STOCK TITAN

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.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
-
News
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
none
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
none
Rhea-AI Summary
Skechers announces second chapter of Visual Artist Series with Skechers x Ricardo Cavolo footwear capsule for women featuring renowned artist's imagery.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
none
-
Rhea-AI Summary
Skechers obtains EU-wide preliminary injunction against Dockers for design infringement
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
none
-
Rhea-AI Summary
Submissions Now Open for Petco Love Stories Campaign
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
none
Rhea-AI Summary
Skechers announces new footwear capsule in collaboration with artist Ricardo Cavolo
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
none
-
Rhea-AI Summary
Iconic musicians join forces with nonprofits Petco Love and Dogs Playing for Life to showcase adoptable dogs
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
none
-
Rhea-AI Summary
Skechers USA, Inc. will release its Q3 2023 financial results on October 26, 2023. The conference call will be held at 4:30 p.m. ET / 1:30 p.m. PT and will be accessible on the company's website. A replay will be available for one year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
conferences earnings
Rhea-AI Summary
Styles Available Exclusively on StockX for a Limited Time
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.46%
Tags
none

FAQ

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

The current stock price of Skechers U.S.A. (SKX) is $61.01 as of November 21, 2024.

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

The market cap of Skechers U.S.A. (SKX) is approximately 9.1B.

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

9.10B
130.45M
0.81%
96.17%
4.27%
Footwear & Accessories
Footwear, (no Rubber)
Link
United States of America
MANHATTAN BEACH