On 29 April 2025, more than 70 major footwear companies — including Nike, Adidas, Skechers, Puma, and Crocs — signed a joint letter to President Donald Trump, urgently requesting that footwear be removed from the list of products subject to new reciprocal tariffs. These companies warned that the added tariff burden poses a ser ...more

Skechers has announced its acquisition by private equity firm 3G Capital for $63 per share — a 30% premium over its recent stock price — marking its shift from public to private ownership by Q3 2025. Once the deal closes, Skechers will be delisted from the NYSE, and public shareholders will receive a cash payout. CEO Robe ...more

Since 2023, Skechers’ decision to sell on Shein has raised eyebrows. Known for its comfortable, casual, and sometimes athletic shoes, Skechers occupies a market space perceived to offer higher quality compared to Shein’s fast-fashion, low-price model. This move has some analysts worried about a potential dilution of Skech ...more

Skechers has been striving to obtain a significant market share among the African American minority community in the United States. To appeal to this demographic, the brand, it would appear, has adopted a savvy strategy of collaborating with black celebrities. Seemingly by teaming up with popular figures, Skechers aims to attract new cons ...more

Los Angeles Feb. 2, 2023 /PRNewswire/ - Skechers U.S.A., Inc., represented in SA by Brand Folio, announced financial results for the fourth quarter and year ended December 31, 2022.Fourth Quarter HighlightsRecord quarterly sales of $1.88 billion, a year-over-year increase of 13.5%Wholesale sales grew 15.7%Direct-to-Consumer ...more