All Skechers articles – Page 3
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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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News briefs
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 ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleShein is about to roll out its market place in Germany, Spain, France, Italy
Shein, the Singapore-based fast-fashion online retailer, announced that it is expanding its marketplace to Mexico, and that launches in Germany, Spain, France and Italy “will soon follow suit.” The marketplace was previously rolled out in Brazil and the U.S. Shein noted that the local marketplaces offer products from third parties ...
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ArticleM&S adds Skechers, Crocs and Toms to its online platform
The British retailer Marks & Spencer (M&S) is adding the footwear brands Skechers, Crocs and Toms to its Brands at M&S online platform as part of an effort to boost sales during the summer period. Richard Price, managing director of Clothing & Home at M&S noted that the retailer’s ”footwear ...
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ArticleThe U.S. wholesale channel is Skechers’ most challenged marketplace
Currently, the U.S. wholesale market is probably the “single most challenged marketplace” for Skechers, while India is one of its most “exciting” markets. The company continues to see “robust” consumer demand in Europe, while China continues to offer “ample opportunity” to grow, explained John Vandemore, Skechers’ chief financial officer, during ...
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ArticleU.S. footwear stocks tumble after Foot Locker’s profit warning
Shares in U.S. footwear companies nosedived after Foot Locker issued a profit-warning due to the softening of market conditions and the need to increase markdowns to reduce inventories. Mary Dillon, Foot Locker’s president and chief executive officer, said that since the launch of the company’s Lace Up Strategy at its ...
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ArticleSkechers lifts full-year guidance after strong Q1, but braces for continued domestic wholesale headwinds
Skechers raised its guidance for earnings and revenues for the full year after reporting better-than-expected results in the first quarter, when its top line rose by a reported 10.0 percent compared to the year earlier to reach a new record for the period of $2,001.9 million, coming in above an ...
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News briefs
Skechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
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ArticleThe stocks of former IPO stars Allbirds and Dr. Martens continue their freefall in Q1
The prices of stocks monitored by Shoe Intelligence rebounded by about 5 percent overall in the first quarter of 2023 compared with the previous three months driven by some key clusters such as large U.S. footwear companies, online retailers and luxury goods groups. However, both Allbirds and Dr. Martens, previously ...
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Footwear ad spend in Germany totalled €185m in 2022
Footwear companies have invested more than €185 million in advertising in 2022 in Germany, with shoe manufacturers accounting for the lion’s share, a survey from market analysis firm Research Tools and data specialist AdVision digital showed. Almost one third of total expenditure was attributable to retailers, according to the ...
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News briefs
Skechers enters a new fashion collaboration
Skechers has teamed up with style icon Diane von Furstenberg of luxury fashion brand DVF for Skechers first-ever footwear and apparel collab. Skechers x DVF features Furstenberg’s signature prints and bold colors and launches with the Endless Kisses capsule featuring the DVF “Lips” print. The collection aims to reflect ...
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News briefs
Skechers opens 2 more stores in Spain
Skechers is planning to open new stores in the Spanish cities of Jerez de la Frontera and Valencia this year, according to Palco23. The store in Jerez will have a surface area of 256 square meters while the one in Valencia, within the Bonaire Outlet shopping mall, will have a ...
