by Zach | Jan 24, 2019 | Press Release
Jan 24, 2019 • 9:00 am EST
Footwear Company and National Pet Brand Announce Their Plan to
Help Save Animal Lives and Improve Pet Health Through Pet Adoptions and
Animal Welfare Programs
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–
Building on its philanthropic history with animal charities, Skechers
has entered a multi-year partnership with the Petco Foundation. The
footwear company will continue to help save the lives of dogs and cats
through its charity line BOBS from Skechers, donating a portion of its
proceeds to the Petco Foundation’s charity network, which funds and
facilitates adoption and medical care programs, spay and neuter
services, pet cancer research, service and therapy animals and
additional initiatives.
BOBS from Skechers continues to help save animals’ lives with new partner Petco Foundation. (Photo: Business Wire)
BOBS from Skechers continues to help save animals’ lives with new partner Petco Foundation. (Photo: Business Wire)
Skechers is also partnering with Petco to launch BOBS for Dogs and BOBS
for Cats shoes in select Petco retail stores nationwide as well as at petco.com
this April. Along with the footwear, consumers will be able to purchase
coordinated animal accessories branded with BOBS from Skechers.
“Petco’s strength as a leading national brand enables us to give back
like never before,” said Michael Greenberg, president of Skechers. “As a
company that has already donated more than $3 million to save and
support shelter pets, we wanted to find a partner that shares our
ambitious animal welfare goals – and we loved how Petco nurtures pet
parents’ lifelong bonds with their animals, from hosting local
organizations’ adoption events to creating in-store and online
communities where animals and their families can regularly visit for
knowledge and support.”
“We’re excited to launch our new partnership with Skechers – a company
with decades of proven success, whose philanthropic message to save
animals’ lives has resonated with millions,” said Susanne Kogut,
president of the Petco Foundation. “As a global lifestyle company, they
know how much pet owners love to dress, wear and celebrate their
relationship with their beloved animals. We see a real synergy between
the BOBS charity movement and our efforts at the Petco Foundation, and
we’re looking forward to expanding the partnership this spring as animal
lovers visit us in stores and online.”
Skechers’ partnership with the Petco Foundation is its newest commitment
to improving animals’ lives through BOBS for Dogs and BOBS for Cats.
Over the past three years, Skechers helped more than 583,000 shelter
pets, including saving the lives of more than 241,000 rescued animals in
the United States. The Company’s wide-ranging initiatives included a
BOBS Roving Rescue bus to help transport shelter pets to their forever
homes.
Now a year-round lifestyle brand, Skechers’ iconic BOBS for Dogs and
BOBS for Cats collection features popular shelter pets, cartooned animal
mosaics, and world-famous animal personalities like Garfield and Grumpy
Cat – as well as apparel from its recently launched animal-themed casual
and sleepwear collections.
For every pair of BOBS from Skechers shoes sold at Petco, Skechers
stores, other national retail stores and online shopping sites in the
United States, twenty-five cents will be donated to the Petco Foundation
to help animals across the country. To learn more, follow BOBS from
Skechers on Facebook,
Twitter,
Instagram
and Pinterest,
or visit www.BOBSfromSKECHERS.com.
About Skechers U.S.A., Inc.
Skechers U.S.A., Inc. (NYSE:SKX) based in Manhattan Beach, California,
designs, develops and markets a diverse range of lifestyle footwear for
men, women and children, as well as performance footwear for men and
women. Skechers footwear is available in the United States and over 170
countries and territories worldwide via department and specialty stores,
2,802 Skechers Company-owned and third-party-owned retail stores, and
the Company’s e-commerce websites. The Company manages its international
business through a network of global distributors, joint venture
partners in Asia and the Middle East, and wholly-owned subsidiaries in
Canada, Japan, throughout Europe and Latin America. For more
information, please visit about.skechers.com
and follow us on Facebook,
Instagram,
and Twitter.
