Skechers announced a suspension of shipments to Russia an hour ahead of its presentation at the UBS Global Consumer & Retail Conference, noting that its distributor business in Russia and Ukraine account for less than 1% of global sales, with store counts of about 25 in each country. Elsewhere, SKX has been monitoring emerging inflationary and oil pressures, but consumer demand remains strong in the majority of markets, with no knock on effects from inflation thus far. However, the company has historically benefited from consumer trade downs to the brand during inflation spikes and other “macro strained environments,” and SKX ... Log in to view full article.