Skechers
#1635
Rank
$10.21B
Marketcap
United States
Country
Mr. Robert Y. Greenberg (Co-Founder, Chairman & CEO)
Mr. Michael Greenberg (Co-Founder, Pres & Director)
Mr. John M. Vandemore (Chief Financial Officer)
Summary
History
Skechers was founded in 1992 by Robert Greenberg, who had previously founded LA Gear in 1983 . Greenberg sought to focus on men's street shoes; Skechers' early products were utility-style boots popular in grunge fashion. The company quickly expanded to include women and children, with casual and athleisure styles, and went public in 1999. In 2011, Skechers launched its performance line for athletes and signed Meb Keflezighi as a spokesman.Skechers is the third largest footwear brand in the United States. In January 2019, the company started an expansion of its corporate headquarters to double its office, design and showroom space in the South Bay.
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. In 2019, Nike filed a patent infringement lawsuit against Skechers because, according to Nike, Skechers had infringed on the design of their VaporMax and Air Max 270 sneakers.
Forced labor investigation
In 2021, French prosecutors launched an investigation into whether Skechers and other brands had concealed or profited from forced Uyghur labor. Skechers has found no evidence of forced labor taking place.
Mission
Vision
Key Team
Mr. David Weinberg (Exec. VP, COO & Director)
Mr. Mark Nason (Exec. VP of Product Devel.)
Mr. Philip G. Paccione (Exec. VP of Bus. Affairs, Gen. Counsel & Corp. Sec.)
Mr. Pete Calichman (Sr. VP of Domestic Sales)
Mr. Rick Graham (Exec. Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Skechers
https://in.investing.com/equities/skechers-usa-inc
https://finance.yahoo.com/quote/SKX/profile?p=SKX
https://www.comparably.com/companies/skecher/mission
https://www.crunchbase.com/organization/skechers-u-s-a
https://sec.report/CIK/0001065837
Mr. Robert Y. Greenberg (Co-Founder, Chairman & CEO)
Mr. Michael Greenberg (Co-Founder, Pres & Director)
Mr. John M. Vandemore (Chief Financial Officer)