Skechers news and archive

Skechers to expand global headquarters

Footwear brand Skechers is adding more than 175,000 square foot of office, design and showroom space to its corporate headquarters in California as part of its commitment to global growth. The expansion of the Skechers corporate headquarters will span several adjacent buildings in Manhattan Beach and Hermosa Beach, California to more than double...

Report

Skechers Q3 revenues increase 7.5 percent

American shoe maker Skechers said on Thursday that its Q3 revenue for 2018 increased 7.5 percent. Profit dropped by 1.7 percent from the same period last year. The company’s sales in Q3 2018 were 1,17 billion US dollars, up from 1,09 billion US dollars a year earlier, while net earnings declined to 90.7 million US dollars. The profit margin of...

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Skechers Q2 profits fall 23.9 percent

American shoe maker Skechers said on Thursday its Q2 net profit for 2018 fell by 23.9 percent, while revenues increased by 10.6 percent from the same period last year. Hover over the graph to learn more. The company’s net profit for Q2 2018 was 45.3 million US dollars, down from 59.5 million US dollars a year earlier. Revenues rose to 1,134.8...

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Skechers´ Q1 profits increase 25.2 percent

US shoe maker Skechers said on Thursday its Q1 net profit increased 25.2 percent. Revenues increased by 16.5 percent from the same period last year. The company’s net profit for Q1 2018 was 117.7 million US dollars, up from 94 million US dollars a year earlier. Revenues increased to 1250 million US dollars. Skechers USA, Inc. Was founded 1992...

Management

Skechers posts 9.5 percent rise in Q1 same-store sales

For the first quarter ending March 31, 2018, sales at Skechers USA Inc grew 16.5 percent as a result of a 17.9 percent increase in the company’s international wholesale business, an 8.5 percent increase in the company’s domestic wholesale business, and a 26.4 percent increase in its company-owned global retail business. Comparable same store...

Business

Skechers to move into wholesale apparel

Skechers is now moving past footwear for its lifestyle brand. The worldwide label has now moved into wholesale with new apparel offerings. Skechers Apparel will launch in over 117 concept store locations in the U.S. along with 120 concept stores overseas, as reported by Apparel News. The company is expanding its merchandise by moving into...

ManagementFeatured

Skechers Q4 sales jump 27 percent

Fourth quarter sales at Skechers USA Inc. grew 27 percent to 970.6 million dollars as a result of a 40.2 percent increase in the company’s international wholesale business, an 11.6 percent increase in the domestic wholesale business, and a 25.8 percent increase in its company-owned global retail business. Comparable same store sales increased 12...

Fashion

Barco Uniforms partners with Skechers for a new collection

Barco Uniforms just announced a new partnership. The lifestyle brand recently teamed with footwear brand Skechers USA, Inc. to launch a global innovative scrub collection: Skechers by Barco. The new collection was designed with health care professionals in mind. As Barco Uniforms is known for its functionality as well as innovative products,...

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Skechers hires John Vandemore as Chief Financial Officer

Skechers USA has appointed John Vandemore to serve as Chief Financial Officer. The company said, this expansion of the Skechers executive team will allow David Weinberg—who had been filling both CFO and COO roles—to focus more attention on the company’s operations in support of its continued growth around the globe. Vandemore will report...

ManagementFeatured

International business growth boosts Skechers' Q3 result

Skechers USA net sales for the third quarter increased 16.2 percent to 1.095 billion dollars compared to third quarter 2016. Earnings from operations were 116.5 million dollars or 10.6 percent of net sales, which was an increase of 13.1 million dollars or 12.7 percent over the third quarter of 2016. Net earnings increased 41.8 percent to 92.3...

ManagementFeatured

Skechers reports 17 percent jump in Q2 net sales

Second quarter net sales at Skechers increased 16.9 percent to 1.026 billion dollars, which the company attributed to a 6.4 percent increase in the company’s domestic wholesale business, an 18.6 percent increase in the company’s international wholesale business, and a 28 percent increase in its company-owned global retail business, which...

Management

Skechers crosses 1 bn dollars sales mark in Q1

Skechers net sales for the first quarter, increased 9.6 percent to 1.073 billion dollars compared to first quarter 2016. The growth was, Skechers said, the result of a 16.8 percent increase in the company’s international wholesale business and a 12.8 percent increase in its company-owned global retail business, which included comparable same...