Skechers (SKX) Stock Gains 26% in Past Year: How to Play Ahead?
Skechers(SKX) ZACKS·2024-08-19 23:21
Skechers U.S.A., Inc. (SKX) has experienced a remarkable jump in its stock price over the past year. The stock has rallied 26.1%, comfortably outpacing the Zacks Shoes and Retail Apparel industry’s sharp decline of 16.6%. The company adapts to evolving consumer preferences by investing in omnichannel capabilities, infrastructure and global market penetration, resulting in significant gains in both wholesale and direct-to-consumer (DTC) segments.This approach, along with SKX’s commitment to innovation in pro ...