Interviews
News Flash
US firm Skechers aspires to generate $1 bn in India revenue
15 Feb '18
1 min read
Operations in India can generate $1 billion in revenues through rapid expansion of stores and newer categories, according to US lifestyle and footwear brand Skechers CEO David Weinberg. Though it is a bit more difficult to get started in India, but the brand is resonating, he said. The company now does business worth less than $100 million in the country.
Weinberg said the company’s India operations turned profitable last year for the first time, according to a report in a top Indian economic newspaper.
Skechers entered India in 2012 through a joint venture with the Future Group and has been doubling its business and plans to add its own manufacturing units and newer categories. To offset the weakness in the US market, which has been growing in mid-single digit, it is targeting high-growth foreign markets. (DS)
Weinberg said the company’s India operations turned profitable last year for the first time, according to a report in a top Indian economic newspaper.
Skechers entered India in 2012 through a joint venture with the Future Group and has been doubling its business and plans to add its own manufacturing units and newer categories. To offset the weakness in the US market, which has been growing in mid-single digit, it is targeting high-growth foreign markets. (DS)
Fibre2Fashion News Desk – India
Popular News
Leave your Comments
Editor’s Pick
Ata Turgutalp
Eliar Elektronik San. A.S.
Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
Anita Dongre & Yash Dongre
House of Anita Dongre Limited
Ritesh Kamani & Neha Kamani
Brand - Khalighata
Alex and Zofia Torun-Shaw
Brand - Laird Utility
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
