by Zach | Dec 6, 2018 | Press Release
Skechers president Michael Greenberg and presenter Brooke Burke with the T. Kenyon Holly Humanitarian Award at the 79th Annual Two Ten Gala in New York. Photo by Natural Expressions.
Skechers president Michael Greenberg accepts the T. Kenyon Holly Humanitarian Award at 79th Annual Two Ten Gala in New York. Photo by Natural Expressions.
Dec 6, 2018 • 3:04 pm EST
The T. Kenyon Holly Award Recognizes the Footwear Executive’s Profound Philanthropic Efforts for Children Worldwide
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– At yesterday’s 79th Annual Two Ten Gala in New York, Skechers president Michael Greenberg was given Two Ten Footwear’s most prestigious honor – the T. Kenyon Holly Award for his outstanding local, national and global humanitarian achievements for children. Greenberg’s wide-ranging philanthropic efforts have funded education, supported children with special needs, and donated to families impacted by natural disasters.
Skechers president Michael Greenberg accepts the T. Kenyon Holly Humanitarian Award at 79th Annual Two Ten Gala in New York. Photo by Natural Expressions.
“Michael Greenberg doesn’t just give his name to causes; he gets deeply involved in them. Every event that he’s supported has thrived because of his passion and personal input,” said Neal Newman, president of Two Ten Footwear Foundation. “He has been a tremendous supporter for Two Ten, and has helped to change the lives of hundreds of footwear employees and their families facing a major life crisis, such as homelessness, a medical emergency, natural disaster recovery, or a job loss. With similar fervor, he’s built charitable events from the ground up – and he cultivates their growth with the same ambitious philosophy that has made Skechers a successful business empire. Two Ten is proud to award Michael with our highest honor. He sets an example for our industry to follow.”
Greenberg saw a need for children with special needs to benefit from a schoolwide mentorship program, and became involved in the South Bay Friendship Foundation in 2005. The Foundation has grown into a thriving organization that offers more than 30 school clubs across Southern California and over 60 classes and outings – from trips and summer camps to Dodgers sporting events. To support the Foundation and local schools, he established the Skechers Pier to Pier Walk (www.skechersfriendshipwalk.com) in 2009. Now California’s largest of its kind, the Nickelodeon-sponsored event has topped donations every year since its inception, gathering thousands every October to raise more than $11 million for the Foundation, schools and college scholarships for exceptional students nationwide.
In 2014, Greenberg honored his son by establishing the Harrison Greenberg Foundation, which raised $4 million to save and revive the historical Roundhouse Aquarium on Southern California’s Manhattan Beach Pier. Designed by world-renowned architectural firm CambridgeSeven, the new state-of-the-art teaching and experiential destination offers galleries, touch tanks, educational programs and camps free of charge to hundreds of thousands of visitors worldwide, including thousands of children throughout the community – some of whom are learning about marine life for the first time.
During Hurricane Katrina’s devastation in 2005, Greenberg reached out to support devastated communities, and has since launched a series of donation events for families affected by national disasters – most recently giving shoes, socks, apparel and backpacks to hurricane victims in Puerto Rico, as well as those affected by last month’s California wildfires. To date, the BOBS from Skechers charity footwear program has donated more than 15 million pairs of shoes to children in need throughout the United States and in more than 60 countries around the world.
“I’m moved and inspired to receive this year’s T. Kenyon Holly Award. And though honored, I feel that everything I’ve done has been based on need, and what any business leader should do,” began Michael Greenberg. “I truly believe that every company should give back in any way that they can, and that every human should do the same. The need is great locally, nationally and globally, and we are an industry of achievers. Together, our impact could be massive.”
The T. Kenyon Holly Award is presented to an individual in the footwear, leather or allied industries who exemplifies the spirit and character of the late T. Kenyon Holly, past president of Two Ten Footwear Foundation.
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 the Two Ten Footwear Foundation
Founded in 1939 at 210 Lincoln Street in Boston, MA, the Two Ten Footwear Foundation is the national charitable foundation of the U.S. footwear industry. Two Ten provides emergency financial assistance, natural disaster recovery, educational scholarships, counseling services and professional development programs that improve the lives and careers of the country’s 330,000 footwear employees and their families. The only industry-centric foundation in the country, Two Ten brings the footwear community together to support each other during times of crisis and ensure a bright future for the industry’s workforce. For more information, please visit www.twoten.org.
