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.
Marcolin and Skechers USA have extended their licensing agreement for the design, production, and distribution of Skechers eyewear until December 31, 2024. The collection includes a variety of eyewear for kids and adults, featuring vibrant colors, exciting prints, and comfortable designs. Skechers eyewear is available at authorized online retailers, select opticians, and various retail outlets worldwide. This partnership enhances Skechers' portfolio, further solidifying its presence in the eyewear market.
SKECHERS USA, Inc. (NYSE:SKX), a leader in global footwear, announced that CFO John Vandemore will participate in a virtual fireside chat at the Morgan Stanley Global Consumer and Retail Conference on December 1, 2021, at 5:45 a.m. PT / 8:45 a.m. ET. The audio will be available live and on replay for 90 days on their investor site. SKECHERS designs, develops, and markets a wide range of footwear and accessories available in over 170 countries through various retail channels.
Skechers has enlisted NASCAR Hall of Famer Rusty Wallace for a multi-platform marketing campaign promoting its men’s footwear featuring Goodyear® Performance Outsoles. The campaign aims to tap into Wallace's racing fame and energetic personality to reach a wider audience, particularly within the stock car racing fanbase. Wallace emphasizes the comfort of Skechers footwear, reflecting the brand's focus on innovative comfort technologies. This partnership continues Skechers' strategy of leveraging sports icons for product promotion, aiming to drive sales and brand awareness.
Skechers has signed retired NFL star Cris Carter as the face of its upcoming multichannel campaign for Skechers Max Cushioning footwear and apparel. Carter, a Pro Football Hall of Famer and former Minnesota Vikings player, will help promote the brand's commitment to comfort technology. Skechers has a rich history of innovation, featuring technologies like Skechers Arch Fit Technology and AIR-Cooled Memory Foam. The partnership aims to enhance brand visibility among football fans and highlight the comfort of Skechers products.
SKECHERS USA, Inc. (NYSE:SKX) has announced that CFO John Vandemore will participate in a virtual fireside chat at the Berenberg US CEO Conference on November 10, 2021, at 8:00 a.m. PT. The session will be available for live streaming and replay for 90 days on the company's investor website.
SKECHERS designs and markets footwear and apparel across various demographics, available in the U.S. and over 170 countries, through retail stores and online platforms.
Skechers U.S.A., Inc. (SKX) reported a record third-quarter sales of $1.55 billion for the period ending September 30, 2021, marking a 19.2% increase year-over-year. Diluted earnings per share rose significantly by 61.0% to $0.66. Direct-to-Consumer sales surged by 44.1%, while wholesale sales grew by 10.5%. The company anticipates ongoing supply chain challenges but remains optimistic about future growth as improvements in logistics are noted. Skechers continues to invest in product innovation and advertising, leading to enhanced gross margins of 49.6%.
The Skechers Pier to Pier Friendship Walk raised over $2.6 million this year, bringing its total to more than $17 million in 13 years for children with special needs and education. The event saw approximately 17,000 participants and featured notable appearances and performances. Skechers co-founder Michael Greenberg emphasized the importance of these funds in improving lives and stated that initiatives funded will redefine possibilities for children with special needs. The Friendship Foundation will break ground on a new campus in 2023 to further support education and job training.
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Kinecta Federal Credit Union is set to be the presenting sponsor for the 13th Annual Skechers Pier to Pier Friendship Walk on October 24, 2021. The event aims to raise $2.5 million to support children with special needs and students. Since its inception in 2009, the walk has gathered over 17,000 participants and raised more than $17 million for public schools and the Friendship Foundation. Kinecta, recognized for its community involvement, invites the public to register for this significant charitable event.
The Skechers Pier to Pier Friendship Walk, supported by Kinecta Federal Credit Union and numerous celebrities, aims to raise $2.5 million for children with special needs. The event, which has raised over $17 million since 2009, will feature live performances and activities for participants. A portion of proceeds will benefit the Friendship Foundation and educational scholarships, totaling $620,000 awarded to date. This year's walk is set for October 24 at 9 AM PST, expecting increased participation after the impacts of COVID-19.