Skechers Athlete Emily Pedersen Sinks Birdie to Help Secure Team Europe Victory at 2021 Solheim Cup

by Zach | Sep 9, 2021 | Press Release

Sep 9, 2021 • 4:00 am EDT

Skechers was Official Footwear Supplier for Both European and United States Teams with Skechers GO GOLF® Footwear Designs in Team Colors

LOS ANGELES–(BUSINESS WIRE)–
Either result would have been a win for Skechers, as the Comfort Technology Company™ was earlier this year named official footwear supplier for both the European and United States Solheim Cup teams—but the finish was especially exciting when Danish pro golfer and Skechers athlete Emily Pedersen sank a birdie on the 18^th hole wearing Skechers GO GOLF Elite 3™ footwear. Throughout the day, she helped maintain the European women’s lead and confirm the outright win at the Inverness Club in Toledo, Ohio—the second straight Solheim Cup victory for Team Europe.

Danish pro golfer Emily Pedersen tees off in Skechers GO GOLF Elite 3™ footwear at the 2021 Solheim Cup. (Photo: Business Wire)

Danish pro golfer Emily Pedersen tees off in Skechers GO GOLF Elite 3™ footwear at the 2021 Solheim Cup. (Photo: Business Wire)

“While we were pulling for Team USA to take the win at home, we love that our expanded partnership with the Solheim Cup means Skechers has outfitted the European women in victory for the second time,” said David Weinberg, chief operating officer of Skechers. “As we congratulate Team Europe, it’s clear this event is a perfect showcase for our Skechers GO GOLF collection with pros like Emily Pedersen illustrating how the comfort and performance of our footwear can elevate their game. We know that fans of both teams will want to experience the innovative styles only offered by Skechers the next time they’re on the course.”

“I was happy to be in the anchor match against the same player I faced in 2017—but this time with a different outcome,” said Emily Pedersen. “I had to collect myself a bit on those last three holes, and the Skechers GO GOLF shoes make it easy to get comfortable and focus on the game. In the end it felt so nice to hole that final putt and celebrate with the team—I’m so proud of them all.”

In addition to pairs of shoes for the golfers, support staff and officials were provided with Skechers GO RUN Supersonic™ style footwear in team colors, with caddies outfitted in a special waterproof version. This is the first time Skechers supplied footwear to both sides after previously sponsoring the European team in 2017 and 2019. Known for its lightweight, high-quality, stable and comfortable designs, Skechers GO GOLF has achieved prominence within the golf category alongside the brand’s award-winning running, walking and training collections.

The roster of elite golfers wearing Skechers GO GOLF on tour includes Brooke Henderson, Colin Montgomerie, and Billy Andrade. Skechers GO GOLF is available at select Skechers retail stores and skechers.com as well as select retail partners, including specialty golf pro shops.

About SKECHERS USA, Inc.

Skechers (NYSE:SKX), The Comfort Technology Company based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 4,057 Company- and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.

About the Solheim Cup

The Solheim Cup combines the tradition and prestige of the game of golf with passion for one’s country and continent. This biennial international match-play competition features the best U.S. players from the Ladies Professional Golf Association (LPGA) Tour and the best European players from the Ladies European Tour (LET).

The Solheim Cup is named in honor of Karsten and Louise Solheim, founders of Karsten Manufacturing Corporation, which makes PING golf equipment. In 1990, the Solheim family, in conjunction with the LPGA and the LET, developed the concept and became the title sponsor for the Solheim Cup. Today, the Global Partners of the Solheim Cup are PING, Rolex and Marathon Petroleum.

Held every two years, the event has grown into the most prestigious international women’s professional golf team event. The 2021 Solheim Cup was held at Inverness Club in Toledo, Ohio, on Sept. 4-6 with Team Europe taking a thrilling 15-13 victory. Team USA leads Team Europe 10-7 all-time in Solheim Cup competition.

For more information, visit www.SolheimCupUSA.com.

