A day after Adidas ended its business relationship with Kanye West following his repeated antisemitic comments, the rapper made an “unannounced” visit to a Skechers corporate office in LA on Wednesday and was escorted from the building.
The incident was parodied in a Saturday Night Live Skechers ad.
“Here at Skechers, we pride ourselves on two things, making stylish, comfortable shoes at an affordable price and having zero tolerance for antisemitism,” a Skechers rep played by Cecily Strong said.
Added another staffer played by Bowen Yang, “That’s why earlier this week Kanye West showed up at our corporate office, asking to work with us. We said ‘no’ and immediately escorted him out of the building.”
While noting that Skechers is appalled by West’s “horrific comments” and vows to never to work with him, Strong’s executive added, “But we also want to point out that of all companies he could’ve approached and get rejected by, he chose Skechers.”
Said Yang’s rep, “Two years ago, can you imagine the headline, ‘Skechers too good for Kanye?’,” later adding, “What would you call a Kanye Skechers shoe anyway, a Skeezy?”
The Skechers team took shots at other shoe companies.
“It took Adidas so many days to decide not to work with him. He walked in we were, buy, buh-bye, door,” Strong’s character said, while Yang’s questioned why Crocs has been quiet on West’s comments.
He then concluded, “I’m sure Kanye will find a morally dubious company to work with instead,” with the ad cutting to Michael J. Lindell (James Austin Johnson) announcing a My Pillow collaboration with West.
“Skechers is not considering and has no intention of working with West,” the company says. “[We] do not tolerate antisemitism or any other form of hate speech”
Ye really thought this would work. After being dropped by Adidas yesterday, Kanye West showed up “unannounced and uninvited” at Skechers’ headquarters in Los Angeles on Wednesday. His motive? It’s unclear, but it comes after the end of his most lucrative partnership with the German sportswear brand.
After a “brief discussion,” West was escorted off the corporate offices’ premises, Skechers tells Rolling Stone in a statement. The shoe company’s message was clear: “Skechers is not considering and has no intention of working with West.”
“Considering Ye was engaged in unauthorized filming, two Skechers executives escorted him and his party from the building after a brief conversation,” Skechers said in a statement. “We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech.”
West’s “visit” to Skechers HQ comes a day after Adidas ended its partnership, calling his antisemitic and hate-filled comments “unacceptable, hateful and dangerous.”
Losing the deal with Adidas may have cost West his place in the upper echelons of the ultra-wealthy. Forbes has estimated that the deal was worth about $1.4 billion, and West’s net worth around $2 billion; without Adidas, he’s allegedly worth just $400 million.
Adidas followed the likes of CAA, Vogue, Balenciaga, and other companies to distance themselves from the rapper. On Sunday, an antisemitic group hung a banner on an overpass in Los Angeles that said “Kanye is right about the Jews,” as members of the group did a Nazi salute.
West’s removal from the Skechers HQ comes just two days after the shoe brand was named company of the year by Footwear News, being praised for collaborations with Martha Stewart and Willie Nelson this year. Skechers previously worked with the likes of Ava Max, Demi Lovato, Camila Cabello, and Amanda Kloots.
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Skechers keep your feet dancing (Photo: Amazon)
Labor Day celebrates the hard work we do all year, but our poor tired feet should have a holiday of their own; they’re the ones supporting us in all our schlepping and toiling, day in and day out. Thankfully, you’ll be heading into fall with a spring in your step thanks to Amazon’s huge sale on Skechers’ stylish yet comfy line of sneakers, sandals and more, with prices running as low as $30! Thanks to their distinctive look and feel, Skechers has made fans out of shoppers and pros alike! New York City-based podiatrist, Dr. Polina Zaydenberg, DPM, shared with Yahoo Life: “They look breathable and supportive.” And one nurse gushed, “Simple elegant lines and so cushioned and comfortable. The first time I wore them many people complemented me on my shoes and ask me where I got them!” And nurses know what they’re talking about when it comes to long-haul foot comfort!
Of course, if you have Amazon Prime, you’ll get free shipping. Not yet a member? No problem. You can sign up for your free 30-day trial here. (And even those without Prime get free shipping on orders of $25 or more.)
So check out our selects below and you’ll be walking on air in no time!
Sweet color scheme, huh? Our suggested accompaniment? A box of Good & Plenty. (Photo: Amazon)
Your year-round, lightweight, snazzy sneakers have arrived! With Skechers high-end memory foam that fits snug around your feet — no matter what size or shape — there’s no awkward breaking-in period or squished pinky toes. Lace this D’Lite-ful number up and you’ll be ready to go! Available in 38 color schemes!
