Skechers USA Stock Rise

Shares of Skechers USA (NYSE:SKX) rose as much as 6.2% in intraday trading, marking the largest rise since September 26. This boost in stock value followed optimistic comments from the company's Chief Financial Officer, John Vandemore, regarding recent holiday sales.

Vandemore described the sales results thus far as "very encouraging," indicating sustained consumer interest in innovative footwear products.

During a fireside chat at the Morgan Stanley (NYSE:MS) Global Consumer & Retail Conference, he pointed out that
despite positive sales trends, the shorter shopping window between Thanksgiving and Christmas this year might influence the overall performance of the holiday shopping season.

He stressed the importance of assessing complete results to accurately gauge the company's success.

Investors responded positively to the CFO's remarks, reflecting confidence in Skechers' performance during this crucial sales period for retailers.

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