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Skechers Beats Wall Street Estimates Despite 42% Sales Slide

From new denim constructions, weights and washes to the steps global mills are taking to reduce impact, Rivet's SS23 In Season Look Book: Denim & Trims has everything you need to know for a successful denim season.

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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