One reviewer who titled her post “I think this makes my 25th pair of Skechers” declared, “I LOVE SKECHERS…the style and colors are great (I have black & white, blue, pink, turquoise, beige, lots of white) …The D’Lites are the best as they provide good support all over. Another home run!”
$60 $70 at Amazon
No flip-flopping here: We’re foursquare behind these go-anywhere sandals. (Photo: Amazon)
Take a stroll on the “Sunny” side of the street with these flip-flops, tailor-made for the beach, the shops, your fave alfresco eatery or wherever your feet take you. They pass both the cute and comfy test and provide arch support, which is key, as podiatrist Jane Anderson, DPM, tells Yahoo Life. “The shoe should have the appropriate amount of support for your foot, taking into account whether or not you wear an insert or custom orthotic.”
“These are the best sandals I have ever had!!”said this satisfied customer. “Perfect fit, crazy comfy, and the price sealed the deal!! I will most likely buy another pair in a different color. I LOVE my sandals!!”
$40 $45 at Amazon
These are our clear choice for ballet-inspired slip-ons, barre none. (Photo: Amazon)
These Skechers flats will keep you on pointe thanks to their stretchable material that hugs your feet. Slip these on with a pair of jeans when you’re running out the door or pair them with a floral maxi dress for a romantic evening. And though they may be flats, these comfy-casual shoes have memory foam that provides much-needed padding for when you’re pounding the pavement.
They even hold their support after a spin in the washing machine. “We went to an outdoor party where there was a lot of dirt, they got super dirty/dusty,” revealed this shopper, “so when we got home I threw them in the washer on the delicate cycle and then air-dried them. They came out super clean and fit like a glove!”
$35 $50 at Amazon
Run, don’t walk, to snag these. (Photo: Amazon)
So popular they have over 12,000 five-star reviews on Amazon. So versatile you can wear them for walking or working out. The Go-Walk mega-performance sneakers sport an Ultra Go sole that gives you extra cushioning and a breathable mesh top that wards off the dreaded sneaker smell. Easy to slip on and get out the door. But first, get clicking — this discount won’t last long!
These Go Walks also offer stylish support on the job! One reviewer wrote, “I had to attend a weeklong work convention and knew I needed comfortable yet work-appropriate stylish shoes. I went to the Skechers store and this was the hands-down winner. I was the only coworker who was not miserably sore at the end of each day.”
$45 $60 at Amazon
That criss-cross strapping conspires with a tougher-than-expected insole to make these anything but dainty. Still….so cute! (Photo: Amazon)
Don’t let the name fool you…completely. While these Dainty Flat Sandals are winsome in their way, they’ll also stand up to a good trek around town thanks to their Goga Mat technology that surpasses the typical foam insole. This means more resiliency for the shoe and more spring in your step. With a heathered (yay!) mesh top that’s breathable and sassy.
This reviewer emphasized the all-important comfy factor. “These Skechers were AMAZING!! So soft and no more pain after a full day of walking in them. So glad I purchased these, will buy another pair as I plan to wear them year round. I also like having a pair of ‘indoor only sandals’ to wear around the house! True to size! Get ’em!”
$40.00 $45.00 at Amazon
Tell that rocky hiking trail, cobblestone street and Stairmaster: They’re not the boss of you! (Photo: Amazon)
The Skechers Adult D’Lite Interlude elevates your sneaker game and soothes your feet while providing much-needed support. After you lace it up you’ll know that this won’t be just any old sneaker. The Interlude fits like a dream and looks great doing so, meaning you’ll never want to take it off. This pair is described as “unisex,” but we’d suggest getting them used to your dogs’ shape and scent ASAP — you won’t want to be sharing them!
“I saw these and immediately fell in love with them!” said one smitten reviewer. “I love how colorful they are without being ‘too feminine,’ and as always, they fit ‘just right’ from the get-go. I also really enjoy the air-cooled memory foam foot-pad, they are extremely comfortable for all-day use and feel really nice on my foot. I just love everything about these shoes; they are stylish, comfortable, fit just right, and are long-lasting.”
$55.00 $60.00 at Amazon
Take a walk on the wild side. (Photo: Amazon)
We’re going to go ahead and write down a previously unwritten fashion rule: You cannot go wrong with leopard print! But the allure of this Sporty Sandal doesn’t end there: It will also put pep in your step, thanks to Skechers’ 5GEN advanced sole material that cushions your foot, and Goga Mat technology that extends longer than other memory-foam insoles. This wild sandal provides maximum performance at a price that won’t last!