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2020 and its quarterly report on Form 10-Q for the three months ended June 30, 2021. More specifically, the COVID-19 pandemic has had and is currently having a significant impact on Skechers’ business, financial conditions, cash flow and results of operations. Forward-looking statements with respect to the COVID-19 pandemic include, without limitation, Skechers’ plans in response to this pandemic. At this time, there is significant uncertainty about the COVID-19 pandemic, including without limitation, (i) the duration and extent of the impact of the pandemic, (ii) governmental responses to the pandemic, including how such responses could impact Skechers’ business and operations, as well as the operations of its factories and other business partners, (iii) the effectiveness of Skechers’ actions taken in response to these risks, and (iv) Skechers’ ability to effectively and timely adjust its plans in response to the rapidly changing retail and economic environment. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

Media Contacts:


USA:

Jennifer Clay

[email protected]

EU/UK:

Petra Kereem

[email protected]

Source: Skechers

Skechers Commits to $1 Million Donation to Haiti Earthquake Relief

by Zach | Aug 19, 2021 | Press Release

Aug 19, 2021 • 3:34 pm EDT

LOS ANGELES–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company™, is supporting Haiti earthquake relief efforts with a $1 million donation to be given to three charitable organizations: CORE, Hope For Haiti and World Central Kitchen. The Company is supporting these organizations to help the Haitian people who need immediate assistance recovering from this natural disaster.

A helping hand after earthquake in Haiti on August 14, 2021. Photo credit: CORE

A helping hand after earthquake in Haiti on August 14, 2021. Photo credit: CORE

Since the tragic event on the morning of Saturday, August 14, more than 2,100 people have died with countless others critically injured. According to UNICEF, more than 84,000 homes were damaged or destroyed and over a half million children have been left without necessary food, shelter or clean water.

“As soon as we heard about the devastation on Saturday, it was clear that Skechers needed to step up and help the people of Haiti,” said Michael Greenberg, president of Skechers. “We’re donating a combined $1 million to three organizations that are making an immediate difference today—and two of which have been providing critical aid in Haiti for many years. This is just a kickoff. We are expecting to raise significant additional funds through the Million Dollar Challenge for Haiti—one that will encourage our ambassadors, partners and employees to donate with us as the need is tremendous. We are so proud of our associates and affiliates around the globe. We know that our teams and partners will come through for the people of Haiti whose lives have been upturned. Skechers is a culture of caring and making a difference is paramount to who we are.”

CORE (Community Organized Relief Effort)—co-founded by actor and activist Sean Penn in response to the 2010 Haitian earthquake disaster, the organization has continued its work in Haiti and responds globally when crisis strikes where vulnerable communities suffer most.

“We are extremely grateful for this support as funding on the ground is urgently needed,” said Ann Lee, CEO and co-founder of CORE. “The devastation throughout the region is tremendous and there are countless lives that hang in the balance. These resources support our teams that have been on the ground since day one, our mobile medical units, shelter kits, and heavy equipment, clearing access into affected communities for life-saving operations to help those most impacted by the crisis. Our priority is to assist the Haitian government and local organizations by supporting the immediate needs of the Haitian people while developing a long-term recovery plan.”

Hope For Haiti—its ongoing mission is to provide resources to help communities thrive while improving the quality of life for Haitian people, particularly children. The organization works with communities in rural areas in support of education, healthcare, infrastructure, access to clean water, and economic activity.

“Our team is incredibly grateful for the generosity of the Skechers Foundation to launch the Skechers Economy Fund. This contribution will support direct economic relief as a part of our emergency response and recovery plan, specifically providing 1,000 micro grants, 20 loans, financial literacy classes, and digital currency education to school teachers and micro-, small-, and medium-sized businesses with the support of blockchain-enabled cash transfers,” says Skyler Badenoch, Hope for Haiti’s CEO.

World Central Kitchen—founded by chef José Andrés to use the power of food to nourish communities and strengthen economies in times of crisis and beyond. The organization also helps create food resilience and skill training to build opportunities within the community while feeding those who are hungry.

Skechers has just begun the Million Dollar Challenge for Haiti with outreach through the Skechers Foundation and the creation of the Skechers Haiti Relief Fund. The first donations and commitments have come in from some company employees, ambassadors (including Howie Long, Meb Keflezighi, Brooke Burke and Jon Gruden) and licensees (including United Legwear and Apparel Company, Fossil Group, ONSKINERY GmbH and Floriey Industries). These and future donations will be in addition to the $1 million from Skechers and will also go to CORE, Hope for Haiti and World Central Kitchen.

