3/05/14

E-commerce sales at Skechers increase 24.2% in 2013

Total sales grew 18.3% for the shoe manufacturer.

Jon Love , Associate Editor, Research

Rebounding from two years of total sales decreases, Skechers USA Inc. increased its sales nearly 19% in 2013 and posted the second-highest fourth quarter sales in its history, helped by  a healthy surge in e-commerce and international sales.

For the year ended December 31, Skechers, No. 471 in the Internet Retailer Top 500 Guide reported:

“The momentum we experienced in the first nine months of 2013 continued in the fourth quarter, which resulted in the second-highest fourth quarter sales in the company’s history,” says David Weinberg, chief operating officer and chief financial officer. “The growth is related to the strong product successes we are experiencing across our men’s, women’s, and kids’ categories, which resulted in double-digit increases in our company-owned retail and domestic wholesale businesses, and single-digit increases in our international and e-commerce businesses.

For the fourth quarter, Skechers reported:

Skechers does not report online sales by quarter.

Topics:

2013 earnings, 2013 financials, business finance, David Weinberg, e-commerce sales, online sales, Q4, shoe manufacturer, Skechers, Skechers USA Inc.

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