The American footwear brand has announced that it has transitioned from its third-party distributor model in the Philippines and has set up a subsidiary through which it will manage its operations in the country.
The American lifestyle and performance footwear retailer announced Q3 sales of $1.55 billion on Thursday, coming in below its own predictions for the quarter, despite solid year-over-year growth of 19.2%.
The footwear company reported earnings of $98.6 million for the first quarter, an increase of 100.8% from $49.1 million in the same period in the previous year, thanks to sales that the group described as a Q1 record.
With news of so many store closures, it’s encouraging to hear of a major opening with US shoe and lifestyle brand Skechers having opened a flagship store on a key Paris shopping street, Rue de Rivoli.
Wednesday was another day full of announcements from U.S. retailers looking to do their part to combat the spread of Covid-19 by implementing store closures. J.C. Penney, Skechers and J.Jill were among the latest batch.