Skechers Stock Soars 45% in a Year: What's Next for Investors?
Skechers(SKX) ZACKS·2024-08-27 21:45
Skechers U.S.A., Inc. (SKX) has seen a substantial surge in its stock price over the past year, climbing 45.3% and significantly outperforming the Zacks Shoes and Retail Apparel industry’s steep decline of 12.4%. The company's success can be attributed to its investments in omnichannel capabilities, infrastructure and global market expansion, which have driven notable growth in both its wholesale and direct-to-consumer (DTC) segments.This strategy, coupled with SKX's dedication to product innovation and its ...