• About
  • Contact Us
Logistics Asia
previous arrow
next arrow
  • Home
  • News
  • Carriers
    • 3PL
    • Courier and express
    • Last mile delivery
    • Freight forwarding
    • Multimodal transport
  • Supply Chain
    • AI and data solutions
    • Cold chain logistics
    • E-commerce
    • Risk management
    • Sustainability
    • Warehousing
  • Transportation
    • Air transport
    • Land transport
    • Maritime transport
  • Multimedia
    • Videos
    • Podcasts
  • Contact
No Result
View All Result
  • Home
  • News
  • Carriers
    • 3PL
    • Courier and express
    • Last mile delivery
    • Freight forwarding
    • Multimodal transport
  • Supply Chain
    • AI and data solutions
    • Cold chain logistics
    • E-commerce
    • Risk management
    • Sustainability
    • Warehousing
  • Transportation
    • Air transport
    • Land transport
    • Maritime transport
  • Multimedia
    • Videos
    • Podcasts
  • Contact
No Result
View All Result
Logistics Asia
No Result
View All Result
Home Supply Chain Warehousing

Skechers To Add Gigantic Logistics Space Amid E-Commerce Rise

by Team Logistics Asia
August 23, 2021
in Warehousing
Skechers To Add Gigantic Logistics Space Amid E-Commerce Rise
Share on FacebookShare on Twitter

Skechers is shaping up its fulfillment capabilities after a jump in e-commerce sales.

The footwear brand plans to more than double its pre-pandemic warehousing and logistics footprint by next summer, the Wall Street Journal reported.

Skechers owned and operated around 4 million square feet of space before the pandemic, and it’s already well on its way toward meeting its goal, growing its distribution space to 5.5 million square feet by the end of the last year.

The company was already expanding its footprint before last year, but paused its expansions as the pandemic interrupted its supply chains in India.

CFO John Vandemore said the company has experienced higher demand than expected in recent months.

“What we’ve seen is a tremendous rebound in demand, which really puts us back on the growth trajectory we were experiencing pre-pandemic,” Vandemore said. “Once we got confident that we were going to return to our growth trajectory, we absolutely were going to need that capacity.”

The company reported $1.66 billion in sales in the second quarter of this year, more than twice its sales from the same period last year. Net income figured out to $137.4 million for the quarter, compared to a net loss of $68.1 million in the second quarter last year.

Skechers will have plenty of competition for industrial space as other retailers similarly look to expand their e-commerce capabilities.

Amazon alone has leased millions of square feet of warehouse space across the United States over the last year.

Source: WSJ
Tags: EcommerceLogisticsSkechersSupply ChainWarehousing

Related Posts

China to Build Green Air Logistics Network by 2025

China’s Logistics Chain Back to Normal

by Dafizeck Daud
May 27, 2022

China's logistics industry has resumed gradually as the country tackles shipping bottlenecks amid the latest COVID-19 outbreak, the Ministry of...

Does RCEP Herald a Golden Age in APAC?

Does RCEP Herald a Golden Age in APAC?

by Dafizeck Daud
May 27, 2022

By Audrey Cheong People have been conducting cross-border and trans-continental trade for millennia. From the ancient Egyptians, to the Greeks...

China to Dominate Global Logistics Market With Merger of State-Owned Entities

China’s Logistics Firms Back to Normal Business

by Dafizeck Daud
May 25, 2022

Logistics service providers in China have shifted toward backup plans while making preparations for full recovery to keep import and...

Delhivery Raises US$303.7 Million from Anchor Investors

Logistics firm Delhivery’s IPO Will Signal Investment Appetite for New Listings

by Dafizeck Daud
May 24, 2022

The first day of trade for logistics company Delhivery will give an indication of the appetite for newcomers in Mumbai...

CJ Century Benefits from Logistics Demand Growth

CJ Century Benefits from Logistics Demand Growth

by Dafizeck Daud
May 19, 2022

CJ Century Logistics Holdings Bhd is expected to record net profits of RM29.9 million, RM35.4 million and RM44.4 million for...

Load More
previous arrow
next arrow
  • Trending
  • Comments
  • Latest
Infinity Logistics Acquires Glencore’s Unit, Access World for US$177 million

Infinity Logistics Acquires Glencore’s Unit, Access World for US$177 million

February 7, 2022
The Insane Logistics of Formula 1

The Insane Logistics of Formula 1

April 15, 2021
How Container Ports Work: Logistics of Intermodal Transport

How Container Ports Work: Logistics of Intermodal Transport

April 22, 2021
How Drones Could Change The Shipping Industry

How Drones Could Change The Shipping Industry

April 20, 2021
UNICEF Urges Supply Chain and Logistics Industry to Roll Out COVID-19 Vaccines Globally

UNICEF Urges Supply Chain and Logistics Industry to Roll Out COVID-19 Vaccines Globally

From Land to Sea – A Rising Trend Among SE Asia E-Commerce Freight

From Land to Sea – A Rising Trend Among SE Asia E-Commerce Freight

An Integrated Logistics Platform to Penetrate SEA Market

An Integrated Logistics Platform to Penetrate SEA Market

Are We Ready to Ship Billions of COVID Vaccines Worldwide?

Are We Ready to Ship Billions of COVID Vaccines Worldwide?

China to Build Green Air Logistics Network by 2025

China’s Logistics Chain Back to Normal

May 27, 2022
Does RCEP Herald a Golden Age in APAC?

Does RCEP Herald a Golden Age in APAC?

May 27, 2022
Growing Intra-Africa Trade through Digital Transformation of Customs and Borders

Growing Intra-Africa Trade through Digital Transformation of Customs and Borders

May 26, 2022
Bridgenet and MKI To Assist Digital Transformation of Businesses in Asia Pacific

Bridgenet and MKI To Assist Digital Transformation of Businesses in Asia Pacific

May 26, 2022
Logistics Asia

Logistics Asia brings you the latest news, analysis and insights for the logistics sector. We cover logistics-related news in Asia and beyond.

Categories

  • 3PL
  • AI and data solutions
  • Air transport
  • Carriers
  • Cold chain logistics
  • Courier and express
  • E-commerce
  • Editor's Choice
  • Feature
  • Freight forwarding
  • Internet of Things
  • Land transport
  • Last mile delivery
  • Maritime transport
  • Multimodal transport
  • News
  • Opinion
  • Ports
  • Press Release
  • Rail Transport
  • Risk management
  • Supply Chain
  • Sustainability
  • Transportation
  • Uncategorized
  • Videos
  • Warehousing

Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • About
  • Contact Us

© 2022 Business Media International. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Carriers
    • 3PL
    • Courier and express
    • Last mile delivery
    • Freight forwarding
    • Multimodal transport
  • Supply Chain
    • AI and data solutions
    • Cold chain logistics
    • E-commerce
    • Risk management
    • Sustainability
    • Warehousing
  • Transportation
    • Air transport
    • Land transport
    • Maritime transport
  • Multimedia
    • Videos
    • Podcasts
  • Contact

© 2022 Business Media International. All Rights Reserved.