Record-breaking Skechers to invest in internatio - sportstextiles: Lea SportsTextiles

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Record-breaking Skechers to invest in international business

24/07/2017
Sports footwear brand Skechers has reported record sales revenues for the first six months of 2017. It brought in revenues of just under $2.1 billion in the January-June 2017 period, an increase year on year of 13%.

In terms of volume, Skechers said only that it had achieved an increase of 11.4% in the number of pairs of shoes it shipped in its wholesale business in the US, but it failed to give a figure for the number of pairs of shoes involved. It did say that the average price per pair decreased by 4.5% in this part of the business.

Chief operating officer, David Weinberg, said on announcing the figures that 48% of Skecher’s revenues now come from outside the US. He added: “We believe the greatest opportunity for expansion is internationally, and we are investing in our infrastructure and marketing to support this progress.”


Related stories:

Skechers banks on its international business 22/07/2019
Skechers maintains momentum in first quarter 26/04/2019
Another record year for Skechers 13/02/2019
International sales are “greatest growth opportunity” for Skechers 25/04/2018
“Monumental year” for Skechers 20/02/2018
Skechers profits from focus on international business 24/10/2017

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