Steven Nichols, Chairman of the Board and President, stated, "The first quarter results continue to reflect the negative trends we have been experiencing in our domestic business as the decline in domestic revenues and backlog more than offset the 31 percent increase in revenues and the 51 percent increase in the backlog we generated in our international business.”
“We are fortunate that the strength in our international business is somewhat mitigating the slowdown in our USA business and that our strong balance sheet affords us the opportunity to make the prudent decisions for the long term," he added.
K-Swiss Inc designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear under the K-Swiss brand. It also designs and manufactures footwear under the Royal Elastics brand. Royal Elastics, a wholly owned subsidiary, is the leading innovator of slip-on, laceless footwear.
marketing@alchempro.com
