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Skechers U.S.A., Inc. - SKX STOCK NEWS

Welcome to our dedicated page for Skechers U.S.A. news (Ticker: SKX), a resource for investors and traders seeking the latest updates and insights on Skechers U.S.A. stock.

Skechers U.S.A., Inc. (symbol: SKX) is a global leader in the high-performance and lifestyle footwear industry, boasting a two-billion-dollar market presence. The company designs, develops, and markets over 3,000 styles catering to men, women, and children. Skechers' achievements are deeply rooted in its dedicated employees, high-quality and diverse product offerings, and extensive domestic and international distribution channels. The company's success is further amplified by its targeted multi-channel marketing strategies.

Skechers operates through two main footwear categories:

  • Lifestyle Division: This includes popular lines like Skechers Memory Foam and BOBS from Skechers, a charity initiative.
  • Skechers Performance: Featuring the well-known Skechers GOrun and Skechers GOwalk footwear, designed for athletic and casual wear.

In addition to footwear, Skechers has expanded its brand through licensing agreements to offer a wide range of products, including apparel, bags, eyewear, and more. The company's products are available through various sales channels such as department and specialty stores, athletic and independent retailers, boutiques, and internet retailers.

Endorsements from celebrities like Ringo Starr, Demi Lovato, Kelly Brook, Brooke Burke-Charvet, Joe Montana, Joe Namath, and Pete Rose bolster the brand's appeal and visibility in the market.

Skechers' operations are divided into two segments: Wholesale and Direct-to-Consumer, with the Wholesale segment generating the maximum revenue. This strategic segmentation allows the company to efficiently manage its vast array of products and distribution channels.

With continuous innovation and expansion, Skechers remains a significant player in the global footwear market, known for its commitment to quality and customer satisfaction.

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Skechers USA, Inc. (NYSE: SKX), a global footwear leader, has announced that its Chief Financial Officer, John Vandemore, will participate in a fireside chat at the Wells Fargo Consumer Conference in Dana Point, CA on September 19, 2024, at 11:00 a.m. PT / 2:00 p.m. ET. The audio of the chat will be available live and on replay for 90 days on the company's investor website.

Skechers, known as The Comfort Technology Company™, designs and markets a wide range of footwear, apparel, and accessories. With products available in 180 countries and territories, Skechers operates through department stores, specialty stores, and approximately 5,200 Skechers retail stores. As a Fortune 500® company, Skechers manages its international business through wholly-owned subsidiaries, joint ventures, and distributors.

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Skechers, a global footwear leader, will participate in the Goldman Sachs Global Retailing Conference on September 4, 2024, at 12:55 p.m. PT / 3:55 p.m. ET. John Vandemore, the Company's Chief Financial Officer, will represent Skechers in a fireside chat.

The audio of this chat will be available live and on replay for 90 days on the Company's website at investors.skechers.com.

Skechers, known as The Comfort Technology Company™, designs and markets a wide range of lifestyle and performance footwear, apparel, and accessories in over 180 countries. The company operates around 5,200 retail stores globally and manages its international business through subsidiaries, joint ventures, and distributors.

For more details, visit about.skechers.com or follow the company on social media platforms like Facebook, Instagram, and TikTok.

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Petco Love and BOBS® from Skechers® are celebrating National Matchmaker Day on August 31st by recognizing the vital role of adoption coordinators at over 4,000 animal welfare partner shelters across the US. These dedicated staff members, known as Matchmakers, use their expertise to pair adoptable pets with suitable families.

Adoption counselors emphasize the importance of keeping an open mind during the adoption process, as some of the best matches can be unexpected. They encourage potential adopters to look beyond appearances and consider a pet's personality and needs.

In its 25th anniversary year, Petco Love has helped find homes for over 6.9 million pets and invested nearly $400 million in adoption and lifesaving efforts. BOBS® from Skechers® continues to support pet adoptions at shelters, highlighting the important work of Matchmakers nationwide.

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Skechers has signed football legend Ruud Gullit as its first ambassador for Benelux. The former Netherlands National Team captain will feature in multi-platform marketing campaigns for Skechers' footwear and apparel collections, starting with Skechers Hands Free Slip-ins®.

Gullit, a two-time World Soccer Player of the Year, expressed his enthusiasm for Skechers' versatile range, comfort, and style. He emphasized the brand's alignment with his values as a former professional footballer and its suitability for various occasions.

Maurice van Berkel, Country Manager of Skechers USA Benelux B.V., highlighted Gullit's charisma and instant connection with fans across the region. This partnership aims to enhance Skechers' brand growth in Benelux, joining other football stars in Skechers' European marketing efforts.

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Skechers (NYSE: SKX) has signed comedian and TV personality Howie Mandel as its newest brand ambassador. The partnership originated from a humorous incident where Mandel was caught trying to get a discount on Skechers Hands Free Slip-ins® by falsely claiming to be a Skechers ambassador. This led to an official invitation to join Team Skechers and appear in a marketing campaign.

Mandel, known for hosting America's Got Talent, praised the comfort and convenience of Skechers Hands Free Slip-ins, particularly noting how they accommodate his OCD by eliminating the need to touch the shoes. Skechers CEO Robert Greenberg and President Michael Greenberg expressed excitement about the partnership, highlighting Mandel's popularity and ability to connect with millions of fans.

