Skechers has outlined a plan for profit growth - Joseph Lazzaro

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1 pt	Skechers has outlined a plan for profit growth
	Mar 27, 2008 05:58 PM UTC

Joseph Lazzaro

Return	Risk
-41.09%	LOW

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Symbol	Sentiment	Start	Return	Closed
SKX		03/27/08	-53.11%	--

Via BloggingStocks:

Filed under: Stocks to Buy

The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth reviewing is Skechers.

Skechers USA Inc. (NYSE: SKX) designs and markets contemporary footwear for men, women and children under seven individual brands, including the Skechers, Michelle K, and Somethin' Else names.

In general, analysts expect adequate same store sales gains in FY 2008 for Skechers' 150 company-owned stores, and via department store distribution. Analysts also expect new product introductions to proceed cautiously, as the footwear sector braces for continued discretionary spending reductions by U.S. consumers, due to the sluggish U.S. economy.

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Skechers U.S.A. Inc. (SKX)

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