Retail Industry
Industry: Email Alert RSS FeedSOME FIRMS STUMBLE IN Q3.(Jones Apparel Group earning report)(Kenneth Cole annual revenue report)(Skechers usa inc. report of the year)
Footwear News, October, 2005 by Niemi, Wayne; Zmuda, Natalie
Byline: Wayne Niemi, Additional reporting by Natalie Zmuda
NEW YORK -- It was a rough week for several major footwear firms.
Jones Apparel Group and Kenneth Cole both reported weak third quarter earnings last week on slow sales.
In the meantime, Skechers and Timberland reported solid gains, but a lower-than-expected earnings forecast for the fourth quarter. As a result, both companies' stocks fell sharply in Thursday trading. Skechers' weak forecast prompted a heavy drop-off in its stock price. Timberland, too, saw its shares slide on weak U.S. sales and a sluggish forecast.
Footwear, Accessories Weak for Jones
Weak wholesale footwear sales contributed to an overall earnings decline at Jones Apparel Group during the...
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