Skechers news and archive

Skechers reports strong growth in Q3 sales and earnings

Skechers reported third quarter sales of 2.35 billion dollars, a 15.9 percent increase over the same period last year. For the fourth quarter, the company expects to achieve sales between 2.165 and 2.215 billion dollars and diluted earnings per share of between 70 cents and 75 cents. For fiscal 2024, Skechers expects sales to be between 8.925...

Fashion

Skechers debuts new collection with John Deere

Footwear and apparel brand Skechers has launched a new collection with work and outdoor brand John Deere. The collaborative collection includes footwear styles for men and children that blend John Deere’s heritage with Skechers' innovative comfort-driven technologies. Designed with agricultural professionals, construction workers, outdoor...

ManagementFeatured

Skechers reports strong Q2 results, sales increase by 7.2 percent

Second quarter sales at Skechers increased 7.2 percent to 2.16 billion dollars as a result of a 6.9 percent increase internationally and a 7.7 percent increase domestically. On a constant currency basis, sales increased 8.7 percent. For the third quarter of 2024, the company expects to achieve sales between 2.30 and 2.35 billion dollars and...

Report

Skechers expands legwear distribution deal to the UK and Europe

Footwear and apparel brand Skechers has expanded its 20-year legwear licensing partnership with New York-based designer, manufacturer, and distributor of legwear, apparel, and accessories, United Legwear & Apparel Co. (ULAC), to include distribution in the UK and European Union. The license will be managed in these two added territories through...

People

Skechers signs footballer Mohammed Kudus for Skechers Football

Skechers has signed West Ham United and Ghana National Team football player Mohammed Kudus to its growing roster of athletes. Set to star in several marketing campaigns for Skechers Football, the footwear and apparel brand, Kudus previously played in Razors from the brand and will now showcase Skechers' new Evolution Pack. Marking a year since...

Fashion |In Pictures

Skechers unveils apparel collection with Harry Kane

Footballer Harry Kane, the current captain of England, has launched a capsule apparel collection with Skechers. The comfort technology company states that the limited-edition capsule is the first signature collection between the two, following Kane fronting Skechers’ first football boots, which launched in the UK and Europe in September 2023....

Report

Skechers achieves Q1 sales growth of 12.5 percent

Skechers first quarter sales increased 12.5 percent as a result of a 15.2 percent increase internationally and a 7.8 percent increase domestically. “For the first quarter, Skechers achieved a new sales record of 2.25 billion dollars, EPS of 1.33 dollars, gross margins of 52.5 percent and an operating margin of 13.3 percent, all notable...

Fashion

Marcolin and Skechers renew global eyewear licensing deal

Eyewear manufacturer Marcolin and American sneaker brand Skechers U.S.A. Inc. have announced the early renewal of their global eyewear licensing agreement. The partnership, where Marcolin designs, manufactures and distributes worldwide Skechers sunglasses, eyeglasses and kids’ eyewear, started in 2014 and has been extended until December 31,...

ManagementFeatured

Skechers 2023 sales increase 7.5 percent to 8 billion dollars

Fourth quarter sales at Skechers increased 4.4 percent to 1.96 billion dollars as a result of a 6.9 percent increase internationally and a 0.3 percent increase domestically. On a constant currency basis, sales increased 2.8 percent. The company’s full year sales increased 7.5 percent to 8 billion dollars, reflecting a 13.3 percent increase...

Fashion

Skechers continues expansion into football with new ambassador

Footwear brand Skechers is continuing to expand its reach in football with the signing of Arsenal and Ukrainian national team defender Oleksandr Zinchenko as its latest ambassador. Zinchenko joins the footwear brand’s all-star roster of elite pros, which includes England’s national football team captain Harry Kane and will compete in Skechers...

Fashion |In Pictures Featured

Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...

Business

Skechers calls infringement lawsuit filed by Nike 'baseless'

US footwear brand Skechers has issued a public response to a federal lawsuit filed by competitor Nike, stating the company believes the lawsuit is "baseless." Earlier this month, sportswear giant Nike filed a patent lawsuit against Skechers in California's federal court for allegedly violating its Flyknit patents. Nike's Flyknit shoes feature a...