Skechers maintains momentum in first quarter - sportstextiles: Lea SportsTextiles

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Skechers maintains momentum in first quarter

26/04/2019
US footwear brand Skechers achieved sales of $1.28 billion in the first quarter of 2019 (three months ended March 31), an increase of 2.1% compared to the same period of the previous.

The company’s strength was in its international business, for which sales increased 9.3%. Its domestic business was less impressive, with revenue down 6.3% year-on-year. 

“The momentum we experienced in 2018 is continuing as we again achieved a new quarterly sales record in the first quarter of 2019,” said Robert Greenberg, chief executive officer of Skechers. “Our focus has been on designing and delivering relevant product across all genders and categories and supporting it with targeted marketing for our diverse consumer base.”

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