Skechers dropped sales
20.02.2012 1779

Skechers dropped sales

Skechers announced a decrease in net sales by 37,7% in the fourth quarter of 2011, which affected the value of the retailer’s shares - they fell by 4%.

“We are seeing a noticeable drop compared with the record high for the 4 quarter of 2010 of the year. This is due to the fact that a year ago the prices for our tonic sneakers were noticeably higher. Now the demand for them has fallen sharply, which, of course, affected the business. Plus, economic difficulties persist in many markets, ”the company says. Net sales of Skechers in the 4 quarter of the 2011 year amounted to $ 283.2 million (compared with $ 454.6 million a year earlier).

At the end of last year, Skechers was at the center of the scandal. The sports shoes company was accused of cheating customers. Experts in the United States concluded that her tonic running shoes are not able to pump up the buttocks and calves. After this incident, Skechers had to pay a large fine, writes fashionunited.ru.
Skechers announced a drop in net sales by 37,7% in the fourth quarter of 2011, which affected the value of the retailer’s shares - they fell by 4%.

Latest News

The pandemic has sent Peter Kaiser to the threat of bankruptcy

Peter Kaiser has filed a petition with the Pirmasens District Court to develop an action plan to avoid bankruptcy proceedings. According to the company's managers, Peter Kaiser led to a pre-bankruptcy state of quarantine in ...
17.09.2020 224

Vans unveils collaboration with MoMA in New York

The design of the Vans x MoMA collection, which consists of shoes, clothes and accessories, is inspired by the works of outstanding artists presented in the MoMA Museum, including Salvador Dali, Wassily Kandinsky, Lyubov Popova, Claude Monet, Edvard Munch, Jackson ...
17.09.2020 332

Warm models have appeared in the Crocs line of clogs

As we wrote earlier, the American brand noted an explosive growth in sales of its clogs during the summer months of quarantine, and apparently, in order not to lose the gained momentum, decided to offer consumers an autumn version of its popular model.
17.09.2020 329

Swims collection adds new cane umbrellas

With the onset of autumn and the rainy season, the Norwegian rubber shoe brand Swims has traditionally stepped up its activities, adding new footwear and accessories to its collection. This time the collection has been replenished with a new line of umbrellas in ...
15.09.2020 390

Revenue of Obuv Rossii Group of Companies in the first half of 2020 decreased by 26,4%

The amount of revenue of Obuv Rossii Group of Companies in the 1st half of 2020 decreased by 26,4% to RUB 3,963 billion. compared to 5,384 billion rubles. in the 1st half of 2019. • The net loss amounted to RUB 0,306 billion, says the financial report of Obuv Rossii Group of Companies.
15.09.2020 604
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning