Manhattan Beach, California – Skechers, the global footwear giant, generated sales of $1.35bn in the third quarter of 2019. This is up 15% on the same period in 2018.
Skechers sales strolled ahead in Q3 2019
Gross profit across the business rose by 13%, reaching $635m in the third quarter of 2019.
David Weinberg, Skechers' CEO, said his company 'achieved a new quarterly sales record'. This was attributed to the company's international business. Wholesale sales increased by 21.7% and direct-to-consumer sales by 22.3% in the quarter.
The company is investing in logistics and inventory to meet the growing demand. 'We believe the momentum will continue in the fourth quarter and into 2020,' Weinberg said.