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Company Directory - Skechers USA, Inc.

Company Details - Skechers USA, Inc.

Skechers USA, Inc. Logo

Skechers USA, Inc.

Website

Manhattan Beach, United States

NYSE: SKX 

ISIN: US8305661052

Skechers is a global leader in lifestyle and performance footwear, known for its diverse range of casual and athletic shoes. The company offers innovative products that are designed to appeal to a broad audience, combining style with advanced technology for comfort and performance.

CCI Score

CCI Score: Skechers USA, Inc.

-57.24

0.04%

Latest Event

Skechers Opens Xinjiang Store Amid Forced Labor Controversy

On September 28, 2024, Skechers USA, Inc. opened a store in Urumqi, Xinjiang, drawing sharp criticism from human rights advocates. The move comes amid longstanding concerns over forced labor practices linked to Uyghur workers in the region as well as previous supplier controversies, raising questions about the company's commitment to ethical labor practices.

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QUISLING

Skechers USA, Inc. is currently rated as a Quisling.

-44 to -59 CCI Score
These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

  • Skechers Opens Xinjiang Store Amid Forced Labor Controversy Logo
    SEP
    28
    2024

    On September 28, 2024, Skechers USA, Inc. opened a store in Urumqi, Xinjiang, drawing sharp criticism from human rights advocates. The move comes amid longstanding concerns over forced labor practices linked to Uyghur workers in the region as well as previous supplier controversies, raising questions about the company's commitment to ethical labor practices.

  • -70

    Labor Relations and Human Rights Practices

    April 3

    Skechers' decision to expand in Xinjiang, a region notorious for allegations of forced labor against Uyghurs, reflects a disregard for marginalized workers' rights. This move, particularly in light of past controversies involving its suppliers, ties the company to ethical breaches and indirectly supports an authoritarian system that exploits labor.

    Skechers opens store in Xinjiang amid scrutiny over Uyghur forced labor sanctions

  • Skechers Supplier Accused of Forced Labor Logo
    JUN
    12
    2024

    An article reports that Dongguan Oasis Shoes, a supplier for Skechers, has been accused of using forced labor in the Xinjiang Uyghur Autonomous Region and was added to the Uyghur Forced Labor Prevention Act list. Skechers acknowledged the report, stating it does not expect a material impact on its business, though the allegation raises significant supply chain ethical concerns.

  • -80

    Supply Chain Ethics

    April 3

    The inclusion of Skechers' supplier, Dongguan Oasis Shoes, on the Uyghur Forced Labor Prevention Act list highlights serious ethical concerns regarding supply chain practices. This event raises questions about the company’s diligence in monitoring its supply chain for human rights abuses, which can contribute to broader authoritarian practices. Skechers’ downplaying of the material impact further compounds these concerns.

    Skechers supplier accused of using forced labor - Supply Chain Dive

  • Complaint Accuses Skechers of Forced Labor in Supply Chains Logo
    MAY
    25
    2023

    Skechers, along with other major fashion brands, is implicated in a Paris complaint filed by NGOs. The complaint alleges that the company profits from forced labor practices involving Uyghur minorities in China, pointing to failures in supply chain oversight and labor rights protections.

  • -80

    Labor Relations and Human Rights Practices

    April 3

    The complaint directly accuses Skechers of benefiting from forced labor practices that violate labor rights and human dignity, as seen in allegations of exploitation of Uyghur workers.

    Uyghur rights: Clothing firms under fire over forced labor

  • -70

    Supply Chain Ethics

    April 3

    The complaint underscores Skechers' lack of control over its subcontractors, suggesting that components in its supply chain may be sourced from forced labor, which raises serious concerns regarding supply chain ethics.

    Uyghur rights: Clothing firms under fire over forced labor

  • Forced Labor Allegations in Supply Chain Logo
    FEB
    01
    2020

    A supplier for Skechers, Dongguan Luzhou Shoes, is accused by the Department of Homeland Security of employing forced labor involving Uyghur workers. While Skechers claims that internal audits found no evidence of such practices, the controversy highlights significant concerns about supply chain ethics and due diligence.

  • -80

    Supply Chain Ethics

    April 3

    The article details forced labor allegations implicating a Skechers supplier, raising serious ethical concerns over the company's supply chain practices. This is a clear case of potential human rights abuse that undermines labor rights and ethical sourcing, warranting a strongly negative score.

    Skechers Supplier Accused of Forced Labor: A Closer Look at Modern Supply Chain Challenges

  • Skechers Ranked Low on Forced Labor Standards Logo
    DEC
    07
    2018

    A December 2018 report highlighted that Skechers was among the lowest-scoring brands in a study by Know the Chain on forced labor practices in apparel and footwear supply chains, indicating serious ethical concerns over recruitment fees and worker exploitation.

  • -70

    Supply Chain Ethics

    April 3

    The Supply Chain Dive article, citing Know the Chain’s research, identifies Skechers as one of the lowest-ranked brands on forced labor metrics in supply chains. This reflects a significant failure to ensure ethical supply chain practices, including the suspension of abusive recruitment fees and forced labor, which are both critical human rights concerns.

    Foot Locker, Skechers among lowest-scoring brands on forced labor

Corporate Financials

Revenue
2021
$4.50B
Total Assets
2021
$3.00B
Operating Income
2021
$500.00M
Total Equity
2021
$1.50B

Employees: 10,000

Industries

316210
Footwear Manufacturing
448190
Other Clothing Stores
448210
Shoe Stores