Skechers Sustainability Report Highlights (2024)

FAQs

Is Skechers committed to sustainability? ›

Skechers' Our Planet Matters^®collection of sustainable men's, women's and children's product utilizes recycled materials in its designs to help reduce our environmental impact.

Skechers maintains a diverse brand lineup, spanning fashion, athletic, non-athletic and work footwear, all at attractive prices. This strategy facilitates product innovation, without diluting existing brands, and broadens the customer base.

Skechers forecasts 2024 earnings of between $3.95 and $4.10 per share, from its prior guidance of $3.65 to $3.85 per share. The new outlook came in ahead of analyst views of a 19% jump to $4.04 per share. Full-year sales were guided to between $8.725 billion and $8.875 billion.

Overall rating: We avoid

Our “Planet” rating evaluates brands based on the environmental policies in their supply chains, from carbon emissions and wastewater to business models and product circularity. Here we rate Skechers “Very Poor”.

Sustainable Footwear Key Market Trends

Brands are incorporating materials like organic cotton, recycled plastics, natural rubber, and innovative plant-based alternatives into their footwear collections.

Skechers founders, Robert Greenberg and son Michael Greenberg. Top executives at Skechers USA allegedly cost the footwear maker millions of dollars by hopping on corporate jets for personal jaunts to vacation hot spots such as Fiji, Bora Bora and Hawaii — and the company's directors didn't do anything to stop them.

Sketchers DO NOT have appropriate stability in the upper fabric and the heel counter to complement an orthotic. As such, you will probably find the orthotic redundant, or in worse case contributing to the cause of injury. Remember, an orthotic does 50% of the work. The shoe does the other 50%.

Besides Shape-ups, the FTC alleged that Skechers also made deceptive claims about its Resistance Runner, Toners, and Tone-ups shoes. Under the terms of the FTC settlement, the funds were distributed through a court-approved class action lawsuit.

Skechers's competitors and similar companies include Reebok, adidas, Nike and Cole Haan. Skechers USA is a company that designs, develops, and markets a diverse range of footwear, apparel, and accessories. Reebok is an athletic footwear and apparel company.

What is the conclusion of Skechers company? ›

In conclusion, Skechers discloses information both by GAAP standards and with a fair amount of transparency so that investors and analysts can have a reasonable amount of information for valuation needs.

We design each retail location to showcase a complete range of Skechers footwear and draw a diverse consumer base—from kids and college students to parents and working professionals.

Skechers' success stems from its employees, high-quality, varied product offering, diversified domestic and international distribution channels, and targeted multi-channel marketing. The Company offers two distinct footwear categories: a lifestyle division and performance footwear.

Earnings from operations increased $75.2 million, or 33.6%, to $298.8 million, resulting in an operating margin of 13.3%. Net earnings were $206.6 million and diluted earnings per share were $1.33 compared with prior year net earnings of $160.4 million and diluted earnings per share of $1.02.

IKEA. IKEA is a brand fully committed to sustainable practices and has set ambitious goals to become climate positive by 2030. To do so, it'll have to reduce more greenhouse gas emissions than the entire IKEA value chain emits.

ENGAGING WITH OUR COMMUNITIES

16 million pairs of new shoes to children in need worldwide through its BOBS charity program. The shoes support Head Start programs, education foundations, homeless shelters, disaster relief and 501(c)(3) nonprofit organizations.

Nike is a member of a number of corporate responsibility and sustainability organizations and we are committed to solving critical issues that affect the people in our value chain. Below is an outline of our commitments.

22 billion shoes are discarded in landfills each year. The footwear industry faces a slew of sustainability challenges. The process of crafting shoes typically involves gluing and sewing an assemblage of plastics and metal parts, making it difficult to recycle and take apart when they are no longer wearable.