USA: Skechers Reports Year-End Backlog Up 83 Per Cent
SKECHERS USA, Inc, a footwearcompany, today announced that its backlog of incoming orders as of December 31, 2000 was $221.6m, 82 per cent ahead of $121.7m last year. This was achieved on top of a particularly strong increase of 62 per cent at the end of 1999. "Our Spring merchandise hit the mark with retail customers, fueling a record increase in year-end backlog," said Robert Greenberg, chairman and chief executive officer. "Consumer demand for the SKECHERS brand continues to drive strong sell-through across all of our product categories. We rounded out the year with a strong increase in sales for the fourth quarter at SKECHERS' stores, achieving a full-year comparable store sales gain of more than 20 per cent."
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