skechers usa inc-cl a (SKX) Key Developments
Skechers Provides Revenue Guidance for the Year 2014 and Provides Sales Guidance for the Year 2015
Dec 14 14
Skechers announced that it expects its revenue to approximately reach USD 2.4 billion in 2014 compared with USD 1.84 billion in 2013, while their revenue in the GCC would hit USD 95 million compared with USD 50 million in 2013.
The company is forecasting that their sales would be between USD 2.8 billion to USD 3 billion in 2015.
Skechers May Consider Acquisitions
Dec 13 14
Skechers USA Inc. (NYSE:SKX) is not planning to grow through acquisitions at present, but it is considering it. “We are not in the acquisition mode because we believe our focus should be on Skechers and there’s tremendous growth opportunities within Skechers. So we can continue to grow organically for years to come, but I would not rule out that acquisitions won’t happen,” Said Michael Greenberg, President of Skechers.
Skechers to Open 142 New Stores in Gulf Cooperation Council by 2018
Dec 13 14
Skechers is investing between $27 million and $30 million to open new stores across the Gulf Cooperation Council (GCC) countries. Skechers is planning to open 142 additional stores, bringing the total to 180 by 2018, on the back of strong sales. The company has 1,000 stores globally and aims to have around 2,000 by 2018.
SKECHERS USA Opens New Retail Store in Mexico City, Mexico
Nov 21 14
SKECHERS USA Inc. has announced the opening of a new retail store in Mexico City, Mexico. By the end of 2014, an additional 35-45 SKECHERS stores will open worldwide bringing the total to approximately 1,050 stores. The look and feel of the SKECHERS company-owned and franchisee stores is consistent around the world.
SKECHERS USA, Inc Opens Thousandth Retail Store
Nov 12 14
SKECHERS USA Inc. announced the opening of the one thousandth SKECHERS retail store. A new SKECHERS retail store that opened in California in 2014. The far-reaching locations of SKECHERS stores around the world illustrate the extensive global reach of the brand across six continents and more than 75 countries. The company hit the thousandth store mark with the opening of a new store in Mexico City, preceded by an additional store opening in Mexico earlier and two in California.