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Citigroup Singled Out These 2 Retailers As 'Being Concerned' Over Port Closures

2015-02-20 01:00:43| Footwear - Topix.net

In a report published Thursday, Citigroup analyst Kate McShane commented that both Steven Madden, Ltd. and Skechers USA Inc are "concerned" that the West Coast Port closures could "curtail" this full-price selling season, which is already shorter due to an earlier Easter. McShane noted that Steven Madden is seeing some shipments delayed by as much as five weeks, while Skechers noted a three-week delay in some instances with delays affecting both its retail and wholesale businesses.

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