Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
14-12-14
Skechers to invest USD30m in expansion in GCC market
(MENAFN) Skechers, the sports shoe maker announced it is planning to invest between USD27 million and USD30 million in expanding in the GCC market by opening new stores across the market, Gulf News reported
Skechers said that it is planning to open 142 additional stores in the market, thus bringing the total of its stores to 180 by 2018, which is part of the company's global expansion plans of increasing the number of its stores from its current 1.000 to around 2.000 by 2018.
The company also said that it expects its revenue to approximately reach USD2.4 billion this year compared with USD1.84 billion in 2013, while their revenue in the GCC would hit USD95 million compared with USD50 million in 2013 as well as forecasting that their sales would be between USD2.8 billion to USD3 billion in 2015.
California-based Skechers said that the company currently has 61 stores in the Middle East, with expectations that these store would account for around 3 percent of the company's revenue next year, as it aims to increase the volume of its shipments to the region to over 4 million pairs of shoes to the Middle East in 2015 from 2.5 million in 2014.
"The strategy is to continue to grow the business methodically and strategically; grow our different categories of footwear, meaning if there's a category of footwear that we're in and we only command a certain amount of shelf space, we can grow and become a more important supplier to that retailer," Sketcher's President said.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us