Skechers reported a 24% year-over-year increase in inventory for Q3 2024, largely due to higher stock levels in China and in-transit goods. Despite this increase, executives are optimistic about the inventory composition and its mobility across markets. CFO John Vandemore noted that while some locations have higher than planned inventory, much of it is new. With a 12% sales increase in 2024, Skechers isn’t facing distribution center backups and will assess sales during China’s Singles’ Day holiday before reallocating excess stock. Retailers overall expect to be well-prepared for the holiday season.

Source: https://www.supplychaindive.com/news/skechers-holiday-inventory-Q3-earnings/731442/