesday, although the company insisted that it is well positioned to “emerge even stronger” from the Covid-19 crisis.
The Rockford, Michigan-based lifestyle conglomerate has announced via a regulatory filing that Todd Spaletto is stepping down from his role as president of its Michigan group on or before May 30, 2020.
A number of fashion and beauty industry players announced initiatives to support Covid-19 relief on Wednesday, with Estée Lauder and PVH both pledging $2 million, while VF revealed a donation of $1.5 million.
As Covid-19 continues to spread, the footwear and apparel company announced the temporary closure of its stores on Thursday, but was keen to point out that it is “well positioned to weather the current challenges."
The footwear company announced a slight increase in its fourth-quarter sales on Tuesday, but plummeted into loss as expenses related to environmental litigation took their toll on the group’s bottom line.