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BUSINESS
July 1, 2011 | By Ronald D. White, Los Angeles Times
As warehouses go, there are few like Skechers USA Inc.'s new 1.82-million-square-foot distribution center. This warehouse is so big that it takes half a minute to drive from one end to the other at 60 miles per hour. The setup is so advanced that human hands will hardly touch the cargo as it is unpacked, categorized, stacked and prepared for delivery. The building is so green that it uses prevailing winds for ventilation instead of air conditioning. For its new North American operations warehouse, the nation's No. 2 footwear company chose the Inland Empire's Moreno Valley.
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BUSINESS
August 18, 2013 | By Ronald D. White
Trendy footwear maker Skechers USA Inc., trying to overcome the controversy from its toner shoes, is increasing its modest gains from last year and so far outrunning Wall Street's expectations this year. The Manhattan Beach company has posted profits in the last two quarters that exceed last year's total earnings. Its second-quarter net income of 14 cents a share blew past analysts' expectations of 3 cents, on average. Robert Greenberg and his son, Michael, co-founded Skechers in 1992 after the elder Greenberg built L.A. Gear into the world's third-largest footwear giant with $1 billion in sales in 1990 before it slumped and he was pushed out. In the hip teenager lingo of the time, a skecher was someone who was antsy and couldn't sit still.
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BUSINESS
April 24, 2013 | By Adolfo Flores
Skechers USA Inc. appointed a new auditor Wednesday to replace its former accounting firm, KPMG, which was rocked by an insider trading scandal and resigned earlier this month. The Manhattan Beach shoe maker's board of directors named BDO USA as its new independent auditor. BDO is expected to re-audit Skechers' financial statements for the last two fiscal years. KPMG resigned as the shoe company's auditor in April after one of its partners, Scott London, was accused of leaking inside information on five public companies to a friend in exchange for cash and jewelry.
BUSINESS
April 24, 2013 | By Adolfo Flores
Skechers USA Inc. appointed a new auditor Wednesday to replace its former accounting firm, KPMG, which was rocked by an insider trading scandal and resigned earlier this month. The Manhattan Beach shoe maker's board of directors named BDO USA as its new independent auditor. BDO is expected to re-audit Skechers' financial statements for the last two fiscal years. KPMG resigned as the shoe company's auditor in April after one of its partners, Scott London, was accused of leaking inside information on five public companies to a friend in exchange for cash and jewelry.
NATIONAL
May 17, 2012 | By Rene Lynch
Skechers has agreed to pay $40 million to consumers who purchased its  rocker-bottom shoes under the mistaken belief that the shoes would help give them Kim Kardashian's booty or Joe Montana's stamina. So how do you get your piece of the payout if you purchased the shoes months, if not years ago, and don't have a receipt? No problem. This refund relies largely on the honor system. Anyone who purchased the company's line of Shape-Up shoes -- or its Resistance Runners, Tone-ups or Toners -- is entitled to a partial refund whether they have proof of purchase or not, officials said Thursday.
BUSINESS
February 28, 2013 | By Tiffany Hsu
Skechers , the Manhattan Beach footwear maker, has a new line of shoes targeted at teen girls, retailing at stores such as DSW and Dillard's. Sounds normal, until this: The collection is called “ Daddy' $ Money.” The sneakers have hidden 2-inch wedges. Designs include animal prints and lips, with names such as “Gimme Megabucks,” “Gimme Wicked” and “Gimme Mucho Dinero .” An accompanying video features singers crooning about “daddy's girls” with sound effects like a cash register's “ cha - ching .” The pitch on the brand's Facebook page: “Get spoiled with Daddy' $ Money, ultra-cool shoes that will put you in the spotlight with a dose of swag… ” Skechers did not immediately return requests for comment.
SPORTS
July 14, 2012 | By Houston Mitchell
In a feud ripped right out of professional wrestling, Ronda Rousey, who is famous for being an MMA fighter, says she'd come away the winner from an encounter with Kim Kardashian, who is famous for being, um, I'll get back to you on that. In a recent interview (warning: some adult language), Rousey was asked how she feels about the Kardashian clan. "You know what? I would beat the crap out of Kim Kardashian, actually," she said, letting fly with a  hypothetical gut reaction.
