Trendy footwear company Skechers USA Inc on Thursday revealed it swung to a second quarter loss as its performance was hampered by higher advertising costs and falling sales amid tough trading conditions. The California-based company reported a net loss of $2.1 million, or six cents per share, versus a year-ago profit of $21.3m, or 52 cents a share, in the year-ago period as sales for the 13 weeks to June 30 slumped to $229.3m from $256.7m.
USA: Skechers Swings To Q2 Loss, Sales Down
Get full access to all content, just $1 for 30 days
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 19 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Create sourcing plans that work
Find new apparel sourcing destinations, assess trade flows and manage tariffs. All in one place.
Most Popular
Insights
- US apparel imports feel weight of China tariffs
- Digital product creation – Key steps to success
- UK fashion manufacturers must consolidate or die
- Business Transformation – Move beyond the buzzword
- Eco-friendly investments for a sustainable profit
News
- Garment worker killed in Bangladesh factory blast
- US Q3 in brief – Vince Holding Corp
- M&S Founders Factory invests in fashion start-ups
- Fashion pilot to produce first circular polybag
- US apparel groups hail deal on USMCA trade pact
Market research
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..
MAGAZINE