About Petco and the Petco Foundation
Petco is a leading pet specialty retailer with more than 50 years of
service to pet parents. Everything we do is guided by our vision for
Healthier Pets. Happier People. Better World. The Company operates more
than 1,500 Petco and Unleashed by Petco locations across the U.S.,
Mexico and Puerto Rico; prescription services and pet supplies from the
leading veterinary-operated pet product supplier, Drs. Foster & Smith;
complete pet care services and veterinary advice through PetCoach; and
petco.com. The Petco Foundation, an independent non-profit organization,
has invested more than $230 million since it was created in 1999 to help
promote and improve the welfare of companion animals. In conjunction
with the Foundation, it works with and supports thousands of local
animal welfare groups across the country and, through in-store adoption
events, helps find homes for more than 400,000 animals every year.
This announcement contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements 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 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, 2017 and its quarterly report on Form 10-Q for the three
months ended September 30, 2018. 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 the companies cannot
predict all such risk factors, nor can the companies assess the impact
of all such risk factors on their respective businesses 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, Inc.
[email protected]
Petco Foundation
Lisa Lane
[email protected]
Petco
Ventura Olvera
[email protected]
Source: Skechers U.S.A., Inc.
by Zach | Jan 17, 2019 | Press Release
Jan 17, 2019 • 10:00 am EST
Skechers Performance Elite
Athletes Meb Keflezighi and Weldon Kirui set to Appear at Houston
Marathon Health & Fitness EXPO
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–
Skechers Performance™, a division of footwear industry leader SKECHERS
USA, Inc. (NYSE:SKX), returns to Houston, Texas on January 20, 2019, for
its sixth year as the official footwear and apparel sponsor of the
Chevron Houston Marathon® and Aramco Houston Half Marathon®. A
limited-edition collection of official race footwear and apparel will be
available for purchase during the Houston Marathon Health & Fitness EXPO
presented by Texas Children’s Hospital and Houston Methodist on January
18 and 19.
“Skechers is ready to be back in Houston for our sixth year as footwear
and apparel sponsor,” said Michael Greenberg, president of Skechers.
“We’re proud to be part of this event and supporting runners in this
city who have trained hard and put in countless miles preparing for this
international race. And on Sunday the entire Skechers team will be
cheering for our very own elite runner and champion Weldon Kirui, when
he competes in the half marathon.”
Along with racing on Sunday, two-time Skechers Performance Los Angeles
Marathon winner Kirui, as well as four-time Olympian and 2014 Boston
Marathon winner Meb Keflezighi will sign autographs and meet fans at the
Skechers Performance booth on Saturday, January 19, from 1 p.m. to 2 p.m.
The 2019 limited edition collection of official race merchandise for
both the Chevron Houston Marathon and the Aramco Houston Half Marathon
will be available to purchase at the Skechers EXPO booth in the George
R. Brown Convention Center, as well as online at Skechers.com.
The race collections feature the Skechers GO RUN Forza 3™ and Skechers
GO RUN Ride7™ for both men and women. The limited-edition designs
include “Houston” on the heel pull tab as well as an outline of the
state of Texas on the side of the heel, with a star placed to represent
the city of Houston.
Visitors to the EXPO will also have an early opportunity to purchase the
Skechers GO RUN Razor 3 Hyper™ in a new red, white and blue colorway
that complements the Houston Marathon colors before the public release
later this month. This racing shoe is the first Skechers GO RUN style to
feature innovative Skechers Hyper Burst™ midsole technology for highly
responsive, ultra-lightweight and long-lasting cushioning.
Skechers Performance™ will once again offer a register round up for any
purchase made in their official merchandise booth during the marathon
EXPO. Customers will have the option to round their purchase up to the
nearest whole dollar, with the difference being donated to the Houston
Marathon Foundation—an organization that promotes the advancement of
elite distance running in the U.S., and provides after school running
programs, coaching and guidance to over 2,000 youths in the Houston area.
Additionally, through this partnership, Skechers Performance™ has
donated 125 pairs of running shoes and 500 technical running T-shirts to
high school students in need throughout the Houston area. Meb
Keflezighi, in coordination with the Houston Marathon Foundation and
Skechers, will also be meeting with about 60 of those local students on
Friday for an exclusive running clinic to offer pre- and post-marathon
tips as they prepare for the half marathon.
