Skechers 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.
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Skechers Q1 Tops Guidance On DTC Momentum
Skechers 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.
Skechers Acquires Its Scandinavian Distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS.
EXEC: Brooks Sues Skechers Over ‘Beast’ Trademark
Brooks 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.
Skechers Names Nuria Roca As Brand Ambassador For Spain
Skechers 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 social media influencer with more than one million social network followers will appear in multi-platform campaigns for Skechers […]
Skechers Names Nuria Roca As Brand Ambassador For Spain
Skechers 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 social media influencer with more than one million social network followers will appear in multi-platform campaigns for Skechers […]
Snoop Dog Teams Up With Skechers For Super Bowl Campaign
Skechers teamed up with Snoop Dogg for this year’s Super Bowl campaign. “I’m a man of the people. I’m excited to partner with Skechers, who always brings something for everyone—just like me.” In the thirty-second, Skechers x Snoop Dogg commercial, which will air in the U.S. and Canada during the fourth quarter of the Super […]
Snoop Dog Teams Up With Skechers For Super Bowl Campaign
Skechers teamed up with Snoop Dogg for this year’s Super Bowl campaign. “I’m a man of the people. I’m excited to partner with Skechers, who always brings something for everyone—just like me.” In the thirty-second, Skechers x Snoop Dogg commercial, which will air in the U.S. and Canada during the fourth quarter of the Super […]
EXEC: Skechers Delivers Q4 Beat Despite Logistics Turbulence
Skechers USA reported sales and earnings topped guidance in the fourth quarter despite supply chain disruption that restricted inventory flow and softness in China.
Skechers Posts Double-Digit Q4 Sales Growth
Skechers 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.
Cowen Analyst: Skechers Taking Share In Athletic Footwear
Cowen 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.
VF Corp. Gets An Analyst Downgrade; Price Targets Raised For Deckers, Skechers
Williams 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.
Skechers Opens Flagship Store In Ireland
Skechers is elevating its worldwide presence by opening a new flagship store in Ireland on Dublin’s Grafton Street.
Kanye West Is Escorted From Skechers Offices
Skechers 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.
EXEC: Skechers Lowers Outlook As Inventories Pile Up
Skechers 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.
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