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17/7/2013
Textile Industry Labels to Watch
11/14/2014 sb
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Due to unusually strong sales and profit growth in the first half of fiscal 2014, the US shoe company Skechers wants to accelerate its retail expansion. So you want to open in the second half of the year in the US 40 to 50 company-owned stores. By comparison, the entire fiscal year 2013 had opened Skechers regular and outlet sb stores worldwide total of 47, and in the second sb quarter sb of 2014 were added 16 more. The retail expansion follows an exceptionally strong first half, in which the company from Manhattan Beach / California its revenues by 29% to over $ 1.13 billion (840 Mill. ) increased. Parallel to this, the net profit of about 13 million. sb Dollars increased fivefold in the same period last year to nearly 66 million. Dollars. Was particularly sb strong second quarter. Thus, the turnover of the group climbed 31% to 587 million. Dollars, and the net gain of 7 to nearly 35 million. Dollars. The reason for the strong growth COO David Weinberg calls the extraordinarily good sell very fashionable product innovations, some of which were at significantly higher prices over the counter. sb So the sales in the company's stores in the quarter sb were up 14% like for like. For the second half of Skechers expect a similar development.
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