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Skechers Stock Falls on Poor Domestic Sales

Mirroring the reaction to Nike’s weak North American sales, investor concerns regarding Skechers’ poor domestic performance sent its stocks falling during early trading Thursday morning—despite the footwear retailer posting record sales in the first quarter. In a Nutshell: In its Q1 financial report, Skechers celebrated a quarterly sales record and a period of international expansion. However,…

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