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Skechers news and archive

Kanye estimates two billion dollar losses following anti-Semitic rants

Kanye West lost two billion dollars in a single day, he said Thursday, as business partners rushed to dump the rapper in the wake of a series of anti-Semitic outbursts. The music and fashion mogul has seen lucrative commercial tie-ups shelved as companies including Adidas and Gap took fright at comments dubbed hate speech by activists. "I lost...

28 Oct 2022

Business

Skechers releases statement after Ye shows up at headquarters unannounced

Footwear giant Skechers has affirmed that it has “no intention” to work with Ye, formerly Kanye West, after the controversial artist appeared at the company’s Los Angeles headquarters unannounced. The rapper, who has just had partnerships with the likes of Adidas and Balenciaga scrapped due to his recent hate speech, showed up at Skechers’...

27 Oct 2022

BusinessFeatured

Skechers Q3 sales increase 20.5 percent, sets target of 10 billion dollars by 2026

Skechers U.S.A., Inc. reported a third quarter sales increase of 20.5 percent as a result of a 14.9 percent increase domestically and a 24.6 percent increase internationally, driven by strength in wholesale sales. For the fourth quarter of 2022, the company believes it will achieve sales between 1.725 billion dollars and 1.775 billion dollars...

26 Oct 2022

Business

Skechers sues Hermès over patent infringement

Footwear brand Skechers has filed a case against luxury fashion house Hermès in Manhattan’s federal court, claiming that two of the brand’s footwear styles infringe on a number of its patents. The Hermès designs in question, the Éclair and Envol, were launched in 2022 and incorporate mid-sole and undersole design elements. According to Skechers,...

20 Oct 2022

Business

Skechers SVP of domestic sales Rick Graham to retire

After nearly three decades with Skechers, senior vice president of domestic sales Rick Graham has announced his retirement from the company. “We’re celebrating the 30th anniversary of Skechers this year, and Rick (Graham) has been a part of our family since the beginning,” said Michael Greenberg, president of Skechers, adding, “He excelled at...

15 Sept 2022

BusinessFeatured

Strong wholesale growth drives Skechers Q2 results

Second quarter sales at Skechers USA increased 12.4 percent as a result of a 15.4 percent increase in domestic sales and a 10 percent increase in international sales, driven by strength in wholesale sales. “2022 is shaping up to be another remarkable year for Skechers with two consecutive record sales quarters, the result of our talented team’s...

27 Jul 2022

Business

Skechers Q1 sales increase by 26.8 percent

First quarter sales at Skechers U.S.A., Inc. increased 26.8 percent as a result of a 28.7 percent increase in domestic sales and a 25.5 percent increase in international sales, primarily driven by strength in wholesale sales. The company said in a release that both segments experienced increases, with wholesale increasing 32.7 percent and...

27 Apr 2022

Business

Skechers appoints Yolanda Macias to its board of directors

Skechers U.S.A. Inc. has announced the appointment of Yolanda Macias to its board of directors. The company said in a release that this appointment brings the total number of directors to eight, including five independent members, three of whom are women appointed over the last three years. “Given the growing emphasis on the fast-changing world...

6 Apr 2022

Business

Skechers signs lease for digital land in Decentraland metaverse

Sportswear retailer Skechers is set to make its move into the metaverse, signing a lease for a retail space in Decentraland’s Fashion District. Additionally, the company also filed a number of international trademark applications to sell virtual goods, such as footwear and apparel, as it plans to continue expanding into the digital world. “Our...

10 Mar 2022

Retail

Moss Bros. and Skechers to open flagships in Woking

Formalwear brand Moss Bros. and footwear retailer Skechers are both set to open flagships at Victoria Place in Woking, later this spring. Occupying a 2,742 square foot boutique on Henry Plaza, the Moss Bros. store will be home to the brand’s full collection of clothing footwear and accessories, including its recently launched casualwear range...

1 Mar 2022

BusinessFeatured

Skechers Q4 sales improve 24.4 percent, earnings jump

Fourth quarter sales at Skechers increased 24.4 percent as a result of a 9.8 percent increase in domestic sales and a 34 percent increase in international sales. Domestic and international growth, the company said in a release, was driven by increases in both wholesale and direct-to-consumer, with the largest improvement attributable to...

4 Feb 2022

Business

Skechers appoints Zulema Garcia to its board of directors

Skechers USA, Inc. has announced that Zulema Garcia joined its board of directors and the company’s audit committee. In addition, the company announced that four current members – Jeffrey Greenberg, Geyer Kosinski, Richard Rappaport and Tom Walsh – have resigned from the board, bringing the total number of directors to seven. Garcia, the company...

21 Dec 2021