(SKX) Skechers U.S.A. – Bear of the Day
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Stock Blog Hub
Posted on January 13, 2011 at 13:12 PM EST
Skechers U.S.A. (SKX) third-quarter 2010 results missed the Zacks expectations for the top and bottom lines, reflecting sluggish sales trends and order cancellations. Consequently, total inventories increased 70.3% to $326.7 million over the prior-year quarter. Management hinted that extended delivery times also led to the inventory pile-up. However, Skechers indicated that it would try to [...] (SKX) Skechers U.S.A. – Bear of the Day
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