As the official apparel and footwear sponsor, Skechers Performance will
outfit race ambassadors, the pacer group and course volunteers in
official race apparel, as well as provide the finisher shirt for all
runners.
Since its debut with the first model of Skechers GO RUN worn by Meb
Keflezighi in 2012, Skechers Performance footwear and apparel has earned
respect throughout the running world and won numerous awards within the
footwear industry. In addition to being the footwear and apparel sponsor
of the Chevron Houston Marathon and Aramco Houston Half Marathon
Skechers Performance has been the title sponsor of the Skechers
Performance Los Angeles Marathon since 2014.
The Skechers GO RUN collection for men and women is available at
Skechers retail stores and skechers.com as well as select retail
partners.
About Skechers U.S.A., Inc.
Skechers U.S.A., Inc. based in Manhattan Beach, California, designs,
develops and markets a diverse range of lifestyle footwear for men,
women and children, as well as performance footwear for men and women.
Skechers footwear is available in the United States and over 170
countries and territories worldwide via department and specialty stores,
2,802 Skechers Company-owned and third-party-owned retail stores, and
the Company’s e-commerce websites. The Company manages its international
business through a network of global distributors, joint venture
partners in Asia and the Middle East, and wholly-owned subsidiaries in
Canada, Japan, throughout Europe and Latin America. For more
information, please visit about.skechers.com
and follow us on Facebook,
Instagram,
and Twitter.
This announcement contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements 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 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 the Company’s annual report on Form 10-K for the year ended
December 31, 2017, and its quarterly report on Form 10-Q for the three
months ended September 30, 2018. 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 the companies cannot
predict all such risk factors, nor can the companies assess the impact
of all such risk factors on their respective businesses 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]
(310)
937-1326
Source: Skechers U.S.A., Inc.
by Zach | Jan 16, 2019 | Press Release
Jan 16, 2019 • 12:15 pm EST
Seven characters set to be featured in unique colorways on the
next generation Skechers D’Lites 3.0
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–
After landing as one of the hottest footwear collaborations of 2018, the
Straw Hat Pirates are back for a second limited edition series in the
acclaimed Skechers D’Lites X One Piece collection. This ongoing
collaboration unites returning and new characters from Toei Animation’s
anime series with the next generation Skechers D’Lites 3.0—an evolution
of the footwear company’s iconic chunky sneaker.
Skechers launches a new collaboration with the best-selling manga series on a fresh update of its original chunky sneaker style. The limited edition Skechers D’Lites 3.0 X One Piece collection drops now in Asia and is set to roll out to the US in March and Europe in May. (Photo: Business Wire)
Skechers launches a new collaboration with the best-selling manga series on a fresh update of its original chunky sneaker style. The limited edition Skechers D’Lites 3.0 X One Piece collection drops now in Asia and is set to roll out to the US in March and Europe in May. (Photo: Business Wire)
The new Skechers D’Lites 3.0 X One Piece collection spans seven
colorful styles for women, and six for men. Returning from the first
series are new designs featuring Monkey D. Luffy and Trafalgar Law.
Rounding out the range, there are five new characters making their
Skechers debut: Jimbei, Whitebeard, Blackbeard, Marco, and Boa Hancock.
The new designs will be seen on the Skechers D’Lites 3.0, now with an
even chunkier outsole that modernizes the classic retro sneaker profile
without losing that old school aesthetic.
“Uniting our heritage Skechers D’Lites collection with One Piece
far exceeded our expectations. Given the success, our design team
created a second limited edition series to feed the appetite for this
fun collaboration,” began Michael Greenberg, president of Skechers.
“With the amazing press, influencer response, and consumer reaction
around the globe, it’s befitting that series two of our One Piece
collaboration will be on the highly sought after Skechers D’Lites 3.0.”
“We knew One Piece was cool but Skechers elevated our brand
perception with the collaboration on one of the hottest trends of
2018—chunky sneakers,” said Masayuki Endo, president of Toei Animation,
Inc. “We think this trend is still in high demand and this partnership
with Skechers will again be a win for our best-selling anime in 2019.”
