Skechers Reopens Stores, Invests in Distribution
Skechers provided color on the company’s rebounding sales in Asia and capital expenditures during a virtual fireside chat with Morgan Stanley today. It described two different economies between the Asia region versus North America and EMEA, as DTC brick-and-mortar and its franchise partners are nearly 100% up and running in China. China just had a “significant holiday weekend” and sequential improvement, with units slightly outpacing top line sales as more discounting is in place than normal for the season. E-commerce continues to outperform year-over-year, and SKX expects China to return to a normal growth rate by the end of the ... Log in to view full article.