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skechers news and archive

Business

Skechers reports sales recovery over Q2

Sales at Skechers USA Inc., decreased 3.9 percent as a result of a 4.1 percent decrease in the company’s international business and a 3.7 percent decrease in its domestic business. The company said in a statement that gross margins remained relatively flat at 48.1 percent, earnings from operations decreased 55.3 million dollars or 37.5 percent...

5 hours ago

Fashion

Skechers donated over 16 million pairs of shoes to children in need

Skechers, the California-based lifestyle footwear company, has to date donated over 16 million pairs of shoes to children in need around the world. Its latest support initiative includes 105,000 pairs currently en route to Lebanon, Romania and Nicaragua. Other donations include footwear to victims of the wildfires in the West, hurricanes in the...

7 Oct 2020

Retail

Skechers to donate to Greater Toronto Area shelters

Global lifestyle brand, Skechers, has expanded its animal-saving movement with its charity, Bobs, supporting pets in need. Skechers, with sales through Bobs, has helped save more than a million animals in the US, and it now plans to protect animal shelters across Canada, starting with a 35,000 dollar donation for Greater Toronto Area shelters in...

27 Aug 2020

Fashion

Skechers donates a million masks

In partnership with various charitable organizations, the Californian shoe retailer Skechers USA Inc. plans to distribute a total of one million face masks to those in need in the USA. For example, the United Way of Greater Los Angeles organization ensures that some of the masks donated by Skechers have been distributed to health care workers...

25 Aug 2020

Fashion

Skechers launches Dr Seuss-inspired footwear collection

US footwear brand Skechers has linked up with the iconic fictional world of children’s author Dr. Seuss for a new fashion and casual collection. Skechers x Dr. Seuss is a multi-year, worldwide footwear partnership kicking off with a collection inspired by the vibrant and bold characters and designs from one of the author’s most iconic works, The...

18 Aug 2020

Retail

Skechers opens flagship store in Paris

Skechers has opened the doors of a new flagship store on Rue de Rivoli, one of Paris’ biggest shopping boulevards. The 5,859-square-foot store offers a range of the brand’s footwear and apparel collections for men, women and kids. “Skechers has built a solid and loyal consumer base in France, and Parisians love to wear the brand, so it’s...

12 Aug 2020

Business

Covid-19 pandemic hits Skechers’ Q2 sales

Second quarter sales at Skechers decreased 42 percent to 730 million dollars as a result of a 37.8 percent decrease in its international business and a 47.3 percent decrease in the company’s domestic business, reflecting the impact of the global pandemic. Net loss was 68.1 million dollars in the second quarter and diluted loss per share was 44...

24 Jul 2020

Business

Skechers revenue drops 42 percent for Q2

The company said on Thursday its Q2 net loss slipped. Revenues slipped by 42 percent from the same period last year. The company's net profit for Q2 was -68 million dollars, down from 75 million dollars a year earlier. Furthermore, revenues slipped to 730 million dollars. Compared to 6 percent a year ago, the profit margin of the company dropped...

24 Jul 2020

Business

Skechers Q1 sales and profit plummet due to coronavirus outbreak

First quarter sales at Skechers USA, Inc., decreased 2.7 percent to 1.24 billion dollars, as a result of a 6.8 percent decrease in its international business, which was partially offset by a 2.9 percent increase in the company’s domestic business. On a constant currency basis, the company’s total sales decreased 1.2 percent. Comparable same...

24 Apr 2020

Fashion

Skechers withdraws Q1 outlook on uncertainty of the global retail scenario

Skechers USA, Inc. has announced that it is temporarily closing its company-owned Skechers retail stores in North America and select European markets through March 28, 2020 and is withdrawing its first quarter 2020 guidance due to the continuing impact of the COVID-19 outbreak and the resulting uncertainty of the global retail landscape. The...

18 Mar 2020

Fashion

Skechers announces new creative collaboration with Goodyear

Sneakers and tires might seem an unlikely pair, yet Skechers has teamed up with international tire and rubber company Goodyear for a footwear collaboration. The footwear brand will incorporate Goodyear rubber technology in custom Skechers outsoles across select styles to will deliver increased grip, stability and durability to the sneakers....

27 Feb 2020

Business

Skechers Q4 sales and profit increase

Sales at Skechers USA Inc., grew 23.1 percent as a result of a 31.2 percent increase in the company’s international business or 32.3 percent on a constant currency basis, and a 13 percent increase in its domestic business to 1,330.7 million dollars. On a constant currency basis, the company’s total sales increased 23.8 percent. Comparable same...

7 Feb 2020