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]
310.937.1326
by Zach | Nov 27, 2018 | Press Release
Nov 27, 2018 • 2:10 pm EST
Footwear Company Also Announces Holiday Season Retail Fundraising Campaign
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– Skechers is taking Giving Tuesday to heart in partnering with local non-profit organizations to donate much-needed goods for thousands of wildfire victims who have lost their homes and personal possessions after multiple disasters in Northern and Southern California. Additionally, the Company is announcing a state-wide fundraising campaign at Skechers California retail stores through the holiday season.
Skechers is donating more than 10,000 items, including new shoes, socks, apparel, hats, totes, and gift bags filled with toys, snacks, and more, to those devastated by the Camp Fire through the Salvation Army in Chico. Additionally, Skechers donated shoes, socks and apparel to Woolsey Fire residents this past weekend. Today, Skechers also launched a register roundup at its 100 California stores to raise money for the California Community Foundation’s Wildfire Relief Fund, which provides intermediate and long-term recovery support for wildfire victims.
“The scope of California’s wildfires is unfathomable – the city of Paradise and neighboring areas have been decimated. These people have lost their friends and families, their homes, their jobs. And as a California-based company with many friends who evacuated and some who lost everything in the Woolsey Fire – this disaster strikes very close to home for us,” said Michael Greenberg, president of Skechers. “Giving Tuesday is a special reminder that every day is an opportunity to make a difference in the lives of those in need. And this holiday season, more than ever, is a chance for all of us to come together as a community and as a state to rally for these devastated people.”
“The experience of seeing so much loss around me has inspired me and my family to do all that we can to help our community,” said Brooke Burke, a Malibu resident who has organized donation outreach in support of the Woolsey fire victims. “As a Skechers ambassador, I know that Skechers has a beautiful history of being there for families when they most need it – and I’m touched to see all the ways that they’re trying to uplift thousands of California families. We are Malibu Strong, we are able!”
Knowing the need is ongoing, the Company is also collaborating with charity organization Delivering Good to donate more than 1,500 pairs of BOBS from Skechers donation shoes for children impacted in the Paradise area in December.
Skechers’ Giving Tuesday disaster relief is the latest in the Company’s ongoing commitment to families who have been impacted by natural disasters. Through its BOBS from Skechers program and corporate efforts, the Company has contributed to numerous natural disaster events dating back to Hurricane Katrina – most recently donating to flood victims in Texas and Florida following Hurricanes Harvey and Irma, and sending thousands of new shoes, socks, apparel and backpacks in care packages to Hurricane Maria victims throughout Puerto Rico. To date, the BOBS from Skechers program has donated more than 15 million pairs of new shoes to children in need in the United States and more than 60 countries worldwide.
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.
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 USA
[email protected]
(310) 937-1326
by Zach | Nov 12, 2018 | Press Release
Nov 12, 2018 • 5:39 pm EST
The PGA Tour pro swings to victory wearing Skechers GO GOLF Pro 4
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), celebrates Olympic medalist and Skechers Performance ambassador Matt Kuchar’s victory at the Mayakoba Golf Classic at El Camaleon Golf Course yesterday, November 11, 2018, in Playa Del Carmen, Mexico. Kuchar—who competes wearing Skechers GO GOLF footwear—finished at 22 under overall, marking his eighth career PGA Tour win, which moves him up to 29th in the Official World Golf Rankings.
Matt Kuchar—wearing Skechers GO GOLF footwear—lines up a putt on the fifth green of his winning final round at the Mayakoba Golf Classic in Playa del Carmen, Mexico. (Photo: Business Wire)
“It’s terrific to be back in the winner’s circle, and I really feel like my Skechers factored into my success,” said Matt Kuchar. “Confidence and comfort are always critical components in how well I play, and Skechers has designed incredible product that allows me to focus on what I have to do on the course to be my best.”
“We’re proud to be part of Matt’s amazing game this weekend as he secured this pivotal tournament win,” said Michael Greenberg, president of Skechers. “To say it couldn’t happen to a nicer guy is an understatement. Golf fans around the globe have followed his career for two decades, and to see what he’s now accomplished is an inspiration to all. As one of the first pros on our team, he’s been an amazing asset for driving awareness and excitement for the Skechers GO GOLF collection.”
Kuchar has been a leading and respected golfer since breaking onto the golf scene as the U.S. amateur champion in 1998. Now with eight Tour titles in his career, Kuchar is a perennial fixture atop leaderboards. His 2013 season was especially notable, as he earned two victories that year 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. Yesterday, Kuchar achieved his first win since 2014’s RBC Heritage.
