All Skechers articles
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News briefs
Skechers President Michael Greenberg enters the Footwear News Hall of Fame
Skechers’s co-founder and President, Michael Greenberg, has been inducted into the Footwear News 2025 Hall of Fame. “Honoring his indelible imprint on the footwear industry, the accolade recognizes Greenberg’s many achievements, including his global retail vision which now encompasses 5,300 Skechers stores—key to the brand’s position as the world’s third-largest ...
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ArticleAdvance Capital Partners and Mass to acquire Leder & Schuh
Advance Capital Partners, a Slovenian private equity firm, and Mass, a Slovenian retailer, have reached an agreement with owners of Leder & Schuh to acquire the Austrian company. With roots dating back to 1872, Leder & Schuh is one of Europe’s oldest footwear retailers. It operates 210 Humanic and Shoe4You ...
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News briefs
3G completes the acquisition of Skechers
On Sept 12, 3G Capital completed the acquisition of Skeckers, taking the US footwear company private. On the same day, Skechers’ shares stopped trading on the New York Stock Exchange. The acquisition was announced on May 5, 2025. Skechers will continue to be led by its executive management team, including ...
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News briefs
3G obtains regulatory clearance to buy Skechers
Skechers U.S.A., Inc. and 3G Capital published a statement that all necessary regulatory approvals have been received to proceed with 3G Capital’s acquisition of the California-based footwear and apparel brand. The transaction, disclosed in May, is expected to close on Sept. 12, 2025, subject to customary conditions. As part of ...
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ArticleSkechers surprises with strong Q2
After a varied start to the year, Skechers surprised with strong momentum in the second quarter – thanks mainly to a boom in demand in Europe and positive currency effects. While US markets are stagnating and China is weakening, the company is benefiting from its strong international presence. Sales rose ...
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News briefs
Skechers rejects Kizik’s allegations of patent infringement for Slip-ins
Skechers said that it will “vigorously” defend the patent suit filed in a Texas court against it by Kizik Design, alleging that the entire line of Skechers Hands Free Slip-ins infringe Kizik’s patents. The company believes that the allegations “are baseless.” “As owners of a vast portfolio of intellectual property, ...
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News briefs
Injunction denied in lawsuit over 3G’s acquisition of Skechers
A California district court has denied a motion for injunction from the Key West Police Officers & Firefighters Retirement Plan to stop the acquisition of Skechers by 3G Capital Partners. The plaintiff, the court says, has failed to specify information that has not yet been supplied, regardless of Skechers’ failure ...
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ArticleMass plans to triple revenues thanks to support of a private equity firm
Advance Capital Partners, a Slovenian private equity firm, has reached a deal to acquire a 60 percent stake in Mass in order to finance the development of the Slovenian footwear retailer across Central and Eastern Europe and triple its revenues in five years. The deal is expected to be finalized ...
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News briefs
Pension fund sues Skechers regarding acquistion by 3G
A pension fund, the Key West Police Officers & Firefighters Retirement Plan, has filed suit in Los Angeles Federal Court against Skechers, according to Reuters and others. The fund is suspicious of Skechers’ proposed acquisition by 3G. Its filing cites another article by Reuters, which itself cites Tom Nikic, who ...
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ArticleUS footwear brands call for tariff exemption
The Footwear Distributors and Retailers of America (FDRA) has addressed an open letter to the US President, Donald Trump, asking the removal of reciprocal tariffs for footwear. The letter was signed by 76 brands, including the sneaker giants Nike, Adidas, Puma and Skechers. The letter dated April 29 started by ...
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ArticleSkechers goes private as it is acquired by 3G Capital
Skechers has agreed to be acquired by the investment firm 3G Capital in a $9.4 billion deal that will lead to the delisting of the US footwear company. Skechers will continue to be led by its Chairman and CEO, Robert Greenberg, President, Michael Greenberg, and Chief Operating Officer, David Weinberg. ...
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ArticleSkechers pulls FY guidance amid trade uncertainty after ‘exceptional’ Q1
Skechers withdrew its sales and earnings guidance for the full year amid heightened macroeconomic uncertainty and signs of weakening US consumer sentiment due to global trade policy developments. “As we began 2025, we communicated our belief reflected in our annual guidance that this would be another year of growth on ...
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ArticleSkechers sees signs of stabilization in China, caution in US
Skechers has seen signs of stabilization in its business in China although it expects there will continue to be near-term headwinds in the market, which it sees representing a significant long-term growth opportunity. “China is performing basically in line with our expectations, which I think, from a positive perspective, would ...
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News briefs
Skechers opens stores in Milan and Stockholm
Skechers has opened its doors on one of Milan’s most famed shopping boulevards: Corso Buenos Aires. The US brand has three additional stores in the Italian city. Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is ...
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ArticleSkechers sees solid growth despite China challenges, forex headwinds
Skechers anticipates another year of solid growth in 2025, despite expectations of only a gradual improvement in the important Chinese market, along with foreign exchange and other headwinds. In 2025, Skechers projects sales of $9.70-9.80 billion, reflecting growth of about 8.7 percent at the midpoint, with foreign exchange headwinds seen ...
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News briefs
Skechers opens its first Skechers Performance store
Skechers opened its first Skechers Performance store in the world at the West Edmonton Mall in Canada. The more than 7,500-square-foot store is “an experiential retail space, complete with half-courts and the brand’s extensive offering including its renowned basketball, running, golf, soccer and pickleball technologies,” the US brand explained. The ...
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News briefs
Skechers opens flagship store in Prague
On Dec. 19, Skechers opened a 596-square-meter flagship store in the center of Prague, in the city’s high street, Na Příkopě. The location offers an extensive range of footwear, apparel and accessories for the entire family. The US brand now has eight Skechers retail locations in the Czech Republic and ...
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ArticleSkechers to move to a new European distribution center in 2028
Skechers will relocate its European Distribution Center (EDC) operations to a larger and single-structure facility in Liège, Belgium, as it expands its business throughout the continent. To ensure seamless, uninterrupted operations, the Skechers EDC will start its gradual move in 2028 to a new 200,000-square-meter site, which will be located ...
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ArticleSkechers sees India rebound as China stumbles in Q3
Skechers’ revenues in India jumped by 24 percent in the third quarter of 2024, rebounding after suffering in the previous quarter in the face of changing regulatory requirements, while sales in the Chinese market declined by 5.7 percent to $252.4 million as an economic slowdown in that market affects consumer ...
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ArticleSkechers faces challenging conditions in China
Skechers is facing “challenging” conditions in China and that could result in a “disappointing” performance in the country in the second half of the year. The US footwear company however declined to provide a forecast regarding its performance in China. In the first half of 2024, Skechers’ sales in China ...
