Skechers sells to 3G Capital in $9.42bn deal in ‘safeguarding move’ say experts
As part of the agreement terms, shareholders of Skechers also have the alternative to receive $57.00 in cash plus one…
Skechers
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Skechers brings AI-powered assistant Luna for personalised shopping
Developed by We Are Social Singapore, AI-powered Luna functions as a virtual stylist, capable of recommending clothing items that complement…
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Skechers pulls FY guidance as tariff impact comes to light
In an earnings call to discuss the results, Skechers' chief financial officer John Vandemore said “We will begin to feel…
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Currency, tariffs weigh on Skechers’ 2025 outlook despite record sales
Total sales in 2024 saw a 12.1% rise to $8.9bn from the previous fiscal year's $8bn, underscoring the company's expanding…
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Skechers revenues driven by strong domestic, international sales
For the three months ended 31 March, Skechers recorded a notable increase in group sales by 13.4% on a constant…
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Skechers unveils automated system warehouse in Tokyo
Skechers shared that its new distribution centre which is in Minato City, Tokyo, Japan, uses Hai's automated goods-to-person system. The…
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Skechers celebrates record $8bn sales milestone in FY23
Operating income at Skechers for the year ending 31 December (FY23) increased to $784.8m compared with $546.7m while net income…
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Skechers acquires Scandinavian distributor to expand in Europe
Sports Connection, which is now a wholly-owned subsidiary of Skechers, is primarily responsible for the continued growth of the brand…
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Skechers tops April hiring list for apparel supply chain companies
US footwear firm Skechers topped the hiring leaderboard in the three months to the end of April, advertising for an…
