All Skechers articles – Page 3
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News briefsSkechers launches second edition of Kane’s football boots, global expansion in focus
After a successful debut in Europe with English national team player and Golden Boot winner Harry Kane, who plays for Bayern Munich in Germany, as well as other Premier League players wearing the US brand’s football boots, Skechers is now entering its second season in football. With the new Evolution ...
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News briefsSkechers and Harry Kane launch capsule collection
Harry Kane, the current captain of the English national team and center forward at FC Bayern since 2023, has launched an apparel capsule with Skechers. It is their first joint clothing collection, after Kane already acted as ambassador for Skechers’ first football boots, which were launched in Europe in September ...
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News briefsSkechers donates more than $11m to animal welfare through BOBS
Skechers has raised a total of $11 million in donations through the sale of its BOBS from Skechers collection, which has helped rescue and support over 2 million animals in need since its launch in 2015. To celebrate this milestone, the company has launched a month-long celebration that includes pet ...
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News briefsRetail, Other Brands lead Topsports International in FY
The Chinese group achieved year-over-year sales lifts from both its retail business and Other Brands segment (Puma, Converse, Asics, and Hoka among others) to help it realize overall FY revenue growth of 6.9 percent to 28,933.2 yuan renminbi (€3.74b) for the 12 months ended Feb. 29. Annual operating profit grew ...
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News briefsSkechers expands Belgian footprint with new store in Brussels
Brussels welcomes Skechers to its Rue Neuve shopping district with the unveiling of a spacious 490-square-meter store. The store offers a showcase of Skechers’ range of footwear, apparel and accessories, featuring a striking vaulted entrance and a captivating mural paying homage to the brand’s roots in Southern California’s Manhattan Beach. ...
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ArticleAs wholesale recovers, Skechers raises 2024 sales and profit forecast
Skechers expects its sales to rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its DTC business. The guidance is up ...
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News briefsUS SEC accuses Skechers of payments to executives’ family members
On March 7, the US Securities and Exchange Commission (SEC) said that California-based Skechers USA Inc. agreed to pay a $1.25 million civil penalty to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. According to the US regulator, from ...
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Infographics & DataFull list: Global sporting goods industry stock market performers 2023
How did the sporting goods industry do in 2023? Download our list of the 86 stock-listed sporting goods companies and their results from last year.
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News briefsSkechers opens new distribution center in Japan
Skechers is launching a new high-tech distribution center in Minato City, Tokyo. The facility was built with technology from Hai Robotics, with support from material handling consulting company MHE Solutions. The investment is meant to help Skechers meet the growing demand for its products on the Japanese market. The Hai ...
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News briefsSkechers surpasses 5,000 retail locations, aims for 10,000
With a recent opening in Bogotà, Skechers has surpassed 5,000 Skechers-branded retail store locations throughout more than 120 countries. In 1992, the company opened its first-ever Skechers store in Manhattan Beach, near its corporate offices. Its first international store was then inaugurated in Japan. Every location features the same look, ...
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News briefsSkechers celebrates dismissal of shareholder lawsuit by Delaware Court
Skechers USA. Inc. has announced that the Delaware Chancery Court has dismissed with prejudice the shareholder derivative lawsuit filed on July 21, 2022, against all current and former members of the Skechers Board of Directors named as defendants. The Court’s decision to dismiss the action with prejudice was met with ...
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News briefsZinchenko signs with Skechers
Ukrainian superstar Oleksandr Zinchenko has signed a new deal with Skechers, making him the company’s second ambassador.
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News briefsPuma is the most sustainable fashion brand
Utility Bidder has unveiled its own study revealing which fashion brands are making the most significant efforts to minimize their environmental impact. According to their report, the fashion industry was responsible for 10 percent of the world’s carbon dioxide emissions in 2022, surpassing both the aviation and freight industries. Topping ...
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News briefsSkechers opens distribution hub in Mumbai
Skechers opened a national distribution center near Mumbai, India. The 55,700-sqm facility is located in the Lodha Industrial and Logistics Park in Kalyan and has the capacity to dispatch up to 60,000 pairs of shoes daily. The site represents the initial phase of a strategic partnership to develop a 102,000-sqm ...
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News briefsSkechers ready to “completely vindicate itself” against Nike lawsuit
Skechers has issued a response to the patent suit filed against it by Nike in California federal court on Nov. 6, 2023, saying it will “vigorously defend” itself. Nike is suing Skechers for allegedly violating its Flyknit patents. Flyknit is a lightweight yarn woven into a one-piece shoe upper. A ...
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News briefsNike sues New Balance, Skechers over Flyknit patent infringement
Nike has filed federal lawsuits in the US against New Balance and Skechers, accusing both companies of misusing the patented Flyknit technology – a patented technology allowing it to make high-performance uppers with reduced materials and waste – for their running, soccer and basketball shoes. The lawsuit against New Balance ...
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News briefsSkechers event raises $3 million for kids
The fifteenth Skechers Pier to Pier Friendship Walk raised more than $3 million for children with special needs, public education and national scholarships in California this week. The Walk has now raised over $24 million in donations since its inception in 2009. In addition to attending fundraisers, the Walk featured ...
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ArticleSkechers sets its sights on basketball
Source: Skechers Skechers’ new SKX basketball shoes Just in time for the start of the new NBA season, Skechers has unveiled its first line of technical basketball shoes to be sold in North America, the Philippines and China. The first wave of Skechers basketball shoes includes two ...
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q2 2023
Facing difficult year-over-year comparisons in many cases, 2/3 of entrants reported lower sales from Q2 2022. Find out more with our scorecard.
