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Skechers U.S.A., Inc. is a global footwear, apparel, and accessories company that designs, develops, and markets a wide range of products. Known as the third-largest athletic footwear company in the world, Skechers focuses on delivering stylish, comfortable, and innovative products at reasonable prices. The company operates through a diverse distribution strategy, offering its products in approximately 180 countries and territories through wholesale and direct-to-consumer channels.
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Wholesale - Sells products to department stores, family shoe stores, specialty athletic and sporting goods retailers, big box club stores, franchisee and licensee third-party store operators, and international distributors.
- Includes Skechers-branded stores operated by third-party franchisees and licensees.
- Offers a wide range of footwear and accessories to retail partners globally.
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Direct-to-Consumer - Provides products directly to consumers through company-owned Skechers-branded retail stores, e-commerce sites, and third-party digital marketplaces.
- Operates approximately 1,450 company-owned retail stores globally, including concept stores, factory outlet stores, and big box stores.
- Leverages digital platforms to enhance customer experience and expand reach.
Name | Position | External Roles | Short Bio | |
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Robert Greenberg ExecutiveBoard | Chairman of the Board and CEO | None | Founder of Skechers, with over 40 years of experience in the footwear industry. Key in establishing Skechers as a global brand. | |
David Weinberg Executive | COO and Executive Vice President | None | Joined Skechers in 1993. Former CFO and key in driving operational efficiency and international growth. | |
John Vandemore Executive | Chief Financial Officer (CFO) | Board Member at Inspired Entertainment | Joined Skechers in 2017. Former CFO at International Game Technology and executive at Mattel. Extensive financial leadership experience. | |
Katherine Blair Board | Director | Partner at Manatt, Phelps & Phillips, LLP; Board Member at Impac Mortgage Holdings; Chair of Business Law Section of Los Angeles County Bar Association | Corporate securities lawyer with 25 years of experience. Expertise in corporate governance, SEC compliance, and mergers and acquisitions. | |
Morton Erlich Board | Director, Lead Independent Director | Board of Governors at City of Hope | Former KPMG audit partner with 34 years of experience. Appointed Lead Independent Director in 2022 to strengthen corporate governance. | |
Richard Siskind Board | Director | CEO of R. Siskind & Company | Over 45 years of experience in consumer retail. CEO of R. Siskind & Company, specializing in brand-name apparel redistribution and licensing. | |
Yolanda Macias Board | Director | Chief Content Officer at Cineverse Corp.; Board Member at C5LA; Advisory Board Member for The Digital Entertainment Group’s Canon Club | Over 30 years of experience in media and distribution. Responsible for content acquisition and sales strategies at Cineverse Corp. | |
Zulema Garcia Board | Director | Board of Trustees at Mount St. Mary’s University; Board Member at Boys & Girls Clubs of Metro Los Angeles | CPA with 25 years of accounting and finance experience. Former KPMG audit partner and diversity champion. |
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Given the 11% decline in China sales during the fourth quarter and ongoing macroeconomic challenges, can you elaborate on your strategy to mitigate these issues and your expectations for the China market in 2025?
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Inventory levels increased by 26% year-over-year, particularly due to elevated in-transit inventory in EMEA. How are you managing this elevated inventory, and what impact do you anticipate on margins and cash flow in the coming quarters?
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Your capital expenditure guidance for 2025 is between $600 million and $700 million, significantly higher than previous years due to investments in distribution centers. Can you provide more details on these investments, the expected returns, and how you plan to ensure adequate shareholder value from these substantial expenditures?
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Unfavorable foreign currency exchange rates resulted in significant headwinds in the fourth quarter and are expected to impact 2025 results by approximately $200 million. What strategies are you implementing to mitigate currency risk, and how should we consider the ongoing impact of foreign exchange on your financials?
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The implementation of global minimum tax regulations is anticipated to elevate your effective tax rate for 2025 to between 22% and 23%. How will this increased tax burden impact your net earnings, and what measures are you taking to manage this challenge?
Notable M&A activity and strategic investments in the past 3 years.
Company | Year | Details |
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Sports Connection Holdings ApS | 2023 | The acquisition was completed for a total consideration of approximately $83.7 million—including $74.8 million in cash, $1.7 million for receivables, and up to $7.5 million contingent on 2023 performance, plus a $0.3 million working capital adjustment. The strategic rationale was to broaden market reach in Europe’s Nordic region, and the deal brought in key assets such as $54.4 million in intangible assets (with a 7-year lifetime) and $7.7 million in goodwill, with preliminary purchase accounting adjustments expected within 12 months. |
No recent press releases or 8-K filings found for SKX.