The footwear group announced a net loss of $17.5 million, or $0.22 per diluted share, for the first quarter on Thursday, as the company’s sales suffered from the negative effects of Covid-19-related store closures.
The owner of brands including Steve Madden, Dolce Vita, Blondo and Brian Atwood reported increases in Q4 and full-year sales and earnings on Thursday, as retail revenues continued to rise despite growing headwinds.
Bally, the long-struggling Swiss leather goods maker, is back in growth mode after years of stagnant sales, buoyed by more contemporary designs and solid demand from Japanese and U.S. buyers, its chief executive said.
The shoe designer and sourcer on Friday announced a decline in first quarter 2015 profits despite a 6.3% increase in net sales to 323.9 million US compared to 304.6 million US in the same period of 2014.
Private equity firm Sycamore Partners is slashing the equity commitment for its takeover of The Jones Group by almost half, and in turn adding $250 million in new unsecured debt at Nine West, sources told Reuters.