299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
Oct 23, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Strong international sales boost Skechers to another record quarter

Published
Oct 23, 2019

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 © 2024 FashionNetwork.com All rights reserved.