Skechers halved its inventory of toning shoes by selling 2...

2011-08-07T00:00:00

Skechers halved its inventory of toning shoes by selling 2 million pairs of original Shape-up models at a $21 million loss. The shoes were predominantly sold to one big account. The company booked an additional charge of $4.4 million on the rest of the stock, comprising less than 2 million ...

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