×
2 034
Fashion Jobs
SHISEIDO
Bareminerals Account Manager - Boots Stratford (37.5 Hours)
Permanent · London
SHISEIDO
Nars Business Manager - Fenwick Newcastle (37.5 Hours)
Permanent · Newcastle upon Tyne
SHISEIDO
Account Manager - Boots Hammersmith (22.5 Hours)
Permanent · London
GUCCI LIMITED
Gucci Stock Manager
Permanent · LONDON
NIKE
Purpose Marketing Manager, London
Permanent · London
NIKE
Agile Marketing Manager, London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis- 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Demand Planner - The Estée Lauder Companies
Permanent · London
SHISEIDO
Bareminerals Account Manager - Boots, Edinburgh Gyle (30 Hours)
Permanent · Edinburgh
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols Manchester (37.5 Hours)
Permanent · Stretford
SHISEIDO
Bareminerals - Account Manager (30 Hours)
Permanent · Edinburgh
V. F. CORPORATION
Manager, Strategic Accounts - Dickies Emea
Permanent · LONDON
VANS
Credit Controller - Spanish Speaking - Vans
Permanent · CALVERTON
VF INTERNATIONAL
Multilingual Credit Controller - Key Accounts (English Plus Any European Language)
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Location - 15Hours / 3 Days - Part-Time, Permanent
Permanent · Exeter
ESTÉE LAUDER
Clinique - Consultant - Sutton Coldfield, Beatties - 15 Hours - Part-Time, Permanent
Permanent · The Royal Town of Sutton Coldfield
ESTÉE LAUDER
Clinique - Consultant - Leicester, Boots - Fosse Park - 15 Hours - Part-Time, Permanent
Permanent · Leicester
YVES SAINT LAURENT UK LIMITED
Saint Laurent HR Manager UK, Ireland & Netherlands
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hof Bluewater (35 Hours)
Permanent · Dartford
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols, Edinburgh
Permanent · Edinburgh
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
Advertisements
Published
Apr 23, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Skechers profit doubles on record sales

Published
Apr 23, 2021

American footwear company Skechers U.S.A., Inc. reported net earnings of $98.6 million for the first quarter on Thursday, an increase of 100.8% from $49.1 million in the same period in the previous year, thanks to strong sales that the group described as a Q1 record. Diluted net earnings per share for the quarter were $0.63, up from $0.32 in the prior-year period.


Skechers saw particularly strong growth in its international wholesale channel - Instagram: @skechers

 
In the first quarter ended March 31, 2021, the company’s net sales totaled $1.43 billion, increasing 15.0% year over year from $1.24 billion.
 
According to Skechers CEO David Weinberg, the company saw a 20.2% increase in Q1 revenues in its international business and an 8.5% increase in its domestic sales, compared to the first quarter of 2020.

Growth was driven by a 23.8% rise in international wholesale, which was led by triple-digit growth in China. Skechers also saw an 18.1% increase in sales in its direct-to-consumer business and an impressive 143.0% rise in domestic e-commerce.
 
The company’s domestic wholesale channel, on the other hand, posted a 0.9% decline, due to the timing of shipments during the quarter.
 
“Skechers new sales record in the first quarter is a remarkable achievement, especially given the lockdown measures in many key countries, including across Europe,” said Skechers CEO Robert Greenberg in a release.
 
“This significant growth is the result of continued demand for Skechers product as consumers desire comfort and quality in their footwear and walking remains a top COVID-19 pandemic activity,” he added. “With warmer weather and increased vaccination rates around the world, traffic is improving in many of our retail stores, and our digital business continues to be a very strong growth driver.”
 
Looking forward, Skechers expects to achieve annual sales of between $5.8 billion and $5.9 billion in the full fiscal year 2021, and diluted earnings per share of between $1.80 and $2.00. For the second quarter, the company predicts diluted earnings per share in the range of $0.40 to $0.50, on revenues of between $1.45 billion and $1.50 billion.
 
Skechers currently has 3,891 stores, including 523 domestic locations, 331 international stores, 467 joint venture stores and 2,570 locations run by distributors, licensees and franchisees.

Copyright © 2021 FashionNetwork.com All rights reserved.