Posts tagged as skechers

  • Monday, November 4th 2013

    Skechers develops ambitious plans for Thailand

    by Markus Huber

    Skechers has sealed a far reaching distribution agreement with CRC Sports, the new exclusive partner of the Californian shoe brand for the Thai market. It is said that Skechers’ share of international business is currently 31 percent, but it should reach some 50 percent over the next years. By the end of this year, Thailand […]

  • Wednesday, April 10th 2013

    KPMG resigns as Skechers’ audit firm

    by Markus Huber

    The footwear company has announced that it no longer works with KPMG, the auditing company. The separation followed after alleged misconduct by KPMG’s lead Audit Engagement Partner, while KPMG stated that there was no reason to believe that Skechers’ financial statements were materially misstated. David Weinberg, Skechers’ COO and CFO, said that the change was […]

  • Monday, May 21st 2012

    Skechers settles claims over its toning shoes


    Skechers has agreed to pay $45 million to settle once and for all the claims lodged by U.S. consumers for misleading advertising of its Shape-Up range of toning shoes. The company stresses that it disagrees with the allegations of misconduct and that it has agreed to this onetime settlement to avoid protracted legal proceedings. The […]

  • Thursday, February 16th 2012

    Skechers pins hopes on performance range after toning drop


    Skechers is still reeling from a dizzying drop in sales of its toning footwear, which led to a 37.7 percent decline in its turnover for the last quarter, down to $283.2 million. It ended the quarter with a loss of $57.7 million, compared with a profit of $3.2 million for the same quarter in 2010. […]