Cautious retailers continue to be a ‘Grinch' for these clothing and shoe makers
Columbia(COLM) Market Watch·2024-02-03 05:05
The broader economy might be holding up. But if Thursday’s results from Skechers USA and Columbia Sportswear Co. are any indication, the part of it that involves buying shoes and jackets might still be awaiting its soft landing. Shares of both the comfort-shoe maker and the maker of ski jackets fell on Friday, following disappointing holiday-quarter results. While analysts hunted for positives afterward, executives at both companies pointed to continued reluctance from retail stores to stock up on their pro ...