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Skechers Beats Wall Street Estimates Despite 42% Sales Slide

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Skechers’ second-quarter results are in—and they reveal a complicated three-month stretch. The footwear company saw net sales decline 42 percent to $729.5 million and net income drop 190.6 percent to a $68.1 million loss, while also seeing e-commerce sales on its own sites skyrocket 428.2 percent. The total sales outperformed expectations from Wall Street, with…

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