Friday, 7 February 2020

Skechers finishes record year on strong international sales




It was a record year for Skechers, which announced on Thursday sales of over 5.2 billion for the full-year ended December 31, 2019.


The Manhattan Beach, California-based footwear company reported a sales jump of 12.5 percent for the twelve months. The company’s international business boosted sales, as a result of a 20.2 percent increase. In constant currencies, the rise was 24.3 percent.

By segment, sales rose 19.8 percent in the international wholesale business and 13.7 percent in the direct-to-consumer business, with slower growth seen in domestic wholesale, as it fell 1 percent.


The Manhattan Beach, California-based footwear company reported a sales jump of 12.5 percent for the twelve months. The company’s international business boosted sales, as a result of a 20.2 percent increase. In constant currencies the rise was 24.3 percent.

By segment, sales rose 19.8 percent in the international wholesale business and 13.7 percent in the direct-to-consumer business, with slower growth seen in domestic wholesale, as it fell 1 percent.

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