Skechers, under 3G, to double Brazil stores, boost e-commerce

Skechers plans to double its Brazilian store count from five to ten by year-end and invest in e-commerce, distribution, and marketing to elevate Brazil's share of global revenue. The move follows 3G Capital's acquisition and privatization of the company last year, which reported $10 billion in revenue. This signals a strategic expansion in an emerging market, though the scale is modest and execution risks remain.