The physical store is not dead, but it is being reprogrammed. Skechers, the U.S. footwear company known less for fashion cachet than for functional comfort, is attempting a digital leap forward with the launch of Luna—an AI-powered retail assistant installed at its new flagship in Singapore’s Punggol Coast Mall. Described as a “personal stylist,...
May 1, 2025
Sportswear company Skechers announced its first quarter 2025 financial results, reporting sales of 2.41 billion dollars, a 7.1 percent increase driven by a 7.2 percent increase internationally and a 6.9 percent increase domestically. However, due to macroeconomic uncertainty, Skechers is withdrawing its annual 2025 financial guidance. CEO Robert...
Apr 25, 2025
Skechers, The Comfort Technology Company™, has announced record full-year results for 2024, underscoring the brand’s robust global momentum across wholesale and direct-to-consumer channels. Total sales reached an unprecedented $8.97 billion, marking a 12.1% increase year-over-year, or 13.0% on a constant currency basis. This performance was...
Mar 25, 2025
President Donald Trump has signed an executive order implementing a reciprocal tariff policy, meaning that any tariffs imposed on US goods by other countries will be matched equally, leading to a wave of fresh concerns being raised, including some by the National Retail Federation (NRF). Signed last Thursday, the policy applies to tariffs and...
Feb 19, 2025
Footwear company Skechers sales of 2.21 billion dollars for the fourth quarter of FY24, increased 12.8 percent meeting Wall Street estimates of 2.22 billion dollars. However, their first-quarter fiscal year 2025 revenue guidance of 2.42 billion dollars fell 2.6 percent short of analysts' expectations. Skechers posts strong Q4 results The company...
Feb 7, 2025
Footwear and apparel brand Skechers has opened its first-ever Performance store in Canada. A new retail format offering customers an immersive experience, the store includes half-courts where customers can try out the brand’s latest products across several categories, including basketball, running, golf, soccer, and pickleball. An experiential...
Jan 21, 2025
American companies Skechers USA Inc. and L.L. Bean have reached a settlement in a patent lawsuit. Under a court order issued on December 26, 2024 by Judge Margaret Garnett of the US District Court for the Southern District of New York, L.L. Bean has agreed to cease and desist from manufacturing, importing and selling a line of shoes that...
Dec 27, 2024
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...
Oct 25, 2024
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...
Aug 2, 2024
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...
Jul 26, 2024
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...
Jul 17, 2024
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...
Jul 5, 2024