Last $53.11 USD
Change Today +1.10 / 2.11%
Volume 821.5K
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As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

skechers usa inc-cl a (SKX) Snapshot

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09/12/14 - $64.69
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02/5/14 - $26.46
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skechers usa inc-cl a (SKX) Details

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children, as well as performance footwear for men and women under the Skechers GO brand name. The company operates through four segments: Domestic Wholesale Sales, International Wholesale Sales, Retail Sales, and E-commerce Sales. It offers casual footwear, including boots, shoes, and sandals for men, as well as oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, and relaxed fit casuals for men and women; casual fusion line for young men and women under the Skechers USA brand. The company also provides footwear for men and women comprising Skechers memory foam styles, lightweight performance-inspired athletics, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; sneakers for females under the name of Skechers Active brand; and footwear for kids, men, and young women under the BOBS from Skechers name. In addition, it offers boots, shoes, sneakers, sandals, and skimmers for infants, toddlers, boys, and girls under the name of Skechers Kids brand. Further, the company provides men’s and women’s casuals, field boots, hikers, and athletic shoes under the Skechers Work brand; technical footwear under the Skechers Performance brand; and footwear designed for running, walking, trail running, gym, and golf course. It sells its products through its e-commerce Website and own retail stores; and through department and specialty stores, athletic and independent retailers, boutiques, and catalog and Internet retailers. As of February 15, 2014, the company operated 122 concept stores, 131 factory outlet stores, and 71 warehouse outlet stores in the United States; and 44 concept stores and 26 factory outlets internationally. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.

2,768 Employees
Last Reported Date: 02/28/14
Founded in 1992

skechers usa inc-cl a (SKX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.0M
President and Director
Total Annual Compensation: $1.5M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $1.3M
Executive Vice President of Product Developme...
Total Annual Compensation: $1.0M
Executive Vice President of Business Affairs,...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

skechers usa inc-cl a (SKX) Key Developments

Nike Fights Converse Knockoffs

Converse is suing Skechers USA, Wal-Mart Stores Inc., FILA, Ed Hardy, K-Mart Corp. and Ralph Lauren Corp., among many others. It says the companies are infringing on trademarks that cover the look of the shoe and the diamond pattern on the bottom of the sole. The North Andover, Mass., company filed its lawsuits in the Eastern District of New York and in the International Trade Commission. Converse says look-alike Chuck Taylor shoes have become more common in recent years, and says it has served about 180 cease-and-desist letters related to the issue since 2008.

SKECHERS U.S.A., Inc. Announces Preliminary Settlement of Derivative Litigation

SKECHERS U.S.A. Inc. announced the preliminary court approval on September 16, 2014 of the settlement of a pending shareholder derivative action, entitled Basaraba v. Greenberg, et al., Case No. CV-13-05061-PSG (SHx) (C.D. Cal.). The settlement is subject to final court approval. Pursuant to an Order of the United States District Court for the Central District of California, Western Division, a hearing will be held on November 10, 2014, at 1:30 p.m., before the Honorable Philip S. Gutierrez, United States District Judge, United States Courthouse, Courtroom 880, Edward R. Roybal Federal Building, 255 East Temple Street, Los Angeles, CA, 90012, for the purpose of determining whether the Proposed Settlement in the above captioned derivative action (the derivative action) should be approved as fair, reasonable and adequate, and whether a judgment dismissing the Derivative Action should be entered. Plaintiff is a Skechers shareholder who filed certain claims against the nine members of Skechers' Board of Directors and a former Skechers employee on behalf and in the right of Skechers. In connection with the Settlement, Skechers has agreed to adopt certain corporate governance procedures, and Defendants are being released from liability to Skechers. While continuing to deny all allegations of wrongdoing or liability whatsoever, individual defendants have agreed to the Settlement to eliminate the expense, risks, and uncertain outcome of the litigation. As part of the settlement, Plaintiff will request payment of up to $350,000 for Plaintiff's Counsels' fees and expenses and Plaintiff's incentive award. Plaintiff's requests are subject to the court's approval and will be paid by defendants directly or through their insurer the amount approved by the court.

SKECHERS USA, Inc. Expands European Distribution Centre

SKECHERS USA Inc. announced plans to expand its European Distribution Centre (EDC) in Belgium by an additional 25,000 m(2) to make the facility the large company-operated DC in the Walloon Region at a total size of 70,000 m(2).


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