Maybe I'm dating myself, but I remember when Skechers
But Sketcher's abundant products aren't producing abundant sales.
The company took a few steps backward in both sales and earnings -- whoops, make that losses -- for Q4 and full-year 2003. Let's get the homely figures out of the way. For the fourth quarter, net sales dropped 3% to $175.3 million, and losses widened 43% to $0.33 per share. For the full year, Skecher's sales sunk 11.4% to $835 million. Compared to last year's $1.20 per share earnings, 2003's bottom line reads negative $0.31 per stub.
Given the robust retail rebound reported by diverse outfits, from Wal-Mart
It's not that I'm without compassion. Skechers walks some mean streets in a tough biz. Hey, would you want to try to anticipate fashion trends of today's teens? Competition abounds. In the sporty shoe category, giant Nike
Fashion-challenged? Clodding about town in jelly sandals? Get help in the Fool's What to Wear discussion board.
Seth Jayson lost his street cred when he traded in his clunky boots for a pair of sensible walking shoes with a nice wing tip. He has no stake in any company mentioned above.