Following the global rollout of the first series, the new Skechers
D’Lites 3.0 X One Piece limited edition collection launches
across Asia in January, arrives in the United States early March 2019,
and reaches Europe in May 2019. The footwear will be available at
Skechers retail stores, www.skechers.com,
and select specialty stores.
Eiichiro Oda’s One Piece is the best-selling manga in history
with more than 430 million copies worldwide. In 1997, it spawned an
acclaimed anime series that has produced 890+ episodes. Following the
adventures of Monkey D. Luffy and his fearless Straw Hat Pirates, fans
are taken on a fantastical journey across a world teeming with wonders
and imagination. A multi-generational property, it continues to
captivate viewers both young and old. The story and its characters have
also expanded across other media into film, television, and video/mobile
games, as well as a theme park in Japan.
The original Skechers D’Lites X One Piece collection launched in
January 2018 with awareness driven by media coverage on fashion site Highsnobiety.
Popular trend-focused outlets Hypebeast and Hypebae also
helped spread the word on the first series and will continue their media
partnership by generating global excitement for series two.
Skechers pioneered the chunky sneaker look two decades ago with the
Skechers Energy for men and women as well as the Skechers Stamina for
men. The style evolved and the Company introduced Skechers D’Lites—a
lighter version of its original style—in 2007. Though the collection has
always had a dedicated consumer base, sales accelerated across Asia over
the last two years after regional marketing included K-Pop groups. In
2017, the Company relaunched an even lighter update of Skechers D’Lites
in celebration of its ten-year anniversary. Skechers will be celebrating
the 20th anniversary of the Skechers Energy with a revival of
the original style in 2019.
About SKECHERS USA, Inc.
Skechers U.S.A., Inc. (NYSE:SKX), based in Manhattan Beach, California,
designs, develops, and markets a diverse range of lifestyle footwear for
men, women, and children, as well as performance footwear for men and
women. Skechers footwear is available in the United States and over 170
countries and territories worldwide via department and specialty stores,
2,802 Skechers Company-owned and third-party-owned retail stores, and
the Company’s e-commerce websites. The Company manages its international
business through a network of global distributors, joint venture
partners in Asia and the Middle East, and wholly-owned subsidiaries in
Canada, Japan, throughout Europe, and Latin America. For more
information, please visit about.skechers.com
and follow us on Facebook,
Instagram,
and Twitter.
About Toei Animation, Inc.
Based in Los Angeles, Toei Animation Inc. manages the film distribution
of Toei’s top properties, including Dragon Ball all series, Sailor Moon,
One Piece, Digimon series, Saint Seiya, and many others to North
America, Latin America, South Africa, Australia, and New Zealand. Toei
Animation’s Los Angeles office further handles all categories of
consumer product licensing based on its film and television brands
within these territories.
For more information, please visit http://www.toei-animation-usa.com/.
This announcement contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements 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 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 the Skechers annual report on Form 10-K for the year ended
December 31, 2017, and its quarterly report on Form 10-Q for the three
months ended September 30, 2018. 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 the companies cannot
predict all such risk factors, nor can the companies assess the impact
of all such risk factors on their respective businesses 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 Contact:
Jennifer Clay
SKECHERS USA, Inc.
[email protected]
Source: SKECHERS USA, Inc.
by Zach | Jan 14, 2019 | Press Release
Jan 14, 2019 • 6:28 pm EST
Wearing Skechers GO GOLF Pro 4, the PGA Tour pro claims second
victory this season
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–
Skechers USA, Inc. (NYSE:SKX), celebrates Olympic medalist and Skechers
Performance ambassador Matt Kuchar’s victory at the Sony Open at Waialae
Country Club yesterday in Honolulu. Kuchar—who competes wearing Skechers
GO GOLF footwear—finished at 22 under par overall for his second title
this season, moving him up seven slots to 2nd place in season
points for the FedEx Cup.
