Skechers Launches New Operations In The Philippines

  • Skechers USA Inc SKX has transitioned its operations in the Philippines from a third-party distributor to Skechers USA Philippines Inc.
  • The company said it is reestablishing the brand by setting up new offices in Manila and implementing a distribution center.
  • Skechers plans to introduce new product categories and open more retail locations in 2022.
  • “The Philippines has immense potential for Skechers, and with our dedicated team focused on growth and delivering the integrated capabilities of Skechers, we believe this step accelerates that potential,” said COO David Weinberg.
  • Skechers’ prior distributor in the Philippines, Trendworks International, will continue to sell Skechers products through the end of 2021.
  • Price Action: SKX shares closed lower by 3.67% at $40.16 on Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!