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Total Apparel Group, Inc. today announced that its wholly owned subsidiary, Total Licensing, Inc. ("TLI"), has signed a five-year lease for new showroom space at 230 West 39th Street, located in the heart of Manhattan's Fashion District. The 1,850-square-foot space on the 6th floor will serve as TLI's primary East Coast showroom for SKECHERS Time Instruments, as well as additional licensed properties.
Total Apparel Group, Inc. today announced that its wholly owned subsidiary, Total Licensing, Inc. ("TLI"), has partnered with Glamm Industries, LLC ("Glamm") to develop and market timepieces for SKECHERS USA, Inc. ("SKECHERS") (NYSE: SKX). The new collection of SKECHERS Time Instruments will be available in retailers throughout the United States in Fall 2011.
SKECHERS USA, Inc. (NYSE:SKX), a global leader in the lifestyle footwear industry, today announced that it has signed a licensing agreement with Global Design Concepts to design, produce and distribute SKECHERS-branded backpacks, messenger and tote bags for men, women and kids.
“Combine that with a passion for innovation and great grasp of our brand DNA, and it’s clear why they represent a welcome addition to our growing portfolio of high quality licensees.”
Ready for Fall 2010 delivery, this new SKECHERS Bags line will include a wide range of products constructed with quality, durable materials branded with SKECHERS’ iconic logo. From small, trend-driven bags to larger, more functional backpacks, laptop and messenger bags, the collection will meet the needs of a wide demographic.
SKECHERS USA, Inc. (NYSE:SKX), a global leader in lifestyle footwear, today announced financial results for the first quarter ended March 31, 2009.
First quarter 2009 net sales were $343.5 million compared to $384.9 million in the first quarter of 2008. Net earnings for the first quarter of 2009 were $8.2 million versus net earnings of $32.8 million in the first quarter of 2008. Diluted earnings per share were $0.18 based on 46,467,000 weighted average shares outstanding as compared to net earnings per diluted share of $0.70 based on 46,664,000 weighted average shares outstanding in the first quarter of 2008.