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Skechers Sets New Mandatory Minimum Resale Prices on Shape-Ups

August 10, 2009 SGB Update

In a letter to retailers sent earlier last week, Skechers USA President Michael Greenberg referenced a letter sent to all retail partners in January in which a $100 per pair minimum resale price for Shape-Ups was established. The latest letter, dated Jul

Skechers Sets New Mandatory Minimum Resale Prices on Shape-Ups

August 4, 2009 SGB Update

Skechers Posts Q2 Loss on Sales, Margins Hits

July 27, 2009 SGB Update

Skechers USA implemented cost cutting measures and tightened inventory levels in the second quarter, but a weak retail environment sunk the Manhattan Beach, CA footwear maker to a loss of $5.9 million, or 13 cents per share, as compared with a profit of $

Skechers Q2 Sales Fall 15.7%; Margins Take Significant Hit

July 22, 2009 SGB Executive SGB Update

Skechers USA, Inc. said sales for the second quarter ended June 30, 2009 were $299.0 million, down 15.7% from sales of $354.6 million a year ago. Net loss was $5.9 million compared to net earnings in the second quarter of 2008 of $14.6 million…

Skechers, West 49 Amend Credit Facilities

July 13, 2009 SGB Update

Two companies-Skechers USA and West 49-have recently amended their credit facilities. Skechers USA Inc. closed on a new $250 million, four-year secured credit facility and said it still continues to believe it will break even for the first half of the yea

Skechers Announces New $250 Million Bank Facility, Affirms 2009 Outlook

July 7, 2009 SGB Update

Skechers USA Inc. closed on a new $250 million, four-year secured credit facility and said it still continues to believe it will break even for the first half of the year and return to profitability in the second half…

Skechers Looks for Silver Lining in Q1 Results

May 4, 2009 SGB Update

The weak retail environment continued to drag down Skechers USA Inc.'s domestic wholesale revenues in Q109 and to a lesser degree, internationally. While earnings were down from the prior year, however, a continued focus on managing expenses and inve

Skechers Q1 Net Earnings Fall, but Beats Expectations

April 29, 2009 SGB Executive SGB Update

Skechers USA, Inc. net sales for the first quarter ended March 31, 2009 fell 10.8% to $343.5 million compared to $384.9 million in the first quarter of 2008. Net earnings for the first quarter of 2009 were $8.2 million versus net earnings of $32.8 million

Skechers Enters Eyewear License

March 31, 2009 SGB Update

SKECHERS USA, Inc. has signed a worldwide licensing agreement with Viva International Group to create SKECHERS-branded sunglasses and prescription eyewear. The SKECHERS eyewear collection line is set to debut in Spring 2010. Viva already has eyewear licen

Skechers Enters Eyewear License

March 31, 2009 SGB Update

Skechers Expands South American Operations

March 26, 2009 SGB Update

Skechers USA, Inc. has expanded its operations in South America by assuming the distribution of its brand in Chile through a newly established subsidiary, Skechers Chile Ltda…

Skechers Posts Q4 Loss as Margins Shrink

February 23, 2009 SGB Update

Skechers USA Inc. said it posted a loss in the 2008 fourth quarter, a loss the company attributed to the weak retail environment. Lower margins for the period were the result of the company cutting inventories to match lower consumer demands. Net sales f

Skechers Posts Q4 Loss as Margins Shrink

February 18, 2009 SGB Executive

Skechers USA, Inc. said sales for the fourth quarter of 2008 ended Dec. 31 were $298.1 million compared with $302.0 million a year ago, a decline of 1.3%. The loss was $20.4 million, or 44 cents a share, versus net earnings of $12.1 million, or 26 cents a

Skechers Warns of Fourth Quarter Loss as Margins Contract

February 9, 2009 SGB Update

Skechers USA, Inc. said its fourth quarter 2008 results are expected to be significantly below the range of its previous outlook. For the fourth quarter of 2008, the company now expects net sales to be in the range of $290 million to $300 million and a ne