Skechers to reach 8 billion in sales by 2023
Cassidy STEPHENS
In the first half of its 2023 financial year, the American footwear brand Skechers
Over the period, Skechers recorded a decline in sales of $24 million, or 1%, in its multi-brand network, impacted by the performance of the Americas region, where wholesale sales were down 15.9%. By contrast, sales in Europe, the Middle East and Africa (EMEA) were up 14.6%, and those in Asia-Pacific were up 19.2%. Direct sales increased by $351 million (€319 million) to 27.1%. The EMEA region alone saw direct consumer sales jump by 40.4%.
Finally, for the first half of the year, Skechers posted net profit of 313.2 million dollars, up 48.1%.
Skechers, which has 4,705 shops worldwide, estimates that its sales for the 2023 financial year should be between 7.95 billion and 8.1 billion dollars (7.36 billion euros).
