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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.

News

o9 Solutions Partners With Skechers to Digitally Transform the Company’s Retail Planning Processes

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o9 Solutions, a leading enterprise AI software platform provider, announced that Skechers has selected the o9 Digital Brain platform for integrated business planning within its North America retail operations. The AI-powered platform will enhance Skechers' planning and decision-making to meet consumer demand more efficiently. Skechers' Chief Information Officer, Chris Coye, expressed confidence in the platform's ability to manage inventory flow to domestic stores. Meanwhile, o9 Solutions' CEO, Chakri Gottemukkala, is optimistic about the platform's potential to enhance and accelerate Skechers' planning processes and capabilities across its North America retail business.
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Skechers to Report Fourth Quarter and Full Year 2023 Financial Results on Thursday, February 1st

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Skechers USA, Inc. (NYSE: SKX) will release its Q4 and full year 2023 financial results on February 1, 2024. The results will be reviewed by COO David Weinberg and CFO John Vandemore during a conference call. The conference call will be broadcast live and accessible on the Investor Relations section of the Company’s website.
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Skechers Responds to Nike Patent Lawsuit

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Skechers U.S.A., Inc. to Vigorously Defend Patent Suit Filed by Nike: Skechers announced its intention to defend the patent suit filed by Nike in California federal court, alleging violation of Flyknit patents. The company believes the lawsuit is baseless and an attempt by Nike to stifle legitimate competition. Skechers is confident in its ability to vindicate itself in court.
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Skechers President Michael Greenberg Named Person of the Year by Footwear News

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Michael Greenberg, president of Skechers, has been named 2023 Person of the Year by Footwear News. This is the second time he has received this honor, with the first being in 2000. Skechers was also named Company of the Year in 2022 and previously in 1998 and 2014.
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Skechers Pier to Pier Friendship Walk Celebrates 15th Anniversary With More Than $3 Million Raised for Kids

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The Skechers Pier to Pier Friendship Walk celebrated its 15th anniversary event and raised over $3 million for children with special needs, public education, and scholarships. Since its inception in 2009, the event has raised a total of over $24 million. The walk was supported by Kinecta Federal Credit Union and featured various celebrities and performances.
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Skechers Announces Third Quarter 2023 Financial Results and Record Quarterly Sales of $2.02 Billion

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Skechers reports record quarterly sales of $2.02 billion, a YoY increase of 7.8%. Diluted earnings per share also rose by 69.1% to $0.93. Direct-to-Consumer sales grew by 23.8%. Inventory decreased by $436.0 million or 24.0% from December 31, 2022. Skechers remains confident in its long-term growth strategy.
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Skechers Basketball Enters the Game

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Skechers launches its inaugural line of basketball shoes with the signing of Julius Randle and Terance Mann as brand ambassadors. The shoes offer elite performance and comfort, with two distinct mid-top styles. Skechers plans to expand its basketball market presence globally.
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Skechers Celebrates 15 Years of Giving at This Month’s Skechers Pier to Pier Friendship Walk for Kids

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The Skechers Foundation and Kinecta Federal Credit Union are partnering with celebrities Brooke Burke, Mr. T, and Amanda Kloots to support children with diverse abilities, public schools, and national scholarships. The Skechers Pier to Pier Friendship Walk aims to raise $2.5 million for these causes.
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Skechers Collaborates With Influential Artist Ricardo Cavolo

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Skechers announces second chapter of Visual Artist Series with Skechers x Ricardo Cavolo footwear capsule for women featuring renowned artist's imagery.
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Skechers Obtains European Union-Wide Preliminary Injunction Against Dockers by Gerli for Infringing on Skechers Hands Free Slip-Ins® Design Patents

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Skechers obtains EU-wide preliminary injunction against Dockers for design infringement
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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 $67.73 as of December 24, 2024.

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

The market cap of Skechers U.S.A. (SKX) is approximately 10.2B.

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.

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Skechers U.S.A., Inc.

NYSE:SKX

SKX Rankings

#848 Ranked by Market Cap
N/A Ranked by Dividends

SKX Stock Data

10.23B
130.45M
0.81%
95.11%
4.43%
Footwear & Accessories
Footwear, (no Rubber)
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United States of America
MANHATTAN BEACH