Good news for failed footwear retailer Treds. Just a few weeks after it went into administration, the company has been bought out by retailer New Gray Ltd which said it would keep all of the 21 stores open
German sportswear firm Puma gave a conservative forecast for 2019 on Thursday despite strong quarterly sales helped by demand for its chunky RS-X shoes and Cali sneakers, sending its shares down more than 5 percent.
New Look was upbeat on Wednesday as it focused on the positives in its end-of-Q3 report rather than its continuing sales fall. But it seemed justified in that view as the business is clearly improving.
Skechers announced on Tuesday that it has purchased the minority share of its Indian joint venture, making the business a wholly-owned subsidiary of the footwear company as it looks to boost its presence in the country.