Skechers Beats Expectations in Q4 Despite a 23% Drop in China Sales, Hits Annual Sales Record
Skechers’ shares were down on Thursday afternoon as the comfort-footwear brand revealed a sales drop in China in the fourth quarter. Just last week, analysts upgraded the footwear stock as inventories level out and sales momentum persists in a newly reopened China, a major region for Skechers. Skechers sales in China dropped 23% in the fourth quarter, […]