The company's joint venture sales grew by 62.4%, led by double-digit gains in China. China sold 3.7 million pairs in the quarter, up 61% from last year. The number of retail stores where you can buy a pair of Skechers in China is now 2,235, up 44% from a year ago. Not only are the brick-and-mortar sales going great in China, e-commerce growth is on fire. Skechers e-commerce in China saw "triple-digit" growth which was the 7th quarter in a row of "high-double-digit" or "triple-digit" growth.
In order to support the projected $500 million of revenue in China this year, Skechers is building a distribution center in China and spent $20 million on land in the quarter to get this important node in the supply chain up and running. As I covered in this article, management wanted to break ground on this facility in 2017, and the company seems to be on track to accomplishing that goal.
3 Things Skechers Management Wants You to Know -- The Motley Fool