Welcome to our dedicated page for Skechers Usa news (Ticker: SKX), a resource for investors and traders seeking the latest updates and insights on Skechers Usa stock.
Skechers USA Inc (NYSE: SKX) is a global leader in lifestyle and performance footwear, serving consumers through innovative designs and multi-channel distribution. This news hub provides investors and industry observers with direct access to the company's official announcements and market developments.
Track all essential updates in one centralized location, including quarterly earnings reports, product innovation launches, and strategic partnership announcements. Our curated collection ensures timely access to press releases directly from Skechers' corporate communications team, alongside relevant financial analyses.
Discover updates spanning wholesale operations, retail expansion initiatives, and licensing agreements that shape Skechers' market position. The company's commitment to comfort technology and celebrity-endorsed marketing campaigns remains evident across its communications.
Bookmark this page for convenient access to SKX's latest operational milestones and financial disclosures. Check back regularly to stay informed about this footwear innovator's evolving business strategy and industry leadership.
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SKECHERS USA, a global footwear leader, announced that CFO John Vandemore will participate in a fireside chat at the UBS Global Consumer & Retail Conference in Boston on March 9, 2022, at 1:00 p.m. ET. The chat will be available live and on replay for 90 days on the company's website. SKECHERS designs and markets a wide range of footwear and accessories, operating retail stores and e-commerce sites across the U.S. and over 180 countries.
Skechers, the Comfort Technology Company™, announces its role as the Official Footwear Sponsor of the US OPEN Pickleball Championships starting April 23 in Naples, FL. The company will launch a new line of pickleball footwear, including the Viper Court shoe, designed for both casual and competitive players, featuring advanced comfort technology. This multi-year partnership includes providing footwear to event volunteers and a booth for fans to experience and purchase products. Skechers aims to capitalize on the growing popularity of pickleball, reinforcing its presence in the performance footwear market.
Skechers has launched a global campaign featuring music legend Willie Nelson during the Super Bowl. The campaign includes two commercials showcasing Nelson's iconic song "On the Road Again" and a humorous take on his advocacy for comfort. Michael Greenberg, president of Skechers, highlights Nelson's broad appeal and genuine personality as key factors for the campaign's impact. This is the ninth time Skechers has advertised during the Super Bowl, emphasizing their leading position in comfort footwear with technologies like Skechers Arch Fit, Max Cushioning, and more.
Skechers reported strong financial results for Q4 and FY 2021, marking significant growth across sales and earnings. Q4 sales reached $1.65 billion, up 24.4% YoY, driven by a 30.3% rise in Direct-to-Consumer and 30.1% in International Wholesale. The company achieved a record annual sales milestone of $6.29 billion, an increase of 36.7% from 2020. Skechers' diluted EPS hit $2.56, boosted by a tax benefit of $346.8 million. A $500 million share repurchase program was authorized to enhance shareholder value. The outlook for Q1 2022 anticipates sales between $1.675 billion and $1.725 billion.
SKECHERS USA, Inc. (NYSE: SKX) will release its fourth quarter and full year 2021 financial results on February 3, 2022, after market close. A conference call, featuring COO David Weinberg and CFO John Vandemore, is scheduled for 4:30 p.m. ET on the same day. Investors can access the call through the Investor Relations section of the company’s website. A replay will be available starting at 7:30 p.m. ET on February 3, 2022, until February 17, 2022.
Skechers has partnered with television personality Amanda Kloots to enhance its brand presence. Kloots, known for her fitness and dance background, will join Skechers' ambassadors in a campaign across North America promoting footwear and apparel. She emphasized the comfort of Skechers products, stating they suit her active lifestyle. Skechers aims to leverage Kloots' popularity to reach a broader audience. This collaboration aligns with the brand's focus on innovative comfort technologies and may strengthen its market position in the competitive footwear industry.
Skechers has transitioned from a third-party distributor to its own operation in the Philippines, establishing Skechers USA Philippines, Inc. This move aims to enhance brand growth in the region. Skechers plans to leverage its lifestyle collections and comfort innovations to tap into the 100 million consumers in the Philippines. The company is setting up new offices, a distribution center, and retail stores, with more openings planned for 2022. This strategic shift underscores Skechers' commitment to expanding its market presence in Southeast Asia.
Skechers USA, Inc. (NYSE:SKX) announced the appointment of Zulema Garcia to its Board of Directors, effective immediately, and the resignation of four board members, reducing the total number of directors to seven. Ms. Garcia, previously with Herbalife and KPMG LLP, will serve on the Audit Committee. CEO Robert Greenberg emphasized the importance of fresh perspectives for the company's strategic plans. The changes come as Skechers aims to maintain its competitive edge in the athletic lifestyle footwear market.
Skechers has launched the x Hoop ’Til It Hurts! charitable line, featuring basketball shoes and slides aimed at supporting children in underserved communities across the U.S. The partnership with Hoop ’Til It Hurts Foundation will enhance youth sports participation and provide funding for athletic apparel and tournament costs. The collection includes styles like Powershot – Skech-Hops, Durox – Skech-Speed, and Gambix X – Skech-Revs, available through various retail channels. This initiative aligns with Skechers' commitment to philanthropy and community support.
