Footwear maker Wolverine Worldwide is facing a series of lawsuits for chemical dumping that contaminated wells on private property in Michigan with ingredients known to cause cancer, thyroid issues and other diseases.
Activewear, m-commerce, pricing investments, social engagement and logistics spend all added to a stellar H1 for Asos as the company's sales soared at home and hit the stratosphere abroad with more power growth expected.
The American group of footwear brands recorded a 2.5% decline in sales in 2015, down to $2.69 billion. For 2016, top management expects a downturn ranging between 4% and 8%, but the group's profitability should improve.
The American group which owns brands Sperry Top Sider, Merrell, Keds and Sebago saw its revenues fall by 4.5% in its latest quarter. Unfavourable exchange rates, store closures and the expiry of the Patagonia licence ...