Skechers USA, Inc. reported fiscal year 2007 net sales increased 15.7% to $1.394 billion as compared to net sales of $1.205 billion in 2006. Net earnings for 2007 were $75.7 million versus net earnings of $71.0 million in 2006. Net sales for the fourth qu
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Skechers Sees Mammoth Opp for Cali…
Skechers reported that its biggest customer was itself, with owned-retail accounting for approximately 20% of total sales through its more than 180 company-owned stores. International is also a large business for the company, pegged at about 20%…
Vans After Skechers for Infringement…
Vans Inc. asked a federal appeals court to block Skechers USA Inc. from making and selling shoes with a checkerboard-pattern during an ongoing trademark-infringement lawsuit against Skechers. Vans filed its request with the San Francisco court of appeals
Vans Again Accuses Skechers of Infringement
Vans Inc. asked a federal appeals court to block Skechers USA Inc. from making and selling shoes with a checkerboard-patterned during an ongoing trademark-infringement lawsuit against Skechers. Vans filed its request with the San Francisco court of appeal
Skechers Targets China with JV…
Skechers is expanding its sales and distribution in China through a joint venture with Luen Thai Enterprises, a conglomerate based in Hong Kong, that will be aptly named, Skechers China. Over the next three years, the JV expects to open more than 1,200 po
Skechers Inks China Joint Venture
Skechers is expanding its sales and distribution in China through a joint venture, called as Skechers China, with Luen Thai Enterprises, a conglomerate based in Hong Kong. Over the next three years, Skechers China expects to open more than 1200 points-of-
Skechers Firing On All Cylinders in Third Quarter…
Skechers USA, Inc. posted its 15th consecutive quarterly sales growth in the third quarter with both sales and net income coming in higher than earlier guidance. The discontinuation of a pair of the company's fashion lines ate into gross margins, but
Skechers USA’s Q3 Profits Climbs 11.3%
SKECHERS USA, Inc. reported a third quarter jump in net sales of 19.3% to $395.0 million from $331.1 million for the same period in 2006. Third quarter 2007 net earnings were $24.7 million versus net earnings of $22.2 million in the third quarter of the p
Skechers to Open New DC in California
Skechers will open a 1.8 million square foot distribution facility in Rancho Belago, a new community in California's Inland Empire. The new facility, which is expected to be completed in the first quarter of 2009, will be highly automated, allowing t
Skechers Shares Tumble on Q2 Expense Growth…
Skechers USA, Inc. once again posted strong top line gains in the second quarter, but received concerned commentary from analysts on the quarterly conference call when those improvements failed to produce year-over-year profit growth. At the heart of the
Skechers Posts Q2 Earnings Decline Despite 20% Sales Jump
SKECHERS USA, Inc. net sales for the second quarter of 2007 rose 20.5% to $352.2 million compared to $292.2 million in the second quarter of 2006. Net earnings for the quarter were down 15.3% to $14.9 million from $17.6 million in the second quarter of 20
Skechers Addresses Buyout Speculation…
After reports surfaced that Skechers, Inc. was in discussions with a private equity firm to be acquired and taken private, Skechers CEO Robert Greenberg released a letter to the company's employees…
Skechers Addresses Private Equity Buyout Speculation
Robert Greenberg, Chief Executive Officer of Skechers, Inc. released a letter to the Company's Employees. While the letter claims that a private equity firm's potential buyout of Skechers is simply a rumor that is “disruptive to our employees a
Skechers Wins Round One; Asics Still Sees Merit in Case…
Skechers USA, Inc. reported it won a “major victory” in a trademark lawsuit filed against itself by Asics Corporation and Asics America Corporation. The U.S. District Court for the Central District of California denied Asics' motion for a preliminary
Skechers Sees Early Win in Asics Suit; Asics Still Sees Merit
Skechers USA, Inc. reported it won a “major victory” in a trademark lawsuit filed against Skechers by Asics Corporation and Asics America Corporation. The U.S. District Court for the Central District of California denied Asics' motion for a prelimina
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