The Chicago Entrepreneur

Skechers temporarily suspends shipments to Russia

Skechers USA Inc. said Wednesday it is temporarily suspending shipments of its sporty footwear and apparel to Russia following its invasion of neighboring Ukraine. The company said it’s also donating $250,000 in humanitarian aid to Ukraine and matching employee donations up to another $250,000. “We have deep concern for Ukraine and its citizens, who are doing all they can to defend their country and survive while under siege,” President Michael Greenberg said in a statement. Skechers is joining a growing list of companies that are pulling our or suspending investment in Russia. Shares were up 2.8% but are down 12% in the last 12 months, while the S&P 500 has gained 10%.

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