This happy shopper exclaimed: “These fit perfectly, look cute and are very comfortable!! I was a little leery of the textured foot as my feet are sensitive to all other types I have tried, but this one does not hurt my feet and actually adds to the comfort! The velcro strap makes these easy to put on, so there is nothing to complain about with these…just a good-looking comfy shoe that you will love!”
$39.00 $55.00 at Amazon
You know what they say: “If you buy only one pair of shoes this year…” (Photo: Amazon)
The black-on-black look of these Play-On D-Lites makes them both rugged and stylish. So you can break a sweat with effortless chic. Good for walking, working out, or just keeping up with the chaos of the day, it’s “play on, player” with this sporty number. What we also love: Their leather uppers make them look like you paid waaay more than just 50 bucks.
“My feet are wide and flat with bunions,” revealed this customer who knows all about shoes. “I have little to no arch, so most sport-type shoes hurt my feet because of how high the arches are.” And yet? “These are so comfortable straight out of the box. I didn’t have to lace, loosen or tighten them, and they fit perfectly!! So much so that I honestly almost ordered a second pair just to have hiding in my closet!”
$50.00 $65.00 at Amazon
These shoes are made for walking….but if you want to just sit around and chill, fine by us. You’ll look great either way. (Photo: Amazon)
In pursuit of the perfect walking shoe? Well, look no further. The Skechers Pursuit is radically lightweight, highly responsive, and energizes your every stride. With a soft mesh top and seamless construction, these shoes are built to last. But this discount isn’t, so hurry and snag this pair before it’s too late!
Said his happy shopper (who included photographic accompaniment): “I looked at several versions of this shoe before deciding on this one. I chose it for the great price plus the overall look. I wore them out running errands and extensive walking on different terrains throughout the day. These shoes were comfortable right out of the box. And they are cute! Great shoe. I’m giving them five stars!”
$40.00 $60.00 at Amazon
What’s so funny ’bout peace, love and timeless branding? We give you Bobs from Skechers. (Photo: Amazon)
For a ballet flat to get more than 22,000 five-star Amazon reviews means it’s something else. The Peace and Love Ballet Flat is made of canvas and comes in this groovy shade of red (and 36 other colors!). You’ll love how easy it is to slip on and off, how it looks so chic and cute, and that it has breathable foam and extra comfort. All this at a price that’ll make you want to buy them for you and your fab friends.
This reviewer liked that Bobs is part of the Skechers family of comfy, stylish shoes. “Since these were still Skechers I had high expectations, expectations that have been met from wearing them for a couple of weeks. First off, they look really nice, so I can wear them to work, which is absolutely imperative for me; second, they’re comfy enough for me to wear while running errands. I would absolutely recommend these shoes to anyone looking for a comfortable, pretty, flat shoe for daily wear.”
$30.00 $42.00 at Amazon
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Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California.
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Check out the companies making headlines before the bell Friday:
American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of $1.66, with revenue above estimates as well. Results were helped by a release of credit reserves and increased spending on travel and entertainment.
Honeywell – The industrial conglomerate beat estimates by 8 cents with adjusted quarterly earnings of $2.02 per share, with revenue beating estimates as well. Honeywell saw growth across all its businesses and got a boost from a rebound in areas hardest hit by the pandemic such as commercial aerospace. Honeywell also raised its full-year forecast.
Schlumberger – Schlumberger rose 2.2% after beating estimates on the top and bottom lines on a rebound in oilfield services activity. Schlumberger came in 4 cents above estimates with adjusted quarterly earnings of 30 cents per share.
Kimberly-Clark – The consumer products maker reported quarterly profit of $1.47 per share, falling short of the $1.71 consensus estimate, with revenue roughly in line with forecasts. Kimberly-Clark also cut its full-year earnings forecast, pointing to higher input costs and continued pandemic driven volatility. Shares fell 3.7% in the premarket.
Twitter – Twitter gained 4.5% in the premarket after it beat estimates by 13 cents with adjusted quarterly profit of 20 cents per share. Revenue topped Wall Street forecasts as ad sales surged 87% from a year ago. Twitter also gave an upbeat current-quarter revenue forecast.