BUSINESS
April 9, 2013 | By Stuart Pfeifer
Herbalife maintained that its financial statements are sound and reliable amid news that its auditor is in the middle of an insider-trading investigation. Scott London, 50, a senior partner with KPMG, was ousted by his company after it learned the Department of Justice was investigating him for providing privileged non-public information to a third party who used it to make stock trades. “Herbalife's Audit Committee and management continue to believe that the company's financial statements covering the referenced periods fairly present, in all material respects, the financial condition and results of operations of the company,” the weight loss and nutrition company said.
BUSINESS
July 28, 2011 | By Andrew Khouri, Los Angeles Times
Fitness shoes that wobbled into major-league popularity last year with names like Shape-ups, EasyTone and TrueBalance are getting a tough workout these days. Heralded as the secret to tightening your buns, thighs and abs, the shoes — equipped with uneven soles designed to put muscles into overdrive — flew off the shelves last year as Americans, by one estimate, scooped up nearly 10 million pairs amid the latest fad in the finicky footwear industry. One year later, the shoes have fallen in popularity in a now-flooded market for the workout shoes and companies are focusing more on lighter-weight shoes.
BUSINESS
April 9, 2013 | By Walter Hamilton and Adolfo Flores
Scott London, the KPMG auditor accused of insider trading, said he was caught up in a federal investigation after he leaked clients' information “in an effort to help out someone whose business was struggling.” London told The Times that he provided the information on Herbalife and Skechers for a number of years, and that he never supplied any documents. He apologized for the leaks that ended a nearly 30-year career at the auditing giant. Full coverage: KPMG auditor accused of insider trading “I gave him my thoughts indicating whether the stock was a good buy or not,” London said.
BUSINESS
April 11, 2013 | By Tiffany Hsu
Sanuk, the Irvine footwear firm known for selling its quirky sandals in surf specialty shops, is coming to beachy Santa Monica this week with its first-ever company-owned store. The flagship shop on the Santa Monica Promenade opens Friday. The lo-fi design is meant to evoke a garage - inspired in part by the space out of which Sanuk founder Jeff Kelley first started crafting shoes in 1998. Jake Brandman, Sanuk's president, said in an interview that he considers the store “a place to play.” The 1,000-square-foot location features a wall display crammed with a hodgepodge of yard-sale and thrift-store finds, including a guitar, a surfboard, a Buddha statue in a fish tank and a pile of videotapes such as “Pulp Fiction” and “Free Willy.”  “Consumers are looking for a diversion from all the serious brands they see in a marketplace,” Brandman said.
BUSINESS
April 9, 2013 | By Tiffany Hsu and Andrew Khouri
Trading in shares of Skechers USA Inc. has resumed after being halted earlier Tuesday morning following KPMG's resignation as the footwear company's auditor. KPMG, which fired a senior partner in its Los Angeles office amid allegations of insider trading, also stepped down as auditor of Herbalife, a Los Angeles nutritional supplement company. The resignations from Herbalife and Manhattan Beach-based Skechers occurred Monday. Herbalife's shares were halted at opening. Soon after being reopened to trading, Skechers' stock was up 2%, or 43 cents, to $21.94 a share.
BUSINESS
April 9, 2013 | By Tiffany Hsu
David Weinberg, the finance and operating chief of footwear company Skechers, said the insider trading allegations directed at former KPMG auditor Scott London are “unbelievable.” Skechers, based in Manhattan Beach, along with Los Angeles nutritional supplement company Herbalife, were told Monday of London's suspected misconduct by KPMG. The auditing firm fired London and resigned as auditor to both businesses; the companies briefly halted trading of their shares Tuesday morning.
BUSINESS
April 9, 2013 | By Walter Hamilton and Adolfo Flores
Scott London, the KPMG auditor accused of insider trading, said he was caught up in a federal investigation after he leaked clients' information “in an effort to help out someone whose business was struggling.” London told The Times that he provided the information on Herbalife and Skechers for a number of years, and that he never supplied any documents. He apologized for the leaks that ended a nearly 30-year career at the auditing giant. Full coverage: KPMG auditor accused of insider trading “I gave him my thoughts indicating whether the stock was a good buy or not,” London said.