About SKECHERS USA, Inc.

Skechers (NYSE:SKX), The Comfort Technology Company based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 4,057 Company- and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.

About Skechers Foundation

The Skechers Foundation was established to provide families around the world with the necessities and skills to succeed in life. In addition to organizing the Skechers Pier to Pier Friendship Walk, the Skechers Foundation funds tax-exempt, 501(c)(3) nonprofit organizations that provide education and job training, shoes, clothing, fitness and nutrition guidance to communities in need.

About CORE

CORE (Community Organized Relief Effort) is a crisis relief nonprofit organization co-founded by Sean Penn and Ann Lee that is dedicated to saving lives and strengthening communities affected by or vulnerable to crisis. Within hours of the 2010 earthquake in Haiti, Penn mobilized a powerful network to take immediate action. More than 11 years later, CORE continues to lead sustainable programs focused on four pillars: emergency relief, disaster preparedness, environmental resilience, and community building. The organization has expanded beyond Haiti to support communities in the Bahamas, Puerto Rico, the United States, India and Latin America. Amid the COVID-19 pandemic, CORE has been operating free testing sites across the U.S. alongside local partners, providing essential resources and contact tracing services as well as part of its integrated approach to combat the pandemic. In 2021, CORE is working with its partners in the U.S. and internationally to ensure equitable distribution of vaccines, and has published a manual to encourage equity-focused community-based vaccination operations. More information: www.coreresponse.org/covid-19 and follow CORE on Facebook, Instagram or Twitter.

About Hope for Haiti

Hope for Haiti’s mission is to improve the quality of life for the Haitian people, particularly children. For the past 32 years, Hope for Haiti has built a reputation as one of the most trusted non-profit organizations in southern Haiti, through a firm dedication to the highest standards of transparency, accountability, and good governance. The organization’s team includes 62 full-time Haitian staff members who are from and live in Hope for Haiti’s partner communities and serve as key leaders in the implementation of Hope for Haiti’s strategic plan. Using lessons learned in crisis response from the 2010 Earthquake, Haiti’s Cholera Epidemic, Hurricane Matthew, and the spread of COVID-19, Hope for Haiti has developed a comprehensive short- and long-term response & recovery plan for the 2021 Earthquake and is uniquely qualified to respond to the needs of the Haitian people in the days and years ahead. Hope for Haiti is a 4-star rated non-profit by Charity Navigator and is a participant at the Platinum Level through the GuideStar Exchange, two leading independent evaluators recognizing the organization’s transparency and careful stewardship of donor resources. To learn more and read the full response plan, visit: www.hopeforhaiti.com and follow the organization on Instagram @hopeforhaiti for the most recent updates.

About World Central Kitchen

Founded in 2010 by Chef José Andrés, World Central Kitchen (WCK) uses the power of food to nourish communities and strengthen economies in times of crisis and beyond. WCK has created a new model for disaster response through its work helping devastated communities recover and establish resilient food systems. WCK has served more than 50 million fresh meals to people impacted by natural disasters and other crises around the world in countries including The Bahamas, Indonesia, Lebanon, Mozambique, Venezuela, and the United States. WCK’s Resilience Programs in the Caribbean and Central America have trained hundreds of chefs and school cooks, advanced clean cooking practices, and awarded grants to farms, fisheries and small food businesses while also providing training and networking opportunities. Learn more at wck.org.

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2020 and its quarterly report on Form 10-Q for the three months ended June 30, 2021. More specifically, the COVID-19 pandemic has had and is currently having a significant impact on Skechers’ business, financial conditions, cash flow and results of operations. Forward-looking statements with respect to the COVID-19 pandemic include, without limitation, Skechers’ plans in response to this pandemic. At this time, there is significant uncertainty about the COVID-19 pandemic, including without limitation, (i) the duration and extent of the impact of the pandemic, (ii) governmental responses to the pandemic, including how such responses could impact Skechers’ business and operations, as well as the operations of its factories and other business partners, (iii) the effectiveness of Skechers’ actions taken in response to these risks, and (iv) Skechers’ ability to effectively and timely adjust its plans in response to the rapidly changing retail and economic environment. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

Jennifer Clay

Skechers USA

[email protected]

Source: SKECHERS USA, Inc.

