×
515
Fashion Jobs
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
TOO FACED
Too Faced Business Manager - Boots Brentwood, UK
Permanent · BRENTWOOD

Strong international sales boost Skechers to another record quarter

Published
today Oct 23, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Manhattan Beach, California-based footwear company Skechers USA, Inc. reported record third-quarter sales and improved earnings on Tuesday, with particularly strong growth seen in its international business.


The fastest-growing segment at Skechers in Q3 was international wholesale - Instagram: @skechers

 
For the third quarter ended September 30, 2019, Skechers’ total sales rose 15.1% to $1.35 billion, up from $1.18 billion in the prior-year period. In constant currencies the rise was 17.2%.
 
Progress was led by Skechers’ international business, which has operations in countries including Germany, the UK, Spain, India, the U.A.E., China, Russia and Japan, and posted a 21.9% increase in sales (25.7% in constant currencies). By comparison, the company’s domestic business reported a 6.7% rise.

By segment, sales rose 21.7% in the international wholesale business and 13.3% in the direct-to-consumer business, with slower growth of 5.0% seen in domestic wholesale.
 
Skechers’ quarterly comparable sales, which include sales made through both company-owned stores and e-commerce, rose 7.7%, reflecting a 6.8% rise in the U.S. and a 9.9% increase internationally.
 
Thanks to this progress, the company’s net earnings for Q3 totaled $103.1 million, or $0.67 per diluted share, up from $90.7 million, or $0.58 per diluted share.
 
Year to date, Skechers’ net sales increased 9.2% from $3.56 billion to $3.89 billion, while net earnings rose from $253.7 million ($1.62) to $287.0 million ($1.86).
 
“Skechers is firing on all cylinders. Our global marketing efforts are creating awareness and generating demand. Our product is innovative, relevant and comfortable,” commented Skechers CEO Robert Greenberg in a release. “We believe our holiday sales will be stronger across all channels of our business, and we’re looking forward to 2020 and the launch of our first campaign with Los Angeles Dodgers pitcher Clayton Kershaw.”
 
Looking forward to the fourth quarter, the company expects to report sales in the range of $1.225 billion to $1.250 billion and earnings per share of between $0.35 and $0.40.
 
Having opened 185 locations and closed 50 over the course of Q3, Skechers finished the quarter with a total of 3,307 stores around the world, of which 779 are company-owned.

Copyright © 2020 FashionNetwork.com All rights reserved.