Shares in athletic shoe companies may come under pressure after global industry leader Nike on Friday missed profit forecasts and fell by 9.4% in New York trading.
Michael Loucks and many former prosecutors like him may be enriching themselves in white shoe firms around the country, but the justice system has become poorer for it.
Collective Brands may also end up doing a deal: it has hired consulting firms Perrela Weinberg Partners and Kurt Salmon to explore alternatives to enhance shareholder value, including the possible sale of the company or its Payless ShoeSource unit, or it may hatch up a deal involving its Stride Rite shoe division.
Samsung smart phone spat, a U.S. Court of Appeals has ruled that Yves Saint Laurent may continue selling shoes with red soles as long as the whole shoe is red.