Beginning this month, the company plans to distribute thousands of pairs of new shoes to Hurricane Dorian victims in the Bahamas and Storm Imelda-affected families in Houston.
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International Sales Fueling Skechers’ Growth
An increased emphasis on international markets, especially Mexico and China, helped Skechers USA Inc. post record revenue in the third quarter, though a heightened global focus also took a toll on earnings. The company’s international sales increased 21.9 percent, or 25.7 percent on a constant currency basis, accounting for 58.8 percent of sales—the highest in the company’s 20 years of operation.
Skechers Achieves Record Net Sales In Third Quarter
Skechers USA Inc. reported net earnings rose 13.7 percent in the third quarter on a 15.1 percent revenue gain.
Skechers Wins “Best of Manhattan” And “Pay it Forward” Awards
For the fourth time in the past five years, Manhattan Beach-based athletic lifestyle footwear and apparel global brand Skechers has been honored by the Manhattan Beach Chamber of Commerce as the “Best of Manhattan.”
Skechers Launches Second Decade Of Pier To Pier Friendship Walk
California’s largest walk for children with special needs and education, the Skechers Pier to Pier Friendship Walk launches its second decade with a $2 million fundraising goal.
Skechers Scores Another Legal Win Against Nike In Converse Lawsuit
Skechers USA Inc. on Thursday announced that it has won yet another major victory over Nike Inc. in a case relating to Nike’s wholly owned subsidiary Converse Inc.
Skechers Signs Clayton Kershaw
Skechers announced that it’s teaming up with Los Angeles Dodgers all-star ace Clayton Kershaw on a new multi year partnership. The popular pitcher will appear in global marketing campaigns for Skechers men’s performance and athletic lifestyle footwear set to launch in 2020.
Skechers Announces Significant Progress In Plastic Reduction
Skechers USA Inc. announced that since 2016, the company has reduced its use of plastic in its footwear packaging by 85 percent to 10 percent of its foot forms, all of which is recyclable.
Skechers Returns To New York Fashion Week
Models walked the runways at seven New York Fashion Week shows this season in Skechers footwear from a selection of the global brand’s stylish collections.
Skechers Expands Donations To Animal Welfare Organizations
Skechers announced that it has donated more than $4.23 million to animal welfare organizations through its Bobs for Dogs and Bobs for Cats collections.
Skechers And Adidas Settle Lawsuit Over Striped Shoes
Skechers has asked the U.S. District Court for the Central District of California to dismiss a trademark infringement suit without prejudice. The lawsuit involved one of its styles which Adidas claimed infringes its three-stripe trademark.
Skechers Partners With Shaquille O’Neal On Kids Basketball Line
Skechers is collaborating with Shaquille O’Neal on the Shaq by Skechers collection, the first-ever line of kids’ athletic footwear designed especially for the basketball court under the Skechers Kids brand.
Skechers Sees Domestic Wholesale Regaining Momentum
Driven by outsized growth overseas and across the company’s domestic direct-to-consumer (DTC) network, Skechers USA Inc. reported second-quarter earnings rose significantly over year-ago levels and handily topped guidance. Company officials also predicted domestic wholesale revenues would turn positive in the third quarter with growth accelerating in the fourth.
Skechers Earnings Surge In Q2
Skechers USA Inc. reported second-quarter earnings jumped 66.0 percent, easily ahead of Wall Street’s targets, as revenues gained 13.7 percent on a currency-neutral basis. The revenue gains were driven by increases of 19.8 percent in the company’s international business and 1.5 percent in its domestic business.
Skechers Celebrates 20 Years As Public Company
Michael Greenberg, president, Skechers U.S.A. on Tuesday rang the NYSE closing bell to celebrate the company’s 20th year as a public company.
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