Skechers announced it has signed on as the official footwear sponsor of the US Open Pickleball Championships. “Pickleball adds another pillar to our established running, golf and performance walking business. This sport is easy to learn and great for families, so footwear featuring our advanced comfort technologies will be a perfect fit for casual and […]
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Skechers Signs As Official Footwear Sponsor Of US Open Pickleball Championships
Skechers announced it has signed on as the official footwear sponsor of the US Open Pickleball Championships. “Pickleball adds another pillar to our established running, golf and performance walking business. This sport is easy to learn and great for families, so footwear featuring our advanced comfort technologies will be a perfect fit for casual and […]
Inside The Call: Skechers Navigates Supply Chain Chaos To Deliver Record Q4
Skechers USA Inc. saw both sales and earnings easily surpass Wall Street targets as the company was able to navigate supply chain congestion to meet robust demand for its comfort footwear. On an analyst call, David Weinberg, COO, said the supply chain situation finally appears to be improving.
Skechers Announces Record Fourth Quarter And Annual Sales
Skechers USA, Inc. reported earnings nearly doubled year-over-year in the fourth quarter and came in well ahead of Wall Street’s estimates. Sales in the quarter grew 24.4 percent, driven by increases of 30 percent in both its International Wholesale and direct-to-consumer businesses and 5 percent in Domestic Wholesale.
Skechers Announces Changes To Its Board Of Directors
Skechers USA Inc. announced that Zulema Garcia has been named to its Board of Directors and appointed to serve on the company’s Audit Committee. The company also announced that four current members—Jeffrey Greenberg, Geyer Kosinski, Richard Rappaport, and Tom Walsh—have resigned from the Board bringing the total number of directors to seven.
Skechers Announces New Operations In The Philippines
Skechers announced that it has transitioned its operations in the Philippines from a third-party distributor to Skechers USA Philippines, Inc. to maximize its growth in the region.
Skechers Expands Senior Unsecured Credit Facility Up To $1 Billion
Skechers USA Inc. announced that it has expanded its senior, unsecured credit facility to $750 million, which retains a $250 million accordion feature.
Skechers Faces Activist Investor
Tremblant Capital Group, which owns 5.1 percent of Skechers, wrote to the company’s board Wednesday urging it to end its Skechers’ dual-class share structure, start an aggressive share buyback program, pay a dividend and improve its communication with investors, according to a regulatory filing.
Skechers Creates ‘Our Planet Matters’ Sustainable Collection; Partners With The Nature Conservancy
Skechers announced it has created Our Planet Matters collection of sustainable men’s women’s and kids products using recycled materials. It also announced a partnership with The Nature Conservancy that includes a multi-year commitment, contributing a minimum of $800,000 to help the organization.
Skechers Extends Eyewear Licensing Agreement
Skechers USA Inc. and Marcolin announced the renewal of its licensing agreement for the design, production and worldwide distribution of Skechers sunglasses, eyeglasses and kids’ eyewear.
Report: Skechers Considering IPO For Asia Segment
Skechers is reportedly considering spinning off its Asia business into a public company, according to Bloomberg.
Inside The Call: Skechers Bullish On Holiday Despite Supply Chain Hurdles
Skechers USA reported strong earnings and sales gains in the third quarter but delays tied to supply chain constraints caused both to come in below guidance and the company’s outlook was slightly reduced for the full year. Skechers officials see the logistics challenges easing somewhat and remained upbeat on holiday selling.
Skechers Slightly Lowers 2021 Outlook On Q3 Miss
Profits at Skechers USA surged 61.0 percent in the third quarter ended September 30 on a 19.2 percent revenue gain, but both sales and earnings came were below guidance. The footwear giant slightly lowered its EPS and sales targets for the full year.
Skechers CFO Discusses Supply Chain Uncertainty
At a virtual fireside chat at Morgan Stanley Global Sporting Goods Day, John Vandemore, CFO, Skechers USA, said the footwear giant has limited exposure to Vietnam compared to the brand’s competitors but still faces many unknowns due to the overall supply chain disruption.
Inside The Call: Skechers Firing On All Cylinders As Q2 Domestic Wholesale Biz Triples, DTC Jumps 138 Percent
Skechers USA Inc. shrugged off the continuing effects of COVID-19 across the international markets in the second quarter to ride a far less promotional retail environment to stronger sales, higher margins and record profitability.
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