Skechers USA Inc. has made an acquisition proposal to acquire Heelys, Inc. for $5.25 per share in cash, or an aggregate of $142.8 million, based upon the number of fully-diluted shares of Heelys common stock, subject to certain terms and conditions. The p
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Skechers Sees Q2 Stymied
Skechers USA reported an earnings decline for the second quarter as continued strength overseas wasn’t enough to offset declines in the U.S. business. Costs to open their own stores also dented the bottom line. Results were slightly below a forecast in l
Skechers Sees Q2 Earnings Dip on Flattish Sales
Skechers USA Inc. reported Q2 revenues climbed 0.6% to $354.6 million from $352.2 million a year ago. Net earnings dipped 2% to $14.6 million or 31 cents a share, from $14.9 million, or 32 cents, a year ago. In late April, Skechers predicted Q2 revenues
Skechers Disputes Crocs Lawsuit
Crocs Inc. sued Skechers USA Inc., accusing it of selling knockoffs of its patented designs. But Skechers responded in a statement categorically denying all allegations, and called the lawsuit “nothing more than a never-ending attempt by Crocs to monopoli
Skechers Disputes Crocs Lawsuit
Crocs Inc. has sued Skechers USA Inc., accusing it of selling footwear that copies patented and trademarked designs. Skechers responded in a statement categorically denying all allegations, and called the lawsuit “nothing more than a never-ending attempt
Diadora Drops Lawsuit Against Skechers…
Diadora has dropped its trademark lawsuit against competitor Skechers U.S.A. Inc. without giving a reason. The closely held U.S. unit of Diadora SpA, last week voluntarily filed a notice of dismissal of the infringement case in federal court in Seattle. D
Diadora Drops Skechers Lawsuit
Diadora has dropped its trademark lawsuit against competitor Skechers U.S.A. Inc. without giving a reason, according to Bloomberg News. The closely held U.S. unit of Diadora SpA, last week voluntarily filed a notice of dismissal of the infringement case i
Skechers Suit Against Aetrex…
Skechers, Inc. has filed suit against Aetrex Worldwide for alleged patent and trade dress infringement. Skechers claims that Aetrex is selling footwear that infringes on its Biker-Sightsee Series…
Skechers Files Infringement Suit Against Aetrex
Skechers, Inc. has filed suit against Aetrex Worldwide for alleged patent and trade dress infringement. Skechers claims that Aetrex is selling footwear that infringes on its Biker-Sightsee Series, which holds U.S. Patent No. Des. 532,962. In court documen
Skechers USA Gains in Q1 Driven by International…
The star for Skechers USA Inc. during Q1 was its international segment, which generated high double-digit growth. But the company was also pleased with the 3.5% growth in domestic wholesale net sales despite the soft retail climate. Skecher's key li
Skechers Posts 11.6% Q1 Net Sales Jump
Skechers USA, Inc. recorded an 11.6% increase in net sales for the first quarter to $384.9 million from $344.9 million for the same period in 2007. Net earnings for the quarter were a record $32.8 million versus net earnings of $23.9 million for the first
Skechers Partners with Luen Thai
Skechers USA Inc. said that it recently held its first national sales conference in China with its joint venture partner Luen Thai Enterprises, a Hong Kong-based conglomerate with investments in various industries in Asia, North America and the Pacific Re
Diadora Sues Skechers Over Trademark…
Diadora America Inc. and Diadora SpA filed a lawsuit against Skechers USA Inc. for allegedly infringing on its trademark with the launch of Skechers's Luger-Strafe sneaker. According to court documents obtained by Sports Executive Weekly, the Itali
Diadora Sues Skechers for Trademark Infringement
Italian shoe and apparel maker Diadora has sued Skechers U.S.A. Inc for placing a logo on Skechers' new Luger-Strafe sneaker that closely resembles the Diadora logo. The Luger-Strafe features a horizontal V reminiscent of a climbing jet that Diadora
Skechers Q4 Results Cut into Record 2007 Sales…
Skechers USA saw three record quarters through the first nine months of 2007, but revenues dipped nearly a full percentage point in the fourth quarter due to weakness in the U.S. market and the shuttering of a couple of sub-brands. The strong Q4 results
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