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Skechers Shares Drops As Back-To-School Season Wraps

2014-09-17 20:23:30| Footwear - Topix.net

Sterne Agee, citing SportScanInfo data, said last week's sales for the casual and athletic shoemaker rose just 13.3% from a year earlier, far weaker than the 37.3% rise in the prior eight weeks. But Sterne Agee analyst Sam Poser said it's a temporary blip for Skechers, resulting from an abrupt end to hot back-to-school season sales: "Wind-down of back to school is not a reason to worry."

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