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.
SKECHERS USA, 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.
Skechers
Jennifer Clay, 310-937-1326
[email protected]
by Zach | Nov 7, 2018 | Press Release
Nov 7, 2018 • 4:05 pm EST
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will present at the Morgan Stanley Global Consumer & Retail Conference on Wednesday, November 14, 2018 at 8:00 AM ET at the Crown Plaza Times Square in New York.
The audio portion of the presentation will be available live and on replay for 90 days at the Investor Relations section of the Company’s Website at www.skx.com.
About SKECHERS USA, Inc.
SKECHERS USA, 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 June 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.
Company Contact:
SKECHERS USA, Inc.
David Weinberg
Chief Operating Officer
John Vandemore
Chief Financial Officer
(310) 318-3100
or
Press:
SKECHERS USA, Inc.
Jennifer Clay
Vice President, Corporate Communications
(310) 318-3100
or
Investor Relations:
Addo Investor Relations
Andrew Greenebaum
(310) 829-5400
by Zach | Oct 30, 2018 | Press Release
Oct 30, 2018 • 2:50 pm EDT
Donations for Children with Special Needs, School Foundations and Scholarships Have Totaled More Than $11 Million to Date
MANHATTAN BEACH, CA. – October 30, 2018 – The Skechers Foundation broke new fundraising records for children with special needs and education at Sunday’s 10th annual Skechers Pier to Pier Friendship Walk, surpassing $2 million in contributions and totaling over $11 million since the Walk’s launch. Supported by lead presenter Nickelodeon and media sponsor NBC4 Southern California, the event was attended by more than 15,000 walkers and participants as well as numerous entertainment and sport celebrities, including legendary boxer Sugar Ray Leonard, actress and model Brooke Burke and fitness icon Denise Austin.
“At 10 years, the Skechers Pier to Pier Friendship Walk is bigger and better than ever,” said Brooke Burke. “In the many years I’ve taken part, I’ve seen this event grow from a community movement to the largest event of its kind in California. The one thing that never changes is the commitment that all of these families and friends have for their children. It’s such an incredible model for the great things that our community can do for our kids.”
“This event has affected thousands of our kids in profound ways,” added Michael Greenberg, co-founder of the Skechers Pier to Pier Friendship Walk. “The children attending have grown up seeing the great impact a community can have, whether it’s their parents walking for their education, or how they can personally support kids with special needs through more than 33 Friendship Foundation school clubs in the South Bay. At a time when bullying continues to be a concern, we’ve raised a generation who is more sensitive to the needs of those who are different from them, thanks in part to this event and the Friendship Foundation. And I can’t wait to start our next decade of encouraging positive change in our community through this Walk.”
The Skechers Pier to Pier Friendship Walk has raised more than $11 million since its launch in 2009. Funds support The Friendship Foundation, an organization that assists children with special needs and their families through one-on-one peer mentoring and social recreational activities such as summer camps, outings to sporting events and a variety of classes that include music, yoga, cooking, art and drama. The Walk also funds education foundations committed to retaining vital academic programs, maintaining smaller classes, improving libraries and upgrading school technology, and also supports the Skechers Foundation’s annual scholarship program, which will donate $100,000 to deserving students across the country in 2019.
In addition to performances by seven-year-old singing sensation Malea Emma Tjandrawidjaja, upcoming High School Musical star Joshua Bassett, Nayah Damasen, Dream Crew and Pynk Le’monade, fans enjoyed autographs and photographs with characters SpongeBob and Patrick, and young celebrities from shows like Nickelodeon’s Knight Squad, NBC’s This is Us and CBS’ Young Sheldon.
The Skechers Pier to Pier Friendship Walk thanks its headlining sponsor Nickelodeon, media sponsor NBC4 Southern California and numerous additional sponsors, including: The Claudette & Ethan Rickett Care Foundation, Steel Sports, Ross Stores, Moose Toys, Continental Development, Vertra Suncare, JR 286, Kinecta Federal Credit Union, Northrup Grumman, Marshalls, Wells Fargo, United Legwear, Chevron, and more than 100 other companies who have supported our children.
To learn more about the Skechers Pier to Pier Friendship Walk, please visit skechersfriendshipwalk.com and follow us on Facebook, Twitter and Instagram.
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 Skechers USA, Inc.
Skechers USA, 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, 2,800 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 June 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.
