Skechers USA, Inc. (SKX) designs, develops, and markets more than 3,000 footwear styles for men, women and children. The company was founded in 1992 by Chairman & CEO Robert Greenberg and his son Michael, the company President. They founded the company after Robert left L.A. Gear, another shoe company that he founded. Sales have been driven by its relationships with celebrity endorsers.
The company offers two distinct footwear categories: a lifestyle division that includes the charity line BOBS from Skechers, and Skechers Performance, which includes Skechers GOrun, Skechers GOwalk and Skechers GObionic footwear. Through licensing agreements, the company also sells branded apparel, bags, watches, eyewear and additional merchandise.
Internationally, the company sells its products to...