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June 19, 2014
09:06 EDTADDYY, SKXSkechers sues Reebok for allegedly infringing on GO WALK footwear line
SKECHERS USA (SKX) announced that it filed a lawsuit against Reebok International Limited (ADDYY) for selling footwear that infringes on the popular SKECHERS GO WALK product line. The suit, filed in the United States District Court for the Central District of California, seeks compensatory and punitive damages as well as injunctive relief for infringing on SKECHERSí patent and trade dress rights and for unfair competition. The suit states that Reebok is selling the infringing products under the name Reebok Walk Ahead RS.
News For SKX;ADDYY From The Last 14 Days
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May 19, 2015
09:05 EDTSKXSkechers price target raised to $117 from $89 at Susquehanna
Susquehanna raised its price target on Skechers to $117 from $89 citing strong sell-through and continued order momentum. The firm believes investors are beginning to appreciate the company's inventory management, strong operating leverage, and underlying gross margin performance and sees this generating further stock appreciation. Susquehanna reiterated its Positive rating on the stock.
07:27 EDTADDYY, SKXSkechers moves into second place in U.S. sports footwear market, WSJ says
Skechers (SKX) moved past Adidas (ADDYY) and into second place, behind Nike (NKE), in the U.S. athletic footwear market, reports the Wall Street Journal. Reference Link
May 14, 2015
06:38 EDTADDYYadidas sees India among top five markets by 2020, Times of India says
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May 12, 2015
08:28 EDTADDYYadidas CEO says no approach made on large stake or takeover, Reuters says
Despite a Manager Magazin report last September that activist investors were considering taking a stake in adidas and pushing for change, CEO Herbert Hainer told journalists that "nobody has approached us because they want to buy the company or buy a large number of shares," according to Reuters. Adidas' CEO defended the hiring of Perella Weinberg Partners as advisers to help fend off any potential hostile bids, stating that the company "just [wants] to make sure that anybody who invests has the right intentions," the report added. Reference Link

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