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Skechers Stock On Mend Amid Brisk E-Commerce Sales, Strong Growth In China

INVESTOR'S BUSINESS DAILY and JAMES DETAR
·2-min read
Skechers Stock On Mend Amid Brisk E-Commerce Sales, Strong Growth In China

Skechers saw its stock Relative Strength (RS) Rating climb to 71 Wednesday, up from 63 the day before, as retail prospects improve in the wake of the Covid-19 market crash. The apparel and shoes group that Skechers is in has a strong B+ rating on an A-E scale with A the best. Skechers, which makes and sell men's, women's and children's athletic, casual and dressy shoes, reported a 2.7% drop in sales for the first quarter, to $1.24 billion.

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