The American footwear brand has announced their financial results for the fourth quarter and full year ended December 31, 2020.
The company has recorded sales of $1.32bn which is a slight decrease of 0.5 per cent year on year, as a result of a 2.8 per cent decrease in the company’s domestic sales partially offset by a 1.1 per cent increase internationally. David Weinberg, Chief Operating Officer at Skechers described this as a “significant accomplishment during this challenging time and a testament to the strength and relevant of {the Skechers} brand.”
Robert Greenberg, Chief Executive Officer of Skechers, commented: “For Skechers, 2020 began with positive momentum following a year of record sales, but the global pandemic put us to the test. This past year, we were forced to act and react faster and continue to do so given the on-going health crisis.
“Remaining authentic was paramount in 2020, but the challenges we faced last year and are still facing in 2021, have created an even more agile and focused company—one with products that will remain in-demand during the ongoing crisis and beyond.”
