Skechers achieves record revenues

Endaba Group

Skechers USA, Inc. have announced record financial results for its first quarter ended March 31, with record revenues just shy of $1 billion. Net sales increased 27.4% to $978.8 million and the brand’s COO and CFO David Weinberg explained that the demand for Skechers products has significantly increased. Skechers have been investing in their infrastructure to meet the high demand, and they shipped a record 3 million pairs of shoes during February from their newly structured European Distribution Center. Skechers now have a total of 1,414 retail stores and are also seeing international success with 1,017 of these in international markets.