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Skechers (NYSE:SKX) has launched a new footwear collection in collaboration with John Deere, targeting agricultural professionals, construction workers, outdoor enthusiasts, and children. The Skechers x John Deere collection combines John Deere's heritage with Skechers' innovative comfort technologies, including Skechers Hands Free Slip-ins® Technology, Skechers Arch Fit®, and composite toe protection.

The collection features all-terrain sneakers with Goodyear® Performance Outsoles, waterproof materials, and protective features like nano carbon safety and PORON® XRD metatarsal protection. The children's line includes tractor-inspired designs with S-Lights® and machine washable technology. The new collection is now available at Skechers retail stores, www.skechers.com, and select retailers worldwide.

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Skechers has expanded its roster of athletes by signing Los Angeles Sparks forward Rickea Jackson to Team Skechers. Jackson, the WNBA's first-round draft pick, joined after experiencing the brand's signature Comfort That Performs in Skechers Basketball shoes. She expressed enthusiasm about being the first WNBA player to partner with Skechers, praising the comfort and design of their footwear.

Skechers President Michael Greenberg highlighted Jackson's addition to their focused roster of professional basketball athletes, which includes NBA stars like Joel Embiid and Julius Randle. The company introduced the SKX NEXUS™, a low-top court shoe designed for speed, stability, and support, featuring Skechers Move Foam™ and Goodyear® rubber for enhanced traction. Skechers Basketball footwear will be available globally by August 2024.

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Skechers (NYSE:SKX) reported record second quarter sales of $2.16 billion, a 7.2% increase year-over-year. Direct-to-Consumer sales grew 9.2% and Wholesale sales grew 5.5%. The company achieved diluted earnings per share of $0.91. Skechers saw growth across all regions: 7% in the Americas, 14% in EMEA, and 2% in Asia Pacific. The company's gross margin improved to 54.9%, up 220 basis points. However, operating margin decreased to 9.6% from 10.8% in the previous year. Skechers' Board authorized a new $1 billion share repurchase program. The company raised its full-year outlook for sales and earnings, now expecting fiscal year 2024 sales between $8.875 and $8.975 billion and diluted EPS between $4.08 and $4.18.

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Skechers (NYSE:SKX) has partnered with American beach volleyball pros Andy Benesh and Miles Partain for their debut in Paris. The athletes will compete in Skechers-branded apparel and headwear, including hats, tank tops, and shorts made with innovative performance materials. This marks Skechers' first major involvement in beach volleyball through apparel sponsorship.

The partnership aligns with Skechers' beach-centric roots, as their headquarters is near the Manhattan Beach Open. Benesh and Partain, both accomplished players with notable achievements, expressed enthusiasm for the collaboration, citing Skechers' understanding of beach lifestyle and comfort as key factors. Skechers President Michael Greenberg highlighted the company's commitment to delivering high-performance apparel for elite athletes across various sports.

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Skechers has expanded its soccer boot range, bringing Harry Kane's signature boots to the US market. Known for their performance and comfort, these boots are worn by elite players such as Kane and other Premier League stars. The new Skechers Evolution pack includes the lightweight Razor boots and customizable SKX_01 boots, available in both low and high-top versions.

In addition to Elite styles, Skechers plans to introduce entry-level and youth boots to cater to all levels of play. With a growing roster of professional athletes and an expanding global reach, Skechers aims to revolutionize the soccer footwear market.

Boots will be available at Skechers websites, retail stores, and specialty football retailers worldwide.

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FAQ

What is the current stock price of Skechers U.S.A. (SKX)?

The current stock price of Skechers U.S.A. (SKX) is $69.09 as of January 3, 2025.

What is the market cap of Skechers U.S.A. (SKX)?

The market cap of Skechers U.S.A. (SKX) is approximately 10.6B.

What does Skechers U.S.A., Inc. specialize in?

Skechers specializes in designing, developing, and marketing over 3,000 styles of high-performance and lifestyle footwear for men, women, and children.

What are the main product categories of Skechers?

Skechers offers two main product categories: Lifestyle Division (including Skechers Memory Foam and BOBS from Skechers) and Skechers Performance (including Skechers GOrun and Skechers GOwalk).

Who are some of the celebrity endorsers for Skechers?

Celebrity endorsers for Skechers include Ringo Starr, Demi Lovato, Kelly Brook, Brooke Burke-Charvet, Joe Montana, Joe Namath, and Pete Rose.

How does Skechers distribute its products?

Skechers distributes its products through department and specialty stores, athletic and independent retailers, boutiques, and internet retailers.

What additional products does Skechers offer through licensing agreements?

Through licensing agreements, Skechers offers branded apparel, bags, eyewear, and more.

What are the operating segments of Skechers?

Skechers operates through two segments: Wholesale and Direct-to-Consumer, with the Wholesale segment generating the most revenue.

What is the significance of BOBS from Skechers?

BOBS from Skechers is a charity line within the Lifestyle Division, focusing on giving back to the community.

Where is Skechers' revenue primarily generated from?

The majority of Skechers' revenue is generated from its Wholesale segment.

What is Skechers' approach to marketing?

Skechers employs targeted multi-channel marketing strategies to promote its diverse range of high-quality products.

How does Skechers ensure product quality?

Skechers ensures product quality through dedicated employees, extensive research and development, and a commitment to customer satisfaction.
Skechers U.S.A., Inc.

NYSE:SKX

SKX Rankings

SKX Stock Data

10.55B
130.45M
0.81%
95.06%
3.6%
Footwear & Accessories
Footwear, (no Rubber)
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United States of America
MANHATTAN BEACH