Skechers Gains 26% in a Year on Strategic Initiatives: An Opportunity?
Skechers(SKX) ZACKS·2024-11-11 21:21
Skechers U.S.A., Inc. (SKX) shares have surged 26% over the past year, significantly outperforming the Zacks Shoes and Retail Apparel industry’s decline of 11.6%. The company responds to shifting consumer preferences by investing in omnichannel capabilities and infrastructure, and expanding its global market reach, leading to substantial growth in both its wholesale and direct-to-consumer (DTC) segments.This approach, along with SKX’s commitment to innovation in product development and a keen focus on inter ...