Full-Time
Confirmed live in the last 24 hours
Designs and markets lifestyle and performance footwear
$15 - $15.91/hr
Entry
Waukesha, WI, USA
Skechers designs and sells a wide range of footwear, apparel, and accessories for men, women, and children. Their products are created with an emphasis on style, comfort, and quality, making them suitable for both everyday wear and performance activities. Skechers aims to provide fashionable and functional products at accessible prices. What sets Skechers apart from its competitors is its commitment to a diverse product portfolio that caters to various lifestyles and preferences, ensuring that there is something for everyone. The company's goal is to continue growing while maintaining a focus on delivering high-quality products that meet the needs of their customers.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Manhattan Beach, California
Founded
1992
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Flexible Work Hours
Dick’s Sporting Goods is reportedly close to reaching a deal to acquire Foot Locker for about $2.3 billion.The two companies have discussed a deal at that price, and they could finalize a deal as soon as Thursday (May 15), The Wall Street Journal (WSJ) reported Wednesday (May 14), citing unnamed sources.Neither Dick’s Sporting Goods nor Foot Locker immediately replied to PYMNTS’ request for comment.Like other retailers, the two companies have been impacted by talk of new U.S. tariffs, according to the WSJ report. Dick’s Sporting Goods’ shares are down 8% this year, while Foot Locker’s shares are down 40%, as of Wednesday’s close, per the report.In another recent deal in this sector, private equity firm 3G Capital agreed to buy sneaker brand Skechers for $9.4 billion earlier this month, the report said.Foot Locker reported March 5 that its fourth-quarter sales decreased 5.8% to $2.24 billion, while comparable sales increased 2.6%, the third straight quarter of positive comp sales. For the full fiscal year of 2024, the retailer’s total revenue slipped 2.2% to $7.99 billion.The retailer also said at the time that its full-year guidance calls for a sales range of 1% to 0.5% and comparable sales to rise 1% to 2.5%.“Coming out of the holiday we felt really good about the momentum in the business,” Foot Locker President and CEO Mary Dillon said during the company’s quarterly earnings call. “As we came into February, we started to see consumer uncertainty pick up. What we’re seeing is they’re coming to buy when there’s a call to action but are cautious in between.”Dick’s Sporting Goods said March 11 that its comparable sales increased 6.4% in the fourth quarter, a company record.The company also forecast sales growth of 1% to 3% for the year.“We’re coming off a fantastic Q4,” Dick’s Sporting Goods CEO Lauren Hobart said during the company’s quarterly earnings call
Skechers ranks No. 274 in the Top 2000.
3G Capital, led by Jorge Paulo Lemann, Marcel Telles, and Carlos Alberto Sicupira, announced the acquisition of Skechers for $9.4 billion. This move expands their footwear investments, complementing their stake in On Running, a Swiss performance shoe brand. The Lemann family has been involved with On since 2018, and the brand went public in 2021, reaching a market value of over $9 billion. The acquisition positions 3G in both mass market and premium segments.
Skechers opened its 5,000th store in Bogotá, Colombia in February 2024.
Skechers U.S.A. is set to be acquired by 3G Capital for $8.2 billion, according to Bloomberg. This acquisition will take the company private amid ongoing trade tensions. The deal has led to a 25% rise in Skechers' shares, as reported by CNBC. Other sources mention varying acquisition figures, with KTLA citing $9.4 billion and Axios reporting $9 billion.