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Skechers signs Albert Pujols as Brand Ambassador

Skechers signed former Cardinals and Angels MLB player Albert Pujols as its latest brand ambassador. The two-time world champion and future Hall of Famer, will star in a Spanish-language campaign designed to educate fans about Skechers Hands Free Slip-ins.

Skechers Opens Distribution Facility In India

Skechers opened a 600,000-square-foot distribution center in Mumbai, India, to support the company’s expansion into the country. The building in the Lodha Industrial and Logistics Park in Kalyan is designed to streamline supply chain operations and can ship up to 60,000 SKUs daily.

Skechers Responds to Nike Patent Lawsuit

Skechers U.S.A., Inc. said it will vigorously defend a patent lawsuit filed by Nike., Inc. in California Federal Court on November 6, in which claims Skechers’ Ultra Flex and Glide Step, among other shoe models, infringed on patents for its Flyknit upper technology for running, soccer and basketball shoes.

Nike Accuses New Balance, Skechers of Patent Infringement

Nike filed federal lawsuits against New Balance and Skechers, charging several New Balance shoes and Skechers sneakers with misusing the brand’s patented Flyknit technology for running, soccer and basketball shoes.

Skechers Lifts Annual Guidance On Q3 Beat

Skechers U.S.A. Inc. slightly raised its outlook for the year after reporting third-quarter EPS that came in well-above targets. Earnings in the third quarter jumped 69.3 percent on significant margin improvement. Revenues gained 7.8 percent revenue gain as a 23.8 percent increase in direct-to-consumer sales offset a slight decline at wholesale.

Skechers Enters the Basketball Arena

Skechers announced its entry into the technical basketball shoe category by launching two mid-top styles—SKX Resagrip and SKX Float—and signed endorsement deals with Julius Randle of the New York Knicks and Terance Mann of the Los Angeles Clippers.

EXEC: Skechers Notes Continued Pressure in U.S. Wholesale Business

Speaking at the Piper Sandler Growth Frontiers Conference, John Vandemore, the CFO at Skechers USA, said the company continues to see strong demand for the brand across its DTC channels but is not seeing any indication that the elevated inventories affecting U.S. wholesale business to alleviate anytime soon.