11/26/12

Web sales rise 23% for Skechers in Q3

Total revenue and earnings also were up for the quarter.

Bill Briggs , Senior Editor

It was a better third quarter online for Skechers USA Inc., but year-to-date e-commerce revenue remained flat.

For the quarter ended Sept. 30, Skechers, No. 441 in the 2012 Internet Retailer Top 500, reported:

E-commerce accounted for 1.3% of sales, compared with 1.1% in Q3 2011.

“We are pleased with our continued improvements in financial performance and the positive response to our new products,” says Robert Greenberg, CEO at the shoemaker and retailer.

New products from the company’s performance division include running, walking and training footwear under its “GO” product line label.

For the first nine months, Skechers reported:

The web accounted for 1.3% of sales, compared with 1.2% in the first nine months of 2011.

Topics:

2012 q3 earnings, Robert Greenberg, shoe manufacturer and retailer, Skechers, Skechers earnings, Skechers Q3 earnings, Top 500

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