Skechers Sponsors Pickleball Canada National Championship
PR Partner Press ReleaseSkechers reported it signed an agreement naming the brand as the Official Footwear Sponsor of the... (Read More)
Search Results for: skechers
Skechers Appoints New Managing Director For UK And Ireland Market
SGB UpdatesSkechers promoted Richard Parker to managing director of the United Kingdom and Ireland. Former Managing Director, Peter Youell, transitioned into an advisor role on special and key international projects. (Read More)
Skechers Confirms Doja Cat Is The Brand’s First Artist-in-Residence
PR Partner Press Release“Skechers has given me a new canvas to create, and I can’t wait to show everyone what... (Read More)
EXEC: Skechers Sees DTC And International Offset U.S. Q1 Wholesale Weakness
SGB ExecutiveSkechers USA reported domestic wholesale sales tumbled 18 percent in the first quarter due to elevated inventories across the U.S. marketplace and difficult year-ago comparisons. However, strong growth in U.S. DTC (direct-to-consumer) and across international regions helped overall results handily top guidance. (Read More)
Skechers Q1 Tops Guidance On DTC Momentum
SGB UpdatesSkechers U.S.A., Inc. reported earnings rose 32.3 percent in the first quarter ended March 31 on a 10.0 percent sales gain. Strong double-digit DTC growth globally due to improved inventory availability offset wholesale declines in the Americas region. Guidance was raised as quarterly earnings and sales easily surpassed expectations. (Read More)
Skechers Acquires Its Scandinavian Distributor
SGB UpdatesSkechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. (Read More)
EXEC: Brooks Sues Skechers Over ‘Beast’ Trademark
SGB ExecutiveBrooks Sports Inc. filed a lawsuit against Skechers U.S.A. Inc., alleging the company is infringing on the “BEAST” trademark used on Brooks running shoes since 1992. (Read More)
Skechers Names Nuria Roca As Brand Ambassador For Spain
PR Partner Press ReleaseSkechers added Nuria Roca, born in Moncada, Valencia, as the new face of the global lifestyle brand in the Spanish market. As the first local Skechers ambassador in Spain, the television and radio presenter, actress, writer, and... (Read More)
Snoop Dog Teams Up With Skechers For Super Bowl Campaign
PR Partner Press ReleaseSkechers teamed up with Snoop Dogg for this year’s Super Bowl campaign. “I’m a... (Read More)
EXEC: Skechers Delivers Q4 Beat Despite Logistics Turbulence
SGB ExecutiveSkechers USA reported sales and earnings topped guidance in the fourth quarter despite supply chain disruption that restricted inventory flow and softness in China. (Read More)
Skechers Posts Double-Digit Q4 Sales Growth
SGB UpdatesSkechers U.S.A. Inc. reported a modest gain in earnings in the fourth quarter ended December 31 on an adjusted basis as sales grew 13.5 percent. Both earnings and sales exceeded Wall Street's estimates and Skechers predicted growth in the range of 4 percent to 8 percent for the current year. (Read More)
Cowen Analyst: Skechers Taking Share In Athletic Footwear
SGB ExecutiveCowen raised its rating on Skechers to "Outperform" from "Market Perform" as channel checks show the brand's value proposition resonates with customers, and a survey shows Skechers has gained preference in the casual/lifestyle footwear category from Nike and Adidas. (Read More)
VF Corp. Gets An Analyst Downgrade; Price Targets Raised For Deckers, Skechers
SGB ExecutiveWilliams Trading lowered its stock rating on VF Corp. to "Sell" due partly to unexpected weakening at The North Face. Lead analyst Sam Poser also reiterated his "Buy" rating and raised his price targets on Deckers Outdoor and Skechers USA. (Read More)
Skechers Opens Flagship Store In Ireland
SGB UpdatesSkechers is elevating its worldwide presence by opening a new flagship store in Ireland on Dublin's Grafton Street. (Read More)
Kanye West Is Escorted From Skechers Offices
SGB UpdatesSkechers USA said late Wednesday that Kanye West, also known as Ye, had come to its corporate offices in Los Angeles "unannounced and uninvited" and was subsequently escorted from the building where he had been trying to film. (Read More)
EXEC: Skechers Lowers Outlook As Inventories Pile Up
SGB ExecutiveSkechers USA Inc. reported sales in the third quarter jumped 20.5 percent, led by robust gains in the EMEA and Americas regions. However, earnings came in below plan and its full-year outlook was reduced as a sudden improvement in transit times and port throughput caused $50 million of incremental logistics costs. (Read More)
Skechers’s Q3 Falls Short Of EPS Guidance
SGB UpdatesSkechers USA, Inc. reported sales in the third quarter ended September 30 ran up 20.5 percent but earnings missed guidance amid margin pressures and foreign exchange currency headwinds. Guidance for the fourth quarter was also provided that was below Wall Street targets. (Read More)
Skechers Sues Hermès For Patent Infringement
SGB UpdatesSkechers USA, Inc. announced that it had sued Hermès International and Hermès of Paris for patent infringement of its proprietary Massage Fit sole technology. (Read More)
EXEC: Skechers Bullish On Market Share Gains
SGB ExecutiveIn a meeting at Morgan Stanley's Global Sporting Goods Day, John Vandemore, Skechers' CFO, said the company is well-positioned to gain market share in the challenging economic climate and benefitted from major footwear brands reducing their wholesale distribution to emphasize direct-to-consumer growth. (Read More)
Skechers Senior Vice President, Domestic Sales, To Retire
SGB UpdatesAfter nearly three decades with Skechers, Senior Vice President of Domestic Sales Rick Graham announced his retirement. Pete Calichman will replace Graham. (Read More)