Skechers dropped sales
20.02.2012 2842

Skechers dropped sales

Skechers announced a 37,7% drop in net sales in the fourth quarter of 2011, which was reflected in the retailer's stock price, which dropped 4% in value.

“We see a noticeable drop from the 4Q2010 record high. 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. Skechers reported net sales of $ 4 million in Q2011 283.2 (up from $ 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 37,7% drop in net sales in the fourth quarter of 2011, which affected the value of the retailer's shares - they fell in price by ...
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