The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Previews of Agenda WMNS at Long Beach, Agenda NYC and Agenda Vegas. Now on Industry Insight.
Skechers raised its offer to $142.8 million after Heelys rebuffed a previous offer in May.
The current offer has Skechers buying Heelys for $5.25 a share, 7.8 percent above Heely's closing price Wednesday.
Previously, Skechers offered to pay $4.75 to $5.10 a share, the Journal said.
Sales of Heelys shoes fell 75 percent in the second quarter and the company reported a net loss of $394,000 vs. a $12.8 million profit the same period last year.