Intel – Intel reported adjusted quarterly earnings of $1.28 per share, beating the consensus estimate of $1.06, with the chip maker’s revenue also scoring a beat. However, Intel also issued a forecast that disappointed some investors and also said the global chip shortage could last well into 2023. Intel shares dipped 2.2%.
Snap – Snap soared 16.7% after the social media company surprised analysts with a quarterly profit, earning an adjusted 10 cents per share amid predictions of a 1 cent per share loss. Revenue also beat estimates. Snap also reported higher-than-expected daily user metrics as well as an upbeat revenue forecast.
Skechers – Skechers surged past the 52 cent consensus estimate and reported quarterly earnings of 88 cents per share, with the footwear maker also posting better-than-expected revenue. Skechers said workers returning to offices boosted demand for its “comfort technology” offerings. Skechers rallied 7.1%.
Boston Beer – Boston Beer shares slumped 20.3% after the Sam Adams brewer cut its financial outlook for 2021, citing weaker than expected sales of its hard seltzer brands. In its most-recent quarter, Boston Beer earned $4.75 per share, well below the $6.69 consensus estimate, with revenue short of forecasts as well.
Veoneer – The Swedish auto parts maker soared 55.3% in premarket action after it agreed to be bought by Canadian rival Magna International for about $3.8 billion in cash. The deal will help Magna in its efforts to enhance its driver assistance technology. Magna shares slipped 3.1%.
Capital One Financial – Capital One earned $7.62 per share for its latest quarter, well above the $4.64 consensus estimate, and the financial services company also saw revenue come in above analyst forecasts. Results were boosted by a benefit related to credit losses. Still, Capital One shares fell 1.4% in the premarket.
VeriSign – VeriSign fell 2 cents short of consensus estimates with quarterly earnings of $1.31 per share, with the domain name registrar seeing revenue roughly in line with forecasts. Shares lost 0.6%.
Skechers (SKX) and Crocs (CROX) both easily beat second-quarter earnings forecasts and gave strong guidance Thursday. SKX stock is poised to top a buy point, and CROX stock jumped to a new high.
X
Skechers Earnings
Estimates: Wall Street sees Skechers swinging to a profit of 52 cents a shares from a year-ago loss of 44 cents a share, as revenue soars 104% to $1.49 billion.
Results: EPS of 88 cents on revenue of $1.66 billion. Domestic wholesale sales shot up 205.7%, with international wholesale up 94.8%. Direct-to-consumer sales soared 137.8%.
Outlook: Q3 EPS of 70-75 cents, above consensus for 61 cents, on revenue of $1.6 billion-$1.65 billion, better than views for $1.51 billion. Full-year EPS of $2.55-$2.65, above consensus for $2.09, on revenue of $6.15 billion-$6.25 billion, topping views for $5.93 billion.
Stock: Shares jumped 6.6% to 54.60 late after closing up 1.9% at 151.21 Thursday. SKX stock is now positioned to clear a 51.58 buy point from a double-bottom base on a weekly chart.
Crocs Earnings
Estimates: Analysts expected Crocs earnings per share rose 56% to $1.58. They see sales jumping 68% to $557 million.
Results: Crocs earnings shot up 121% to $2.23 a share. Revenue swelled 93% to $640.8 million, the fourth straight quarter of accelerating growth.
Outlook: The footwear maker sees Q3 revenue up 60%-70%, with full-year sales up 60%-65%. Both are well above consensus.
The Colorado-based maker of foamy rubber clogs has a cult-like following among Gen Z shoppers. Crocs has partnered with pop culture favorites like Justin Bieber and Grammy-winning DJ and producer Diplo among others.
Digital sales have fueled Crocs’ revenue in recent quarters, as customers turned to online shopping during the pandemic.
Stock: Shares surged 10% to close at 131.93 on the stock market today. CROX stock broke out past a 110.01 buy point from a flat base June 23 but is now extended, according to MarketSmith chart analysis. That buy zone topped out at 115.51.
But CROX stock found support at the 10-week line, which also offered a buy point at about 109.50 with a buy range extending 10% to 120.45.
The relative strength line, which tracks performance vs. the S&P 500 index, is trending upward, approaching its all-time high. Its RS Rating is 97 out of a possible 99. Its EPS Rating is a top-notch 99, as it’s posted four straight quarters of earnings growth.
With a Composite Rating of 99, Crocs ranks No. 1 in IBD’s apparel-shoes & related manufacturing group, which itself ranks 31st among 197 groups.
Follow Adelia Cellini Linecker on Twitter @IBD_Adelia.
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