Retail Industry
Industry: Email Alert RSS FeedDESPITE MIXED Q4, FIRMS TURN IN POSITIVE '05.
Footwear News, February, 2006
Byline: ERIC NEWMAN, WAYNE NIEMI
NEW YORK - As major footwear vendors last week closed the book on 2005, results heading into the new year were mixed.
While VF Corp. charges ahead, looking to further improve its group of money-earning acquisitions, Wolverine World Wide saw sluggish fourth-quarter performance as it cleaned up inventory levels. K-Swiss noted decreased sales volume in the wake of the Reebok/Adidas merger, and Timberland saw steady, if relatively flat, gains in sales and earnings.
International expansion provided a boon for some. Wolverine further boosted its sales of Merrell footwear in Europe, while K-Swiss found a robust European market for its classics business. For Timberland, international sales grew 12 percent for the...
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