Supply Chain Costs to Normalize in 2023
The Global Small Business Blog
MARCH 22, 2023
©iStock/Wirestock Last year, footwear brand Skechers's margins were clipped by high supply chain costs, despite its attempt to raise prices. This year Skechers expects supply chain costs to normalize as shipping prices come down, developments that will ease margin pressure and propel the brand to its goal of $10 billion in annual sales by 2026, the company’s CFO John Vandemore said at the UBS Consumer and Retail Conference on Wednesday.
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