Full-Time
Designs and markets lifestyle and performance footwear
$17 - $18.04/hr
Entry
Modesto, CA, USA
Skechers designs and sells a wide range of footwear, apparel, and accessories for people of all ages. Their products are created with an emphasis on style and comfort, making them suitable for both everyday wear and performance activities. Skechers uses various materials and technologies to ensure their shoes provide a good fit and support for the feet. What sets Skechers apart from its competitors is its commitment to offering quality products at reasonable prices, making stylish and comfortable footwear accessible to a larger audience. The company's goal is to continue expanding its product offerings while maintaining a focus on delivering value and comfort to its customers.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Manhattan Beach, California
Founded
1992
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Flexible Work Hours
JPMorgan Chase is reportedly preparing a $6.5 billion debt offering to support 3G Capital's acquisition of Skechers. The financing is expected to include $4 billion in secured debt and $2.5 billion in unsecured debt, with a "payment-in-kind" option. The acquisition, valued at $9.4 billion, will transition Skechers from a public to a private company by Q3 2025. This move occurs amid global economic uncertainties and trade tensions, notably with China, which contributes 15% of Skechers' revenue.
HOUSTON, TX - The Houston SaberCats are proud to announce a new partnership with Skechers, the global lifestyle and performance footwear brand, just in time for their Western Conference Semifinal showdown this Sunday at SaberCats Stadium.
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.