Skechers Cautious About Singles Day Sales in China -- Market Talk

Dow Jones

2024-10-25

1838 ET - Skechers's sales performance in China remained under pressure in the latest quarter as it deals with higher inventory levels in the country. The shoe maker saw a 5.7% decline in sales in China, coming below initial management expectations for the quarter, Operating Chief David Weinberg says on a call with analysts. "We have modest expectations for the balance of the year, including Singles day," the biggest shopping day in China. Still, Skechers opened 20 company-owned stores in China during the third quarter, and has so far opened 4 new locations in the current quarter. Shares rise 5.5%, to $65, in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

October 24, 2024 18:38 ET (22:38 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The shoe maker saw a 5.7% decline in sales in China, coming below initial management expectations for the quarter, Operating Chief David Weinberg says on a call with analysts. \"We have modest expectations for the balance of the year, including Singles day,\" the biggest shopping day in China. Still, Skechers opened 20 company-owned stores in China during the third quarter, and has so far opened 4 new locations in the current quarter. Shares rise 5.5%, to $65, in post-market trading. 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(sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 24, 2024 18:38 ET (22:38 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKX","symbol_name":"斯凯奇","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2478690998","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478690998","pubTimestamp":1729809480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1838 ET - Skechers's sales performance in China remained under pressure in the latest quarter as it deals with higher inventory levels in the country. The shoe maker saw a 5.7% decline in sales in China, coming below initial management expectations for the quarter, Operating Chief David Weinberg says on a call with analysts. \"We have modest expectations for the balance of the year, including Singles day,\" the biggest shopping day in China. Still, Skechers opened 20 company-owned stores in China during the third quarter, and has so far opened 4 new locations in the current quarter. Shares rise 5.5%, to $65, in post-market trading. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SKX":"斯凯奇"},"translate_title":"斯凯奇对光棍节在华销售持谨慎态度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKX":0.9},"content_text":"1838 ET - Skechers's sales performance in China remained under pressure in the latest quarter as it deals with higher inventory levels in the country. The shoe maker saw a 5.7% decline in sales in China, coming below initial management expectations for the quarter, Operating Chief David Weinberg says on a call with analysts. \"We have modest expectations for the balance of the year, including Singles day,\" the biggest shopping day in China. Still, Skechers opened 20 company-owned stores in China during the third quarter, and has so far opened 4 new locations in the current quarter. Shares rise 5.5%, to $65, in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 24, 2024 18:38 ET (22:38 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}