Skechers: Footwear brand Skechers pulls annual forecast on trade uncertainty, shares drop

Trump administration?s back-and-forth on tariffs has also made it difficult for businesses to make major spending decisions [BENGALURU] Skechers on Thursday (Apr 24) withdrew its annual results forecast as the Trump administration's erratic trade policies fuel economic uncertainty, sending the footwear maker's shares down 7 per cent in extended trading. The US-based company is also looking to minimise production in "high-cost locations" by re-routing and diversifying its sourcing base, executives said on a post-earnings call. ShareInvestor subscribers have full access to this article. ShareInvestor subscriber, please login to read the 9 remaining paragraph(s). The full article is also available at The Business Times .