Skechers (SKX)

[admin]

There is obviously a model shift happening at skechers. Thru q2 2016, domestic wholesale business is up 2%, international wholesale is up 40% and company owned retail is up 18%. Selling thru US department store chains is pretty stagnant, the good news of that is that the domestic wholesale channel is the lowest gross margin of their 3 divisions at 37%. Company owned retail gross margin is 60%(no middle man) and international wholesale at about 43%. China margins are probably in the 45% range.

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