Skechers Performance elite athlete Matt Kuchar wins Sony Open in Honolulu wearing Skechers GO GOLF Pro 4 footwear on January 13, 2019. (Photo: Business Wire)
Skechers Performance elite athlete Matt Kuchar wins Sony Open in Honolulu wearing Skechers GO GOLF Pro 4 footwear on January 13, 2019. (Photo: Business Wire)
“It was a great week, and I have a lot of confidence in my game,” said
Matt Kuchar. “Staying comfortable on the course is key, and I thank the
team at Skechers for supporting me along the way.”
“We’re exceptionally proud to be on Matt Kuchar’s team in what’s already
turning out to be a career season for this amazing athlete,” said
Michael Greenberg, president of Skechers. “His dedication and will to
pull through for victory is an inspiration, and we love that fans are
watching him do it all in Skechers GO GOLF.”
Kuchar has been a leading and respected golfer since breaking onto the
golf scene as the U.S. amateur champion in 1998 and as a pro he remains
a perennial fixture atop leaderboards. He earned two victories in a
season for the first time in 2013 and also helped the U.S. squad beat
the international team at the Presidents Cup. In 2016, Kuchar won a
bronze for the United States at the Olympics and was also part of the
victorious U.S. team at the Ryder Cup. The 2019 season is already
turning out to be notable, as he’s now earned multiple titles in a
single season for only the second time in his career. With 100 top-10
finishes since 2001 and nine overall Tour titles, Kuchar currently sits
at number 22 on the Official World Golf Rankings.
Kuchar was one of the first elite pros to join the Skechers Performance
Golf Team in 2014. The brand’s roster of elite golfers wearing Skechers
GO GOLF also includes Brooke Henderson, Wesley Bryan, Russell Knox,
Colin Montgomerie, and Billy Andrade. Kuchar has driven our Skechers GO
GOLF marketing campaigns with a series of humorous commercials.
Known for its lightweight, high-quality, stable and comfortable designs,
Skechers Performance GO GOLF has achieved prominence within the golf
category, alongside the brand’s award-winning running, walking and
training collections. The Skechers Performance GO GOLF apparel line
offers athletes comfort and freedom of movement through a wide
assortment of styles constructed with innovative moisture-wicking
fabrics in a variety of colors for both men and women.
Skechers Performance GO GOLF is available at Skechers retail stores and
skechers.com as well as select retail partners including specialty golf
pro shops.
About Skechers USA, Inc.
Based in Manhattan Beach, California, Skechers designs, develops and
markets a diverse range of lifestyle footwear for men, women and
children, as well as performance footwear for men and women. Skechers
footwear is available in the United States and over 170 countries and
territories worldwide via department and specialty stores, 2,802
Skechers Company-owned and third-party-owned retail stores, and the
Company’s e-commerce websites. The Company manages its international
business through a network of global distributors, joint venture
partners in Asia and the Middle East, and wholly-owned subsidiaries in
Canada, Japan, throughout Europe and Latin America. For more
information, please visit about.skechers.com
and follow us on Facebook,
Instagram,
and Twitter.
This announcement contains forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements 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 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 the Company’s annual report on Form 10-K for the year ended
December 31, 2017, and its quarterly report on Form 10-Q for the three
months ended September 30, 2018. 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 the companies cannot
predict all such risk factors, nor can the companies assess the impact
of all such risk factors on their respective businesses 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 Contact:
Jennifer Clay
Skechers
310-937-1326
[email protected]
Source: Skechers USA, Inc.
by Zach | Jan 14, 2019 | Press Release
Rendering depicting the new Skechers Design Center in Hermosa Beach, California. This is one of several buildings in development for expansion of Skechers Corporate Headquarters. (Graphic: Business Wire)
Skechers breaks ground on Skechers Corporate Headquarters expansion that will more than double design, office and showroom space in adjacent buildings in Manhattan Beach and Hermosa Beach, California. Shown from left: Chief Operating Officer David Weinberg, Chief Financial Officer John Vandemore, Senior Vice President of Real Estate and Construction Peter Mow, Skechers President Michael Greenberg, and Vice President of Commercial Development Tim Ball. (Photo: Business Wire)
Jan 14, 2019 • 11:00 am EST
New Buildings Cement Footwear Company’s Commitment to Global Growth Adding more than 175,000 Square Feet of Office, Design and Showroom Space
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– Footwear industry leader Skechers USA, Inc. (NYSE:SKX) on Friday celebrated a new era and commitment to global growth and its hometown community by breaking ground on an expansion of the Skechers Corporate Headquarters that will span several adjacent buildings in Manhattan Beach and Hermosa Beach, California. The project will more than double the Company’s office, design and showroom space in the South Bay, bringing it to just over 330,000 square feet.
