Skechers weathers the storm - sportstextiles: Lea SportsTextiles

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Skechers weathers the storm

14/02/2014
Footwear brand Skechers saw a 14% rise in fourth-quarter 2013 sales to $450.7 million, driven by growth in international markets and said it expects the momentum to continue this year.

“We weathered the unseasonably cold winter in the Midwest and Northeast thanks to one of our strongest boot collections, and the unseasonably warm weather in the West thanks to one of our strongest Sport collections,” said CEO Robert Greenberg, adding that the company diversified its product during 2013.

"The momentum we experienced in the first nine months of 2013 continued in the fourth quarter, which resulted in the second highest fourth quarter sales in the company's history,” said David Weinberg, chief operating officer. "The growth is related to the strong product successes we are experiencing across our men's, women's, and kids' categories, which resulted in double-digit increases in our company-owned retail and domestic wholesale businesses, and single-digit increases in our international and e-commerce businesses." 


Related stories:

International sales drive record quarter for Skechers 27/10/2015
Europeans’ taste for Skechers leads to 40% Q1 increase 28/04/2015
Upping prices leads to record sales for Sketchers 16/02/2015
Record revenues at Skechers as it nears 1,000th store 28/10/2014
Increased automation on the cards for fast-growing Skechers 30/07/2014
Record first-quarter sales at Skechers 23/04/2014

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