BUSINESS
April 9, 2013 | By Stuart Pfeifer
Several sources have identified an audit manager of accounting giant KPMG's Los Angeles office as the executive at the center of an insider-trading investigation that involved shares of Herbalife Ltd. and Skechers USA Inc. Scott London, partner-in-charge of KPMG's audit practice in Southern California, oversaw audits of both Herbalife and Skechers, the sources said. He has worked with KPMG since 1984, according to his profile on Linkedin.com. Officials with Skechers and Herbalife said KPMG resigned as the companies' auditor after learning that a manager had provided non-public information about the companies to a third party, who then used the information in stock trades.
BUSINESS
April 9, 2013 | By Stuart Pfeifer
Herbalife maintained that its financial statements are sound and reliable amid news that its auditor is in the middle of an insider-trading investigation. Scott London, 50, a senior partner with KPMG, was ousted by his company after it learned the Department of Justice was investigating him for providing privileged non-public information to a third party who used it to make stock trades. “Herbalife's Audit Committee and management continue to believe that the company's financial statements covering the referenced periods fairly present, in all material respects, the financial condition and results of operations of the company,” the weight loss and nutrition company said.
BUSINESS
April 11, 2013 | By Tiffany Hsu
Sanuk, the Irvine footwear firm known for selling its quirky sandals in surf specialty shops, is coming to beachy Santa Monica this week with its first-ever company-owned store. The flagship shop on the Santa Monica Promenade opens Friday. The lo-fi design is meant to evoke a garage - inspired in part by the space out of which Sanuk founder Jeff Kelley first started crafting shoes in 1998. Jake Brandman, Sanuk's president, said in an interview that he considers the store “a place to play.” The 1,000-square-foot location features a wall display crammed with a hodgepodge of yard-sale and thrift-store finds, including a guitar, a surfboard, a Buddha statue in a fish tank and a pile of videotapes such as “Pulp Fiction” and “Free Willy.”  “Consumers are looking for a diversion from all the serious brands they see in a marketplace,” Brandman said.
IMAGE
November 20, 2011 | Melissa Magsaysay
Location: 10250 Santa Monica Blvd., Los Angeles, at the intersection of Avenue of the Stars and Santa Monica Boulevard. From the 405 Freeway, take the Santa Monica Boulevard exit and go east. Hours: 10 a.m. to 9 p.m. Mon.-Sat.; noon to 7 p.m. Sun. Known for: The AMC/Imax Century City 15 Movie Theater is a big draw for anyone who wants to see the latest action flick or sci-fi film in 3-D Imax. Located next to the theater is the mall's impressive dining area and food court in a modern, somewhat stark gray-and-white motif.
BUSINESS
February 28, 2013 | By Tiffany Hsu
Skechers , the Manhattan Beach footwear maker, has a new line of shoes targeted at teen girls, retailing at stores such as DSW and Dillard's. Sounds normal, until this: The collection is called “ Daddy' $ Money.” The sneakers have hidden 2-inch wedges. Designs include animal prints and lips, with names such as “Gimme Megabucks,” “Gimme Wicked” and “Gimme Mucho Dinero .” An accompanying video features singers crooning about “daddy's girls” with sound effects like a cash register's “ cha - ching .” The pitch on the brand's Facebook page: “Get spoiled with Daddy' $ Money, ultra-cool shoes that will put you in the spotlight with a dose of swag… ” Skechers did not immediately return requests for comment.
SPORTS
July 14, 2012 | By Houston Mitchell
In a feud ripped right out of professional wrestling, Ronda Rousey, who is famous for being an MMA fighter, says she'd come away the winner from an encounter with Kim Kardashian, who is famous for being, um, I'll get back to you on that. In a recent interview (warning: some adult language), Rousey was asked how she feels about the Kardashian clan. "You know what? I would beat the crap out of Kim Kardashian, actually," she said, letting fly with a  hypothetical gut reaction.
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