Skechers USA, Inc. (NYSE:SKX) reported that Kanye West reportedly showed up at one of Skechers’ corporate offices in Los Angeles without notice or an invitation. After a brief exchange, two Skechers officials led Ye and his group out of the facility because they believed they were recording illegally. Skechers has no interest in and no plans to collaborate with West. His recent divisive comments are condemned, and antisemitism and other forms of hate speech are not tolerated. The Company wants to emphasize once more that West entered the Skechers corporate premises without permission and without notice.
A global footwear leader, Skechers U.S.A., Inc. (SKX) releases financial results for the Q3 ended September 30, 2022. Chief Operating Officer of Skechers, David Weinberg stated that it was a tremendous milestone for Skechers to achieve record quarterly sales of $1.88 billion, which was a reflection of the persistent worldwide demand for their comfort technology products and led to double-digit growth in both their Wholesale and Direct-to-Consumer divisions.
David added that all areas expanded, with EMEA leading the way with gains of 48% as it saw expansion in their three major European subsidiaries, Germany, Spain, and the United Kingdom, as well as in their distributor base. The United States and Canada’s strong demand were a major factor in the Americas’ 16% rise. They had growth of 9% in APAC, which they are especially happy with given the COVID-related difficulties in China and Japan throughout the quarter. Although this broad-based consumer demand for Skechers is not exclusive to this quarter, they feel that their continued momentum and robust product lineup is a tribute to the power of their brand and their adaptability as a company.
They are pleased to be selected Company of the Year by Footwear News for the third time as they mark their 30th year in business with three straight quarters of record sales. According to Robert Greenberg, Chief Executive Officer of Skechers, these outstanding accomplishments demonstrate the capability and commitment of their whole business to develop, produce, and sell the most comfortable and cutting-edge footwear available.
