All Skechers articles – Page 6
-
ArticleThe casual shoe market grew by 6.0% in 2019
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market grew by 6.0 percent in terms of invoiced dollars to an estimated level of $20.8 billion in 2019, in spite of strong competition from the athletic footwear brands in the disputed ...
-
News briefs
Skechers launches Dr. Seuss collection
Skechers is bringing Dr. Seuss’ world into wearable designs in its shoes for women and kids through a new multi-year worldwide partnership. The new Skechers x Dr. Seuss collection is debuting with “The Cat in the Hat,” one of Dr. Seuss’ famous characters, featured in popular styles from Skechers Street, ...
-
ArticleSkechers posts loss in Q2, builds on e-commerce momentum
The pandemic significantly impacted Skechers during the second quarter, as it ended the period with a net loss of $68.1 million against a profit of $75.2 million for the same quarter last year. Its revenues tumbled by 42.0 percent to $729.5 million, or by 41.0 percent in constant currencies. These ...
-
News briefs
Global children’s footwear market seen up annual 4% to 2024
The global market for children’s footwear is expected to grow by $8.65 billion between 2020 and 2024, representing an average annual increase of almost 4 percent, with the launch of exclusive designer footwear being instrumental in driving the market higher, according to the research and advisory firm Technavio. In a ...
-
Article
U.S. footwear retailers reopen amid consumer wariness
American footwear retailers are gradually reopening with the staggered lifting of the lockdown in the U.S., but local consumers have expressed unease about shopping as the country continues to be affected by the Covid-19 pandemic.
-
News briefs
Skechers makes donation to Petco
Skechers has donated more than $509,000 to the Petco Foundation, bringing its total contributions toward animal welfare agencies to more than $5.45 million. The latest donation stems from the proceeds of the Bobs from Skechers collection. Petco is helping pet shelters and other such agencies in the U.S. handle some ...
-
Article
Skechers’ Q1 net falls by 55%
Skechers USA reported a drop of 54.9 percent to $49.1 million in its net earnings for the first quarter ended March 31 on 2.7 percent lower revenues of $1,242 million. In terms of local currencies, sales were down by 1.2 percent, with a small increase of 2.9 percent in the ...
-
Article
Skechers invests in omni-channel
In reporting a strong 23.1 percent increase in overall revenues to $1,330 million for the fourth quarter of 2019, Skechers’ management revealed that it is developing a new omni-channel retailing platform where its brick-and-mortar stores will be more integrated with its e-commerce operations. Online sales still represent less than ...
