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K•Swiss plans to reduce inventory levels in 2009
09 Mar '09
3 min read
Steven Nichols, Chairman of the Board and President, stated, "The fourth quarter results and our outlook for 2009 reflect the brutal realities and uncertainties of today's global retail environment. The uncertainties we face include the condition of the worldwide economy, the effectiveness of repositioning the K•Swiss brand, the level of marketing investments we could make in K•Swiss and Palladium, and currency exchange rate fluctuations, among others. Our goals for 2009 are to reduce inventory levels, minimize our net loss and make the right investments in our brands for the long term."
K•Swiss Inc
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