Demand, traffic and conversion levels remain healthy, Skechers told investors at Deutsche Bank’s Global Consumer Conference, but the lingering effects of summer 2022’s inventory ramp up at retail is still expected to be a headwind for the balance of ’23. The domestic wholesale market has helped pad the bottom line, despite recent turbulence, adding long-term stability while SKX focuses on DTC and international for growth. Promotional activity returned in Holiday ’22 due to the inventory situation, dropping AUR and gross margin but upping gross profit as AVT, traffic and conversion have ... Log in to view full article.