Marking a significant milestone, Skechers, founded in 1992, celebrated its 25th year as a public company by ringing the New York Stock Exchange opening bell on June 3. This achievement was underscored by an all-time stock high of $72.27.
Skechers, reported to be the “third largest footwear brand in the world,” recently announced a record-breaking quarter, with sales of $2.25 billion for the first quarter and record annual sales of over $8 billion at year-end 2023.
The company attributes its success to its “dedication to innovation,” including its Hands Free Slip-ins footwear designed with its Heel Pillow that allows consumers to “step in” without “bending over,” to podiatrist-certified arch support with Skechers Arch Fit, to its 2023 entry into team sports with Skechers Football (Soccer) and Skechers Basketball.” The Fortune 500 company, noted it “continues to focus on creating products that set itself apart from competitors.”
Julius Randle, one of the first athletes to step onto the court in Skechers Basketball sneakers, joined the company on the podium for the celebration.
Images courtesy Skechers/NYSE Group, Inc.
