Welcome to our dedicated page for Skechers Usa news (Ticker: SKX), a resource for investors and traders seeking the latest updates and insights on Skechers Usa stock.
The SKX news page on Stock Titan compiles historical news coverage for Skechers U.S.A., Inc., The Comfort Technology Company®. These articles provide insight into how Skechers operated as a global footwear leader, designing, developing and marketing lifestyle and performance footwear, apparel and accessories for men, women and children, and distributing its collections in approximately 180 countries and territories.
Company press releases highlight a wide range of business activities and brand initiatives. Readers will find coverage of product launches such as the Skechers AERO Series of technical running footwear and SKX Full-Court Press™ basketball shoes, as well as expansions of Skechers Performance retail concepts, including large immersive stores that showcase running, basketball, soccer, golf, pickleball and outdoor footwear alongside lifestyle products.
The news feed also documents marketing partnerships and athlete endorsements. Skechers announcements feature elite athletes across basketball, golf, soccer, pickleball and cricket, and describe event sponsorships such as the SKECHERS Hot Chocolate Run series. These stories illustrate how the company used athlete rosters and experiential events to promote its Comfort that Performs positioning and proprietary technologies like Skechers Hands Free Slip-ins®, Hyper Burst™ cushioning and Goodyear® Performance Outsoles.
In addition, the SKX news archive includes corporate and financial updates, such as quarterly earnings releases and communications related to the acquisition of Skechers by an affiliate of 3G Capital Partners L.P. and the associated merger process. Together, these items trace the company’s evolution from a publicly traded issuer on the New York Stock Exchange to an indirect subsidiary of a private parent.
Investors, researchers and footwear industry observers can use this page to review how Skechers communicated with the market, introduced new technologies and products, and reported on significant corporate events during the period when SKX was an active public listing.
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Skechers USA, Inc. (NYSE: SKX), a leader in footwear, announced CFO John Vandemore's participation in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference in New York on September 7, 2022, at 1:45 p.m. ET. Investors can access the live audio and replay for 90 days on the company's website. Skechers designs, develops, and markets a wide range of footwear and apparel available in over 180 countries through various retail channels, including more than 4,355 physical stores worldwide.
The British musician and entrepreneur Myleene Klass has partnered with Skechers as the new ambassador for their women's footwear and apparel lines in the UK and Ireland. The campaign commences this month, highlighting Skechers’ innovations in comfort technology. Klass, known for her multi-talented career and extensive media presence, expressed her excitement for the collaboration, emphasizing comfort in daily wear. Skechers aims to grow its local presence, leveraging Klass alongside existing ambassadors to resonate with UK consumers.
Skechers has partnered with the Professional Pickleball Association to host the Skechers Invitational Summer Championship, the first nationally televised pickleball tournament in the U.S., from August 12-14 at the Riviera Country Club in Los Angeles. The event will showcase elite players, including Skechers ambassadors Catherine Parenteau and Tyson McGuffin. 10% of ticket sales will benefit the South Bay Friendship Foundation, supporting children with special needs. Skechers aims to promote the growing sport of pickleball and will feature a retail booth for attendees.
Petco Love and BOBS from Skechers are hosting a mega adoption event on Sept. 3-4 at the George R. Brown Convention Center in Houston. This event aims to increase pet adoption awareness amid rising shelter populations. Past events led to over 38,000 adoptions, with a goal of reaching 40,000 during this event. With only 30% of pet homes adopting from shelters, the initiative is crucial. Over 1,000 pets will be available for adoption for a fee of $35, which includes spaying/neutering and vaccines.
The Pro Pickleball Association (PPA) Tour is set to showcase professional pickleball on CBS, Paramount+, and CBS Sports Network with a live broadcast of the Skechers Invitational Summer Championship on August 13, 2022. This event marks a significant partnership between CBS Sports and the PPA, aimed at enhancing the visibility of pickleball, which has gained immense popularity in the U.S. with 4.8 million active players. The tournament will feature top-ranked players at the prestigious Riviera Country Club.
The Pro Pickleball Association (PPA) Tour has announced a multi-year deal with CBS Sports to broadcast select tournaments, including the Skechers Invitational Summer Championship at the Riviera Country Club.
This event will be aired live on CBS from August 13, 2022, and streamed on Paramount+. The partnership aims to elevate pickleball's visibility, with an estimated 4.8 million active players in the U.S. showcasing their skills in a celebrity-studded event, confirming pickleball's status as a rapidly growing sport.
Skechers U.S.A. (NYSE:SKX) reported a record $1.87 billion in sales for Q2 2022, up 12.4% year-over-year. Wholesale sales surged 18.3%, while direct-to-consumer sales grew 4.3%. However, diluted earnings per share fell to $0.58, a 34.1% decrease from the previous year. Gross profit was $897.6 million with a gross margin of 48.1%, down 330 basis points. Operating expenses rose to $743.4 million. Despite macroeconomic challenges, Skechers remains optimistic about future growth, projecting Q3 sales between $1.80 billion and $1.85 billion and full-year sales between $7.2 billion and $7.4 billion.
Skechers celebrates a significant milestone as elite golfer Brooke Henderson secures her second major championship victory at the Amundi Evian Championship in France, wearing Skechers GO GOLF footwear. Henderson's outstanding performance, including back-to-back 64s, led her to finish 17 under par, winning by a single stroke. This victory marks her 12th professional title and elevates her to #2 in the Race to CME Globe standings. Skechers' president, Michael Greenberg, praised Henderson's achievements, noting the brand's commitment to excellence in golf footwear.
Skechers has announced a collaboration with tokidoki, launching a new footwear collection today. This partnership showcases a range of vibrant women’s sneakers featuring popular tokidoki characters and designs. The initial drop includes four styles, notably the Skechers Uno sneakers and Sunny Street joggers, available at select stores and online. Skechers aims to attract fashion-forward consumers while expanding its audience through this creative collaboration.