Type Public Founded 1992 | Products Footwear, Apparel | |
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Traded as NYSE: SKX
S&P 400 Component Number of locations 503 (company-owned worldwide) Key people Robert Greenberg
(Co-founder, CEO)
Michael Greenberg
(Co-founder, Chairman) Revenue US$ 3.147 billion (FY 2015) Stock price SKX (NYSE) US$ 27.53 +0.66 (+2.46%)22 Mar, 4:01 PM GMT-4 - Disclaimer Headquarters Manhattan Beach, California, United States CEO Robert Greenberg (Oct 1993–) Subsidiaries Skechers Singapore Pte. LTD Founders Robert Greenberg, Michael Greenberg Profiles | ||
Get sporty with a wide range of skechers shoes
Skechers is an American lifestyle and performance footwear company for men, women and children. Headquartered in Manhattan Beach, California, the brand was founded in 1992. Now the second largest athletic footwear brand in the United States, Skechers earned more than $3 billion in revenues during the 2015 fiscal year. As of January 2016, the company employed more than 9,200 people worldwide.
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History and products
Skechers' early products were utility-style boots and skate shoes; the company has since diversified to include thousands of athletic and casual styles for men, women, and children as well as performance shoes.
Skechers makes an effort to maintain its brand image by using celebrity-driven advertising, and has promoted its product with multi-platinum recording artist Meghan Trainor, TV personality Brooke Burke-Charvet, model, actress Kelly Brook and South Korean boyband EXO & Girl Group Sistar, boxer Sugar Ray Leonard and former football player Howie Long, as well as Olympic runners Meb Keflezighi and Kara Goucher, and pro golfers Matt Kuchar, Belén Mozo, Colin Montgomerie and Billy Andrade for the Skechers Performance Division.
The company offers two distinct footwear categories: a lifestyle division that includes Skechers Memory Foam, the charity line BOBS and Relaxed Fit comfort shoes, and a performance division that includes Skechers GOrun and Skechers GOwalk footwear. Skechers also produces sport and performance apparel for men and women. Through licensing agreements, the company offers branded bags, watches, eyewear and additional merchandise. Skechers has an extensive network of global distributors that sell its product in over 160 countries and territories, and more than 1,710 Skechers stores around the world.
Litigation
In 2012, Skechers agreed to settle a class action lawsuit for $40 million based on a U.S. Federal Trade Commission complaint that it had misled customers with its Shape-Ups ads.