Skechers’ Animal Rights Movement Surpasses $7 Million in Donations

by Zach | Jul 27, 2021 | Press Release

Jul 27, 2021 • 9:00 am EDT

The Company’s BOBS from Skechers Philanthropic Collection Has Helped Save and Support Over 1.3 Million Shelter Dogs and Cats in the United States and Canada

LOS ANGELES–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company™, is celebrating its newest milestone for its philanthropic BOBS division: the Company’s total donations have now surpassed $7 million for animals in need throughout the United States and Canada. Through its partnership with Petco Love, a national nonprofit working to lead and inspire change for animals, and sales of its extensive BOBS footwear, apparel and accessory offering, Skechers’ funds have helped save and support over 1.3 million shelter pets across North America.

A MeoowzResQ kitten at a Skechers adoption event in California during National Foster a Pet Month. Through its partnerships with Petco Love and animal welfare organizations, Skechers has donated over $7 million, promoted pet adoptions and raised funds in stores – helping to save and support over 1.3 million shelter pets in the United States and Canada. (Photo credit: Lori Fusaro for BOBS from Skechers + Petco Love)

A MeoowzResQ kitten at a Skechers adoption event in California during National Foster a Pet Month. Through its partnerships with Petco Love and animal welfare organizations, Skechers has donated over $7 million, promoted pet adoptions and raised funds in stores – helping to save and support over 1.3 million shelter pets in the United States and Canada. (Photo credit: Lori Fusaro for BOBS from Skechers + Petco Love)

The brand has continued to drive public awareness for animal welfare this summer with National Foster A Pet month in June—hosting pet adoption events at Skechers retail stores with Petco Love’s animal welfare partners. Community members welcomed home dogs and cats from lifesaving organizations in Dallas, Texas; Harahan, Louisiana; Hialeah, Florida; Marlton, New Jersey and Moreno Valley, California. Consumers across America were also able to support Petco Love and more than 4,000 of its animal welfare partners at local Skechers stores, by rounding up their purchases at checkout—a campaign that raised over $87,000 for dogs and cats independent of Skechers’ total donations.

“As a brand with a vast network of stores, we love finding new ways to inspire consumers and mobilize our stores for good—and these adoption and round-up events have resonated with the public and help bring our BOBS message to life,” said Michael Greenberg, president of Skechers. “We’ve given more than $3.4 million to Petco Love since we launched our partnership in 2019—a movement that’s already transformed thousands of pets’ and persons’ lives in America and is now building momentum across Canada.”

“Our partnership with BOBS from Skechers helps further our mission to end preventable euthanasia and make communities and pet families closer, stronger and healthier,” said Susanne Kogut, president of Petco Love. “Shelter pets were there for us throughout the pandemic providing unconditional love and joy. Fostering, adopting, volunteering, and donating are ways we can be there for them and make a difference.”

Initially a philanthropic collection of slip-on styles that donated new shoes to children in need, the BOBS from Skechers movement has grown to include a popular offering of footwear, apparel and accessories dedicated to helping shelter animals. For every BOBS item purchased in the United States and Canada, a donation is made to Petco Love to help support shelter pets and its lifesaving animal welfare organization network.* Skechers has helped save over 955,000 dogs, cats and other animals through pet adoptions, and contributed to the care of over 395,000 additional animals at nurseries, sanctuaries and medical care facilities.

The BOBS from Skechers collection is available at Skechers.com, Skechers and Petco stores, and select department and specialty locations in the United States. To learn more, follow BOBS from Skechers on Facebook, Twitter and Instagram, or visit BOBSfromSkechers.com. For more on Petco Love, visit petcolove.org or follow at Facebook, Instagram, and Twitter.

