Skechers news and archive

Skechers: Why a sneaker brand without cult status is worth 9.4 billion dollars

If the announced sale of the US sneaker brand Skechers does indeed go through in the third quarter of this year, this deal will go down in history as the largest transaction to date in the sneaker market. Why is Skechers so interesting? Not 'cool', but the third largest sneaker brand in the world First things first: with global annual revenue of...

Skechers takeover: Court dismisses lawsuit seeking to block acquisition

The acquisition of footwear supplier Skechers USA Inc. (Skechers) by investment company 3G Capital is moving closer. On Tuesday, trade magazine Women’s Wear Daily (WWD) reported that a Los Angeles court rejected a pension fund's objection. The Key West Police Officers & Firefighters Retirement Plan (Key West) had sued Skechers and members of the...

European Commission approves Skechers acquisition by 3G Capital

Investment firm 3G Capital Partners LP (3G Capital) has been granted approval to acquire the American footwear brand Skechers. The European Commission announced this in a press release on Tuesday, July 1. Although both companies operate from the US, their activities in the European market require approval from the European Commission. Skechers...

FeaturedMember

Uniqlo, Inditex, SMCP and Skechers accused of profiting from the forced labour of Uighurs

On the eve of China’s 100th year anniversary celebration of its Chinese Communist Party, France launched an investigation into the “concealment of crimes against humanity” by global textile giants, including Inditex and Uniqlo, who stand accused of having profited from the forced labour of Uighurs. France’s National Anti-Terrorism Prosecutor’s...

Skechers named official partner of Solheim Cup 2021

Skechers has been named the official footwear supplier of both the European and US Solheim Cup Teams for the 2021 golf tournament. The US footwear brand has designed exclusive Skechers Go Golf Elite 3 styles in unique colors for both teams and will also be providing shoes to caddies and support staff during the event taking place in Toledo, Ohio...

FeaturedMember

Skechers first quarter sales improve 15 percent

First quarter sales at Skechers USA increased 15 percent as a result of a 20.2 percent increase in the company’s international sales and an 8.5 percent increase in domestic sales. On a constant currency basis, the company’s total sales increased 11.7 percent. “Skechers new sales record in the first quarter is a remarkable achievement, especially...

Skechers links artist James Goldcrown for love-inspired collection

Skechers has linked up with muralist James Goldcrown for a new love-inspired collection for women and girls. The Skechers x JGoldcrown global collaboration features colourful hearts printed on a range of footwear and lifestyle products, including Skechers Uno fashion sneakers, 90s retro Skechers Roadies sneakers, and Bobs from Skechers canvas...

Skechers reports sales recovery over Q2

Sales at Skechers USA Inc., decreased 3.9 percent as a result of a 4.1 percent decrease in the company’s international business and a 3.7 percent decrease in its domestic business. The company said in a statement that gross margins remained relatively flat at 48.1 percent, earnings from operations decreased 55.3 million dollars or 37.5 percent...

Featured

Skechers donated over 16 million pairs of shoes to children in need

Skechers, the California-based lifestyle footwear company, has to date donated over 16 million pairs of shoes to children in need around the world. Its latest support initiative includes 105,000 pairs currently en route to Lebanon, Romania and Nicaragua. Other donations include footwear to victims of the wildfires in the West, hurricanes in the...

Retail

Skechers to donate to Greater Toronto Area shelters

Global lifestyle brand, Skechers, has expanded its animal-saving movement with its charity, Bobs, supporting pets in need. Skechers, with sales through Bobs, has helped save more than a million animals in the US, and it now plans to protect animal shelters across Canada, starting with a 35,000 dollar donation for Greater Toronto Area shelters in...