Thursday, June 30, 2011

Change is Good

Things are really changing at SKX. A press release yesterday stated that
"Total Apparel Group, Inc. ("TAG") (OTC Pink: TLAG) today announced that its wholly owned subsidiary, Total Licensing, Inc. ("TLI"), has partnered with Glamm Industries, LLC ("Glamm") to develop and market timepieces for SKECHERS US"
Another licensing agreement with LF USA, a subsidiary of Hong Kong-headquartered multinational Li & Fung Limited, to produce a SKECHERS Fitness apparel and accessories collection for men and women.
"The SKECHERS Fitness Apparel collection will build on the success of SKECHERS Fitness Footwear, which now includes technical running collections as well as styles designed for training and all-day wear. LF USA’s Regatta division will design, produce, distribute and market the collection"
Along with Sketcher's new shoe line, it appears they are intent on increasing their revenue streams. I'm rooting for them.

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