At yesterday’s 79th Annual Two Ten Gala in New York, Skechers president Michael Greenberg was given Two Ten Footwear’s most prestigious honor – the T. Kenyon Holly Award for his outstanding local, national and global humanitarian achievements for children.
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Skechers Donates Supplies For Those Impacted California Fires
Skechers is taking Giving Tuesday to heart in partnering with local non-profit organizations to donate much-needed goods for thousands of wildfire victims who have lost their homes and personal possessions after multiple disasters in Northern and Southern California. Additionally, the company is announcing a state-wide fundraising campaign at Skechers California retail stores through the holiday season.
More Than $2 Million Raised For Kids At 10th Annual Skechers Pier To Pier Friendship Walk
The Skechers Foundation broke new fundraising records for children with special needs and education at Sunday’s 10th annual Skechers Pier to Pier Friendship Walk, surpassing $2 million in contributions and totaling over $11 million since the Walk’s launch.
Skechers Seeing Boost From Chunky Shoe Trend
Shares of Skechers USA rose $3.60, or 13.8 percent, to $29.72 Friday after the company reported earnings topped guidance in the third quarter, thanks to tigher cost controls. A healthy bounce-back was also predicted for the fourth quarter, led by a return to growth in the company’s domestic-wholesale segment with the help of robust demand for the brand’s D’Lites chunky style.
Skechers Q3 Earnings Dip
Skechers USA reported earnings eased 1.7 percent in the third quarter but results came in slightly ahead of a forecast given in July. Sales rose 7.5 percent, led by double-digit growth in both the company’s international wholesale and worldwide company-owned retail businesses, but came in below targets.
Skechers Celebrates 10th Pier to Pier Friendship Walk With $2 Million Fundraising Goal
Backed by presenting sponsor Nickelodeon and media sponsor NBC4 Southern California, the Walk has topped donations every year since its inception, and is expected to continue its winning streak and surpass $2 million for the first time in the event’s history.
Skechers Downgraded On Inventory, Foreign Exchange Concerns
Shares of Skechers USA sunk $1.26, or 4.5 percent, to $26.58 Thursday after Cowen & Co. lowered the company’s rating on the stock to “market perform” from “outperform” due to concerns over high inventories and foreign currency headwinds.
Skechers Delivers 15,000 Pairs Of Shoes To Children Still In Need In Puerto Rico
With recognition that Puerto Rico remains in need of many essentials a year after Hurricane Maria devastated the territory, Skechers USA Inc. has donated 15,000 pairs of new shoes to children on the island.
Skechers x NY Fashion Week … The Gap Between Fashion And Athletic Continues To Narrow
Skechers hit this season’s New York Fashion Week full speed ahead. Models walked the runways at seven shows in Skechers styles wearing the brand’s iconic and retro Skechers D’Lites line.
Skechers Claims Shareholder Lawsuit And Allegations Without Merit
Skechers USA Inc. in a statement denied the allegations in the recent alleged shareholder class actions filed by Laborers Local 235 Benefit Fund as frivolous and without merit, and plans on defending them vigorously.
Skechers’ Bobs For Dogs Campaign Helps 583,000+ Animals
Skechers said that through the philanthropic Bobs from Skechers and Bobs for Dogs collections, Skechers helped 583,000 shelter pets in the U.S., including saving the lives of more than 241,000 animals nationwide through the company’s $3 million donation to Best Friends Animal Society.
Skechers Shares Tumble On Q2 Miss And Poor Outlook
Skechers USA’s shares fell $6.95, or 20.9 percent, to $26.30 on Friday after the company reported second-quarter earnings that fell well short of guidance and provided a soft outlook for the third quarter. Investors were reportedly frustrated that Skechers’ focus on funding long-term expansion efforts is coming at the expense near-term earnings improvement.
Skechers Q2 Earnings Slump 24 Percent
Skechers USA Inc. reported earnings sunk 23.9 percent in the second quarter ended June 30, to $45.3 million, or 29 cents a share, falling short of the company’s guidance. Sales rose 10.6 percent to $1.13 billion.
Adidas, Skechers Settle Trademark Lawsuit
Adidas and Skechers have reached settlement over a lawsuit that charged Skechers infringed on Adidas’ three-stripe logo and Stan Smith shoe designs, according to Law360.
Skechers Sues Adidas Over College Basketball Scandal
Skechers filed a lawsuit against Adidas over the allegations at the heart of the FBI’s investigation into college basketball. Skechers charges it was at an unfair disadvantage due to the alleged schemes whereby Adidas paid amateur players for their endorsements.
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