Skechers bets on the middle class to sprint to $1 bilion in India revenue – Feedback

USA lifestyle and footwear brand Skechers said India could generate a billion dollar in revenues, helped by rapid expansion of stores and newer categories.

“We do believe it (India) can be a multi-hundred million dollar country for us, maybe even close to a $1 billion for us as we take hold and build through what’s a massive population as the middle class grows,” David Weinberg, chief operating officer at Skechers said in an investors call. “Right now, we do less than $100 million”.

https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/skechers-bets-on-the-middle-class-to-sprint-to-1-bilion-in-india-revenue/articleshow/62893800.cms

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