Skechers breaks ground on Skechers Corporate Headquarters expansion that will more than double design, office and showroom space in adjacent buildings in Manhattan Beach and Hermosa Beach, California. Shown from left: Chief Operating Officer David Weinberg, Chief Financial Officer John Vandemore, Senior Vice President of Real Estate and Construction Peter Mow, Skechers President Michael Greenberg, and Vice President of Commercial Development Tim Ball. (Photo: Business Wire)
“We started Skechers in a Manhattan Beach condominium in 1992, and now we’re a global brand with annual sales of over $4 billion in 2017,” began Michael Greenberg, president of Skechers. “Through our years of incredible growth, we’ve called the South Bay home, so to be able to expand our headquarters where this Company was born, is important to who we are. This community inspires all that we do, and we share it with visiting customers from around the globe who shop and eat locally and fall in love with our beaches.”
“It’s been a challenge to meet the needs of our growing business with our existing space,” added David Weinberg, Skechers Chief Operating Officer. “This investment in our corporate headquarters allows us to better plan for the future and increase efficiencies. It will allow us to consolidate our teams, give us room to grow, and enhance our work, design, meeting and showroom space.”
At the centerpiece will be a more than 100,000-square-foot Design Center as well as neighboring Executive Offices on Pacific Coast Highway in Hermosa Beach. Additionally, there will be an expansion to the existing building at 330 South Sepulveda Boulevard and a new office across the street in Manhattan Beach.
All buildings are being developed with sustainability in mind to achieve LEED Gold certification upon completion. Earth-friendly features will include solar panels, daylight harvesting and motion-controlled lighting, high-performance glass, R30 insulation, and Forest Stewardship-certified wood. Additionally, landscaping will utilize drought-tolerant bio-filtration planters with low-water use plumbing and irrigation. And Skechers will continue its ongoing commitment to reduce waste at every level across the entire corporate headquarters—from recycling services to eco-friendly kitchen materials.
“As a fast moving, forward-thinking brand, it’s essential for Skechers to expand our office space to stay ahead of the curve,” said Robert Greenberg, Skechers Chief Executive Officer. “We have always focused on meeting the needs of consumers around the world, growing our business significantly including more than doubling our annual sales in four years, but we also believe there are numerous opportunities to strategically expand our business. The new Skechers Corporate Headquarters will give us the much-needed space to achieve this. And with completion anticipated for 2022, this beautiful new headquarters will mark the celebration of our 30th anniversary.”
A component of the project will be a beautification of the corridor that had become in disrepair due to the closing of several businesses. This will include a “Welcome to Hermosa Beach” sign at Longfellow Avenue and Pacific Coast Highway that will be designed by a local artist as well as the undergrounding of utilities plus improvements to benches, sidewalks and bus stops. The buildings will be designed with increased setbacks and landscaping. Additionally, the project includes subterranean on-site parking for all Skechers employees.
The new Skechers Corporate Headquarters has been designed by architect David Forbes Hibbert, founder of DFH Architects, an independent, award-winning architecture firm with over twenty years experience. The firm also designed and developed the original Skechers Corporate Headquarters building at 330 South Sepulveda Boulevard as well as notable projects like Universal Music Headquarters in Santa Monica and the k2LA Apartments in Koreatown.
About Skechers U.S.A., Inc.
Based in Manhattan Beach, California, Skechers designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. Skechers footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, 2,802 Skechers Company-owned and third-party-owned retail stores, and the Company’s e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, and Twitter.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements 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 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 the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended September 30, 2018. 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 the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses 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, Inc.
[email protected]