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Skechers launches Latin America subsidiary

2015-08-11 18:12:00| Daily apparel & textile news and comment - from just-style.com

Footwear business Skechers USA has launched a new subsidiary in Latin America, transitioning the business from a third-party distributor.

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SKECHERS Launches New Subsidiary in Latin America

2015-08-11 16:10:49| Footwear - Topix.net

SKECHERS USA, Inc. , a global leader in the lifestyle and performance footwear industry, today announced that the Company is transitioning its business in Latin America from a third-party distributor to a wholly-owned subsidiary, SKECHERS Latin America LLC. The subsidiary will oversee more than 30 countries in the region, including the four key markets of Panama, Peru, Colombia and Costa Rica. Building on its nearly 20 years of business in Latin America, SKECHERS plans to grow its operations and footprint - transitioning 21 SKECHERS stores in the region to subsidiary-owned and -operated locations, looking at new retail destinations and expanding its account distribution base.

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Recent Investment Analysts' Ratings Changes for Skechers USA

2015-08-11 12:29:27| Footwear - Topix.net

They now have a "buy" rating on the stock. 7/30/2015 - Skechers USA had its price target raised by analysts at Monness Crespi & Hardt from $125.00 to $160.00.

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Sterne Agee CRT Increases Skechers USA Price Target to $185.00

2015-08-08 23:26:16| Footwear - Topix.net

The brokerage presently has a "buy" rating on the stock. Sterne Agee CRT's price objective points to a potential upside of 20.21% from the stock's previous close.

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Skechers May Stagnate For A While

2015-08-02 19:46:47| Apparel - Topix.net

Fundamentally the stock is fairly valued on next year's earnings estimates and earnings growth potential while having great near- and long-term earnings growth expectations. The stock has moved up too quickly and it wouldn't surprise me if it gives up some gains in the coming week.

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