Skechers news and archive

Skechers unveils new AERO collection of running shoes for SS25

Meet the new Skechers AERO running shoes. This collection represents the latest evolution of technical running shoes from the brand. Each pair is designed to offer a mix of speed, style and comfort, so runners can improve their personal bests every time. Whether you're training for a race or simply enjoying the freedom of a run at any time of...

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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...

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Skechers secures FTC approval for takeover, faces lawsuit from investor

Footwear brand Skechers has received antitrust clearance from the US’ Federal Trade Commission (FTC) for its privatisation deal with 3G Capital. The global investment firm announced its proposed 9.4 billion dollar takeover of Skechers in early May, at which time it had already secured approval for the transaction by the brand’s board of...

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JPMorgan reportedly raises 6.5 billion dollar to fund sale of Skechers

Finance firm JPMorgan Chase & Co. is believed to have prepared for a 6.5 billion dollar debt offering in support of 3G Capital’s impending purchase of footwear brand Skechers. According to a source for Bloomberg, the debt sale could take place as soon as this week. The media outlet, which noted that a representative of the US corporation had...

FashionPress Release

New summer comfort: Skechers launches vegan slip-ins sandals

Summer footwear that feels like walking barefoot with a tailwind: The new Skechers Slip-Ins sandals are here – designed for effortless slip-on wear, ultimate comfort, and a smooth stride. Featuring vegan materials and clever Slip-Ins comfort technology, they perfectly capture the current zeitgeist. Anyone who dislikes buckles, laces, or bending...

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Skechers to be acquired by 3G Capital in 9.4 billion dollars deal

In a significant development in the footwear industry, Skechers U.S.A., Inc. has announced its agreement to be acquired by global investment firm 3G Capital for approximately 9.4 billion dollars. The transaction, unanimously approved by Skechers' board of directors, will transition the company from a public to a privately held entity. Commenting...

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Fashion

Skechers’ AI shop assistant is friendly, chatty—and watching what you wear

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,...

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Skechers Q1 sales up, withdraws guidance due to economic uncertainty

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...

BusinessPress Release

Skechers reports record-breaking sales in FY 2024 highlights

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...

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NRF warns of consumer impact of reciprocal US tariffs

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...

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Skechers Q1 guidance falls short of analyst estimates despite strong Q4

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...

Retail

Skechers opens world's first Performance Flagship store in Canada

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...