All Skechers articles
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News briefs
Skechers enters a footwear partnership with John Deere
Skechers has entered a footwear partnership with John Deere, an American producer of agricultural and forestry machinery as well as heavy and lawn care equipment. The companies are joining forces to offer a co-branded professional and lifestyle offering. The footwear collection is designed for ”agricultural professionals, construction workers, outdoor enthusiasts ...
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Skechers expands its presence in Belgium
Skechers opened its first store in Brussels in Rue Neuve. The 5,270-square-foot store houses the US brand’s footwear, apparel and accessory collections. With the planned openings in Kortrijk and Bruges, the brand will have seven stores in Belgium by mid-May.
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ArticleSkechers raises sales, profit guidance for 2024 as wholesale sales recovery kicks in
Skechers expects its sales will rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its direct-to-consumer (DTC) business. The guidance is ...
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Skechers accuses American Exchange Group of alleged patent infringement
Skechers filed a complaint with the US District Court in California accusing American Exchange Group of allegedly infringing on patents related to its “Scalloped Opening” shoe design. According to Skechers, American Exchange Group’s design infringes on nine of its patents. “Based on these novel and unique designs and the proven ...
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ArticleHeydude is the hottest casual footwear brand in the US - Brand Heat Index
Heydude is the hottest casual footwear brand, both among men and women in the US, while Allbirds fell out of the top 10 both for men and women, according to the 2024 U.S. Footwear and Apparel Brand Heat Index released by L.E.K. Consulting. “In 2024, competition in the footwear space ...
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Skechers renews eyewear licensing deal with Marcolin
Skechers has renewed its global eyewear licensing agreement with the Italian company Marcolin. The partnership, under which Marcolin designs, manufactures and distributes worldwide Skechers branded sunglasses and optical eyewear collections, started in 2014 and has been extended until Dec. 31, 2030.
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US SEC fines Skechers for lack of disclosure
On March 7, the US Securities and Exchange Commission (SEC) announced that Skechers agreed to pay a $1.25 million civil penalty to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. According to the US regulator, from 2019 through 2022, ...
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Skechers opens a new distribution center in Japan
Skechers is launching a new high-tech distribution center in Minato City, Tokyo. The facility was built with technology from Hai Robotics, with support from material handling consulting company MHE Solutions. The investment is meant to help Skechers meet the growing demand for its products on the Japanese market. The Hai ...
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News briefsSkechers’ store network exceeds 5,000 units
Skechers’ store network has exceeded 5,000 locations, and the US company indicates that it is on track to doubling its footprint. The 5,000th store was opened in Bogotá, Colombia. The US footwear company opened its first Skechers store in 1995 in Manhattan Beach, near its corporate offices in Los Angeles. ...
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News briefs
Skechers celebrates dismissal of shareholder lawsuit by Delaware Court
Skechers USA. Inc. has announced that the Delaware Chancery Court has dismissed with prejudice the shareholder derivative lawsuit filed on July 21, 2022, against all current and former members of the Skechers board of directors named as defendants. The court’s decision to dismiss the action with prejudice was met with ...
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ArticleSkechers cautiously optimistic on wholesale sales turnaround, DTC growth seen continuing
Skechers is cautiously optimistic about prospects for a turnaround in its wholesale business in 2024. Its direct-to-consumer (DTC) business is expected to continue growing, although likely at a slower pace than last year, as it reports that sales in the last quarter of 2023 inched up by 4.4 percent to ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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News briefs
Skechers opens a distribution center in Mumbai
Skechers inaugurated a national distribution center near Mumbai. The 600,000 square feet facility is located in the Lodha Industrial and Logistics Park in Kalyan and has a capacity to dispatch up to 60,000 pairs daily. The site represents the initial phase of a strategic partnership to develop a 1.1 million ...
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Skechers ready to “completely vindicate itself” against Nike lawsuit
Skechers has issued a response to the patent suit filed against it by Nike in a California-based federal court on Nov. 6, saying it will “vigorously defend” itself. Nike is suing Skechers for allegedly violating its Flyknit patents. Flyknit is a lightweight yarn woven into a one-piece shoe upper. A ...
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ArticleSkechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains
Skechers once again raised its earnings guidance for the full year after reporting better-than-expected results in the third quarter and despite continued uncertainty about the macroeconomic environment and consumer spending. Sales in the three months ended Sept. 30 reached a record $2,025.0 million, up by 7.8 percent compared to the ...
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Skechers launches technical basketball shoes
Just in time for the start of the new NBA season, Skechers has unveiled its first line of technical basketball shoes to be sold in North America, the Philippines and China. The first wave of Skechers basketball shoes includes two different mid-top models, SKX Resagrip and SKX Float. Skechers has ...
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News briefsSkechers launch a capsule collection with Ricardo Cavolo
Skechers has entered a collaboration with one of Spain’s most influential artists, Ricardo Cavolo. The Skechers x Ricardo Cavolo footwear capsule for women features the illustrator’s renowned flaming heart and eye imagery on a selection of three styles. The Skechers x Ricardo Cavolo limited-edition capsule is now available at skechers.com, ...
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ArticleSkechers wins EU-wide injuction against Dockers by Gerli
Skechers has obtained a European Union-wide preliminary injunction against Dockers by Gerli for selling a shoe style that the U.S. footwear company claims infringes on its proprietary Skechers Hands Free Slip-ins designs. Skechers sued Dockers for design infringement in the Düsseldorf Regional Court, Germany. In an October 5, 2023 opinion, ...
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News briefs
Skechers sues Laforst Shoes for allegedly copying its slip-in shoe design
Skechers has filed a patent infringement lawsuit accusing California-based Laforst Shoes of copying its slip-in shoe design. Skechers is accusing Laforst of infringing on five patents related to its slip-in, hands-free sneakers. The lawsuit was filed on Aug. 17 in the central district of California. In June, Skechers filed a ...
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ArticleSkechers raises earnings guidance for the year as DTC, international operations shine in Q2
Skechers raised its guidance for earnings in the full year, after its direct-to-consumer (DTC) and international operations performed strongly in the second quarter ended June 30. While its domestic wholesale business underperformed as expected, overall revenues rose by a reported 7.7 percent to $2,012.5 million and were 9.1 percent higher ...