*Skechers U.S.A., Inc., 228 Manhattan Beach Blvd., Manhattan Beach, CA 90266, 310-318-3100. Petco Love, 654 Richland Hills Drive, San Antonio, TX 78245, 858-453-7845. During the promotion, BOBS from Skechers will donate twenty-five cents USD per item of specially marked BOBS from Skechers footwear, apparel and accessories sold in the U.S. to Petco Love, a 501c3 nonprofit organization that helps save the lives of dogs, cats and other pets in America’s shelters. The promotion runs from January 1, 2019 through December 31, 2022.

Skechers USA Canada Inc., 5055 Satellite Drive, Unit Number 6, Mississauga, ON L4W 5K7 Canada, 877-644-4414. Petco Love, 654 Richland Hills Drive, San Antonio, TX 78245, 858-453-7845. During the promotion, BOBS from Skechers will donate twenty-five cents CAD per item of specially marked BOBS from Skechers footwear, apparel and accessories sold in Canada to Petco Love, a nonprofit organization that helps save the lives of dogs, cats and other pets in Canada’s shelters. The promotion runs from January 1, 2020 through December 31, 2022.

Skechers USA Canada Inc., 5055 Satellite Drive, Unit Number 6, Mississauga, ON L4W 5K7 Canada, 877-644-4414. Petco Love, 654 Richland Hills Drive, San Antonio, TX 78245, 858-453-7845. Pendant la promotion, 25 cents seront versées avec chaque vente de chaussure, vêtement et accessoire portant la marque BOBS de Skechers au Canada à Petco Love, une organisation sans but lucratif dédiée à sauver la vie des chiens, chats et autres animaux en refuges au Canada. La promotion est valide du 1 janvier 2020 et se termine le 31 décembre 2022.

About SKECHERS USA, Inc.

Skechers (NYSE:SKX), The Comfort Technology Company based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 4,057 Company and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.

About BOBS from Skechers

BOBS from Skechers’ charitable collection of shoes, apparel and accessories have improved animals’ lives: over the past five years, Skechers has contributed more than $7 million to help more than 1.3 million shelter pets, including saving more than 955,000 rescued pets in the United States and Canada. It all started in 2011, when Skechers launched a movement to support children impacted by natural disasters and poverty – a cause that has helped the Company donate more than 16 million new pairs of shoes to kids in more than 60 countries worldwide. To learn more about BOBS from Skechers’ commitment to making a difference, visit BOBSfromSkechers.com and follow the brand on Facebook, Instagram and Twitter.

About Petco Love (Formerly Petco Foundation)

Petco Love is a nonprofit changing lives by making communities and pet families closer, stronger, and healthier. Since our founding in 1999 as the Petco Foundation, we’ve empowered animal welfare organizations by investing $300 million in adoption and other lifesaving efforts. We’ve helped find loving homes for more than 6.5 million pets in partnership with Petco and organizations nationwide. Today, our love for pets drives us to lead with innovation, creating tools animal lovers need to reunite lost pets, and lead with passion, inspiring and mobilizing communities and our more than 4,000 animal welfare partners to drive lifesaving change alongside us. Is love calling you? Join us. Visit petcolove.org or follow at Facebook, Instagram, Twitter and LinkedIn to be part of the lifesaving work we’re leading every day.

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; international economic, political and market conditions including the challenging consumer retail markets in the United States; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2020 and its quarterly report on Form 10-Q for the three months ended March 31, 2021. More specifically, the COVID-19 pandemic has had and is currently having a significant impact on Skechers’ business, financial conditions, cash flow and results of operations. Forward-looking statements with respect to the COVID-19 pandemic include, without limitation, Skechers’ plans in response to this pandemic. At this time, there is significant uncertainty about the COVID-19 pandemic, including without limitation, (i) the duration and extent of the impact of the pandemic, (ii) governmental responses to the pandemic, including how such responses could impact Skechers’ business and operations, as well as the operations of its factories and other business partners, (iii) the effectiveness of Skechers’ actions taken in response to these risks, and (iv) Skechers’ ability to effectively and timely adjust its plans in response to the rapidly changing retail and economic environment. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

Caitlin Faford

Rogers & Cowan/PMK

[email protected]

Jennifer Clay

Skechers USA

[email protected]

Razan Monzer

Skechers Canada

[email protected]

Lisa Lane

Petco Love

[email protected]

Source: Skechers