Seeking Alpha

Skechers eyes strategic stake in L.A. Clippers

  • Skechers (SKX) is considering buying a stake in the Los Angeles Clippers, according to execs with the California-based shoe seller.
  • The NBA is forcing owner Donald Sterling to sell the team.
  • The company could promote its brand and products through the Clippers.
  • Skechers had 3.4% of the athletic footwear market in March, according to Footwear Distributors and Retailers of America.
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