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Skechers Q3 misses
Skechers’ third quarter results came in below estimates as the company said it would continue to focus internationally for growth. The Manhattan Beach, Calif.-based brand’s net income fell 2.2% to $65.1 million, or 42 cents per diluted share, which was below forecasts for diluted EPS of 47 cents. Skechers said its diluted EPS were negatively impacted by foreign currency translation and exchange losses. -
Walgreens, Rite Aid extend date of merger agreement to allow for store divestures
Walgreens, Rite Aid extend date of merger agreement to allow for store divestures Walgreens Boots Alliance and Rite Aid announced that they have mutually agreed to extend the end date of their merger agreement from Oct. 27, 2016 to Jan. 27, 2017. The companies now expect the transaction will close in early calendar 2017.

