Skechers 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.
Under Armour passing adidas in Europe, says Citigroup Citigroup analyst Kate McShane says her survey of independent retailers in Europe indicated Under Armour (UA) is now the number two selling brand in Europe behind Nike (NKE) in Q1, putting it just ahead of adidas (ADDYY) on its home turf. She notes 63% of the retailers it surveyed believe Under Armour is taking market share. McShane reiterates a Buy rating on the performance apparel maker with an $88 price target. She believes the company's international opportunity is "greater than ever." The stock closed yesterday up 21c to $79.91.