Skechers news and archive

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...

Featured

Fashion

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...

Fashion

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...

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Business

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...

Fashion

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...

Business

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...

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Fashion

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...

Fashion

Skechers donates a million masks

In partnership with various charitable organizations, the Californian shoe retailer Skechers USA Inc. plans to distribute a total of one million face masks to those in need in the USA. For example, the United Way of Greater Los Angeles organization ensures that some of the masks donated by Skechers have been distributed to health care workers...

Fashion

Skechers launches Dr Seuss-inspired footwear collection

US footwear brand Skechers has linked up with the iconic fictional world of children’s author Dr. Seuss for a new fashion and casual collection. Skechers x Dr. Seuss is a multi-year, worldwide footwear partnership kicking off with a collection inspired by the vibrant and bold characters and designs from one of the author’s most iconic works, The...

Retail

Skechers opens flagship store in Paris

Skechers has opened the doors of a new flagship store on Rue de Rivoli, one of Paris’ biggest shopping boulevards. The 5,859-square-foot store offers a range of the brand’s footwear and apparel collections for men, women and kids. “Skechers has built a solid and loyal consumer base in France, and Parisians love to wear the brand, so it’s...

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Business

Covid-19 pandemic hits Skechers’ Q2 sales

Second quarter sales at Skechers decreased 42 percent to 730 million dollars as a result of a 37.8 percent decrease in its international business and a 47.3 percent decrease in the company’s domestic business, reflecting the impact of the global pandemic. Net loss was 68.1 million dollars in the second quarter and diluted loss per share was 44...