Skechers Sees China Headwinds Tapering Off
Skechers still has the international market pegged as the keystone on its path to $10 billion in sales by 2026 despite continued lockdown headwinds in China, where a “2020-esque” bounceback has not materialized from the latest rounds of restrictions. SKX told the Goldman Sachs Global Retailing Conference that it expects the PRC to turn a corner within two quarters. The company will continue its investment in that market with a second owned DC by year’s end. It will then look to grow its footprint beyond Tier 1 and 2 cities and ... Log in to view full article.