Although most companies will report poor Q2 results starting mid-July, market expectations will be buoyed by a visible improvement in the situation on the ground.We believe there will be a recovery in demand for most sectors by late June/early July, with the gradual lifting of lockdowns and a gradual rise in the number of Covid-19 cases remaining within the manageable capacity of hospitals and care providers.The complete set of coronavirus impact and timing analyses is available here. 4 Historic crashes builds a complete macro picture and complements our analyses of the coronavirus outbreak’s impact on a diverse set of Skechers’ multinational peers, including Nike NKE and Lululemon. Further, our dashboard -28% Coronavirus crash vs.Our dashboard forecasting US COVID-19 cases with cross-country comparisons analyzes expected recovery time-frames and possible spread of the virus.
The expected timeline for recovery in global economic conditions, and in Crocs’ stock, hinge on the broader containment of the coronavirus spread.What’s Next For BlackBerry Stock After A 4% Move Last Week?īut How Long Will Crocs Stock Remain Under Pressure? However, we believe Skechers has the edge over Crocs and is likely to fare better over the coming months because of its stronger brand presence (geographical diversification), robust digital network, and a diversified business model as compared to Crocs. Moreover, fading consumer demand, reduced discretionary spending, and stay-at-home orders resulting in store remaining closed continue to take their toll on the apparel industry. The lockdown in various parts of the world has hurt the apparel industry worldwide, with more weakness to come over the coming months. Skechers’ stock (NYSE: SKX) has remained flat since early February after the WHO declared the Coronavirus a global health emergency, while Crocs’ stock (NASDAQ: CROX) hasn’t done too bad either with a decline in value of just around 5%. (Photo Illustration by Alex Tai/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Skechers store logo seen in New York City. Skechers Bobs is a fan favorite in the slip-on world. For easy-wear styles, slip-on shoes are always the right choice.
They comes in so many different colors, so you can rock whichever style that’s uniquely you. For the trendsetters, check out our Skechers D’Lites sneakers. NEW YORK CITY, UNITED STATES - 0: American lifestyle and performance footwear company. Let us help you find your next favorite pair at Famous Footwear.