Skechers USA, Inc. announced that it scored a major victory in a patent lawsuit filed against it in the United States District Court for the Central District of California. The lawsuit, Cancaribe Limited v. Cobra International Inc., Case No, 07-CV-4182-GA
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Judge Preapproves Nationwide Skechers Settlement
Preliminary approval in the Skechers' settlement was reached Monday in U.S. District Court in Louisville, according to the Associated Press. Under the terms, people who bought a Skechers toning shoe can get about $80 per pair…
Skechers Signs Nickelodeon as Presenting Sponsor for Pier to Pier Friendship Walk
Skechers USA, Inc. announced that Nickelodeon will serve as presenting sponsor for the Skechers Pier to Pier Friendship Walk. The annual event, held this year on October 28, raises funds for The Friendship Circle to support children with special needs…
Skechers Slashes Q2 Loss
Skechers USA narrowed its loss in its second quarter, to $1.8 million or 4 cents a share, from $29.9 million, or 62 cents, a year ago. Revenues were down 11.6 percent to $384.0 million compared to $434.4 million in the year-ago quarter. Ongoing inventory
Skechers GOrun Earns Positive Reviews from Run Mags
Skechers USA, Inc. announced that its Skechers GOrun performance footwear received Most Innovative accolades from two major running magazines. The “2012 Spring Shoe Review” in the April issue of Competitor named Skechers GOrun the Editor's Pick for M
Skechers Donates its First Million Pair of Shoes Through BOBS
Skechers USA, Inc. announced that the company has donated its first million pair of kids' shoes through its BOBS from Skechers program, which gives a new pair to a child in need for every BOBS footwear purchase. Building on the success of the BOBS do
Skechers Performance Initiative Gaining Traction
Speaking at the B. Riley & Co Investor Conference, Skechers USA’s COO and CFO David Weinberg said Skechers new performance push, represented by its GOrun and GOwalk lines, are generally doing “quite well” with many other styles coming so
Skechers Will Pay $40 million to Settle False-Ad Claims
Skechers USA, Inc. said it has settled all domestic legal proceedings relating to advertising claims made in connection with marketing its toning shoe products, including its Shape-ups line of shoes. While continuing to stand behind its toning technology,
Leonard Armato Steps Down at Skechers
Leonard Armato is exiting from his role as president of Skechers Fitness Group. Michael Greenberg, president, Skechers USA Inc., told SportsOneSource that Amarto, who joined Skechers in 2010, will become chairman of Leverage Agency, a sports-marketing fi
Skechers Sees FY Profit Rebound Despite Q1 Loss
Skechers USA swung to a first-quarter loss, but results were in line with expectations and the company said it expects to return to profitability later this year. The loss of $3.7 million, or 7 cents per share, compared to a profit of $11.8 million, or 24
Skechers Posts Loss in Q1 on Sales Decline
Skechers USA, Inc. reported first quarter sales were $351.3 million compared to $476.2 million in the first quarter of 2011. The loss from operations for the first quarter of 2012 was $4.4 million compared to earnings from operations of $15.3 million in t
Skechers to Launch Online Review Rewards Program
Skechers is planning to set up a Skechers Elite rewards program to reward consumers who submit reviews or answer other consumers’ questions about Skechers products on skechers.com. Skechers Elite members will receive points for such actions that wil
Skechers Launches Japan Subsidiary
Skechers USA, Inc. announced that the company is transitioning its business in Japan from a third-party distributor to the new wholly owned subsidiary, Skechers Japan, G.K. Footwear veteran Hirokazu Iwasaki (formerly with Nike, Adidas and Puma) will head
Skechers Foundation Donates More Than $480,000 to Children with Special Needs
The Skechers Foundation, an organization that was founded to provide families around the world with the necessities and skills to succeed in life, celebrated its most impactful Skechers Pier to Pier Friendship Walk by donating $209,000 to the Friendship C
Skechers’ Toning Hangover Continues
Skechers USA, Inc. reported fourth-quarter sales slumped 37.7 percent to $283.2 million. While the decline reflected difficult comparisons against a record fourth quarter 2010 that included higher priced toning footwear, it also reflected lower-than-expec
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