Sports footwear brand K-Swiss has reported a net loss for the second quarter of 2010 of $14.5 million, compared to a loss of $11.5m for the same period last year.
Sales for the first six months of this year are down 12% compared to the first half of 2009 at $112.7 million, $46.6 million from the US market and $66.1 million from the rest of the world.
In a statement, company chairman, Steven Nichols, explained that investments it was making in innovation to drive forward both the K-Swiss and Palladium brands were bearing fruit, but were part of the explanation for these results.

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