Skechers USA Inc

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US: Skechers warns of Q4 loss as sales slump | 9 Feb 09

Footwear maker Skechers USA has warned that it expects to post a large fourth-quarter loss after being hit by higher markdowns and bankruptcies at some of its retail customers.

US: Skechers signs licensing deal for children’s clothing | 6 Jan 09

Footwear maker Skechers USA has signed Adjmi Apparel Group as the licensee for a new Skechers-branded children’s clothing line due to launch this autumn.

US: Crocs and Skechers settle clog legal dispute | 3 Dec 08

Footwear companies Crocs and Skechers have agreed to settle all outstanding worldwide litigation, including a US District Court action in Colorado, with Skechers agreeing to shelve some of its moulded footwear styles.

US: Heelys Q3 profit slumps as sales halve | 7 Nov 08

Wheeled footwear maker Heelys Inc, which on Wednesday (5 November) said it is exploring strategic options for the business, has seen its third quarter profit slump after sales more than halved.

US: Heelys’ board evaluates strategic options | 6 Nov 08

Wheeled footwear maker Heelys said it has retained financial advisor Houlihan Lokey to help the firm evaluate its strategic options.

US: Skechers bolsters sales and profit in solid Q3 | 23 Oct 08

Footwear company Skechers has posted third quarter net earnings of US$28.3m compared to $24.7m in the third quarter of 2007, reflecting a tax benefit agreement lowering its annual tax rate from 34% to 27%.

US: Bankrupt Shoe Pavilion to close all 64 stores | 21 Oct 08

Off-price footwear retailer Shoe Pavilion Inc, which filed for Chapter 11 bankruptcy protection in July, is to shutter its entire chain of 64 stores.

Spotlight on...Crocs | 18 Sep 08

From stock market darling to Nasdaq basket case, the fall of Crocs Inc has been dramatic and swift. With US sales plummeting and international revenues coming in short of expectations, the footwear company faces an uncertain future – and may need a white knight to come riding to its rescue. Richard Woodard reports.

Top stories on just-style this week... | 5 Sep 08

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

HONG KONG: Skechers JV aims to triple sales | 2 Sep 08

Skechers USA is aiming to triple its footwear sales in Hong Kong over the next three years with the establishment of a new distribution joint venture.

Top stories on just-style this week... | 22 Aug 08

Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

US: Skechers “disappointed” by Heelys’ bid rejection | 21 Aug 08

Footwear company Skechers USA has expressed its disappointment that Heelys has rejected the company’s US$142.8m takeover bid.

US: Heelys rejects Skechers takeover bid | 20 Aug 08

Heelys has rejected a US$143m takeover bid from rival footwear company Skechers USA, claiming it was not in the best interests of shareholders.

US: Skechers tables $143m bid for Heelys | 14 Aug 08

Skechers USA has made a US$142.8m public bid to buy rival footwear operator Heelys after private negotiations between the two companies broke down.

US: Skechers “optimistic” despite Q2 earnings dip | 24 Jul 08

Footwear company Skechers USA is looking forward to a more buoyant second half of the year after second quarter profits fell slightly to US$14.6m from $14.9m last year.

US: Skechers signs American Idol winner for endorsement | 9 Jul 08

Skechers USA has signed recent American Idol winner David Cook to a global endorsement agreement.

BELGIUM: Skechers set for new distribution facility | 13 Jun 08

Skechers EDC, a subsidiary of the footwear and apparel manufacturer Skechers USA, is to occupy a 23,000 square metre distribution facility in Liège, Belgium, to support the continued growth of its northern European business operations.

US: Global growth helps Skechers to 37% Q1 profit hike | 24 Apr 08

Strong growth in its international businesses has helped footwear maker Skechers USA Inc buck the challenging US retail environment, pushing the company to record first quarter earnings.

US: Skechers targets growth despite Q4 sales dip | 14 Feb 08

Footwear company Skechers USA is predicting another year of strong growth in 2008 despite recording a slight fall in sales and income in the last quarter of 2007.

US: Skechers to design Bebe Sport footwear | 10 Jan 08

Footwear maker Skechers USA Inc has signed a licensing deal with Bebe Stores Inc to design, develop and market a range of women’s footwear under the Bebe Sport brand.

US: Skechers expands in China with Luen Thai venture | 4 Dec 07

Casual footwear maker Skechers USA Inc is expanding its operations in China through a new joint venture with Hong Kong based conglomerate Luen Thai Enterprises.

US: Skechers 3Q profit up 11.3% on strong sales | 25 Oct 07

Footwear maker Skechers USA Inc has posted an 11.3% rise in third quarter profit, helped by new lines and strong international demand for its shoes.

US: Skechers confirms plans to lease huge new warehouse | 17 Oct 07

US footwear firm Skechers has confirmed that it will move into a 1.8m square foot distribution plant in Rancho Belago, California, in the next few years.

US: Skechers Q2 earnings fall 15% despite record sales | 26 Jul 07

Lifestyle footwear company Skechers USA has posted a 15.3% slump in second quarter earnings, blaming higher warehousing, distribution and personnel costs.

US: Skechers and Genesco on the private equity radar? | 21 May 07

Skechers USA and Genesco are reported to be staging talks with private equity firm KKR in a move that would lead to the two footwear firms being combined.

US: Skechers to launch Shrek shoe line | 4 May 07

Shoe firm Skechers has launched a footwear line featuring Shrek, in a collaboration with DreamWorks Animation.

US: Court denies Asics lawsuit against Skechers | 1 May 07

A US District Court has denied Asics' motion for a preliminary injunction against footwear firm Skechers in an ongoing dispute over stripe designs used by the two firms.

US: Skechers Q1 profit soars 44% but misses guidance | 26 Apr 07

Footwear marketer Skechers USA registered a 44% increase in first-quarter profits, but the results fell short of analysts’ expectations and its shares traded down sharply in after-hours trading Wednesday (25 April).

JAPAN: Skechers refiles shoe lawsuit against Asics | 17 Apr 07

Less than a week after dropping its trade libel and unfair competition lawsuit against Asics Corp, footwear maker Skechers USA Inc is to refile the suit as a counterclaim in Asics’ lawsuit against Skechers.

JAPAN: Skechers drops trade libel suit against Asics | 13 Apr 07

Shoe maker Skechers USA Inc has dropped a trade libel and unfair competition lawsuit against Japanese sporting goods company Asics over a stripe design on its footwear.





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