by | Jan 28, 2010 | Press Release
Jan 28, 2010 • 5:01 pm EST
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global leader in the lifestyle footwear industry, today announced that the Company is donating $100,000 to Haiti earthquake relief efforts as well as 5,000 pairs of shoes to the people of Haiti. SKECHERS employees also are raising funds for various charities operating on relief efforts for victims of the tragic earthquake in Haiti.
Specifically, SKECHERS donated $50,000 each to Doctors without Borders and Save the Children – two charities deeply involved in delivering aid to the devastated nation. And the Company has also delivered 5,000 pairs of shoes to Soles 4 Souls, a charity that distributes new and lightly worn footwear to those who need it most.
“SKECHERS has become a brand known around the world, and as a member of the global community, it’s essential that we assist those in need in times of great tragedy,” began Michael Greenberg, president of SKECHERS. “The level of devastation in Haiti is beyond comprehension. We hope that our contribution of money and footwear will make a difference, and we encourage individuals and companies to join in the efforts to help the people of Haiti by giving, giving, giving.”
Greenberg continued: “The SKECHERS team of employees acts very much like a family, always willing to lend a hand to a colleague. I am proud that so many members of our team came together to raise money – in the United States and abroad. Thousands of dollars have also been donated by our employees for several charities working on relief efforts in Haiti.”
SKECHERS carries a strong record when it comes to charity response to major natural disasters. The Company donated and raised cash for victims of the Indian Ocean Tsunami in 2004 and Hurricane Katrina in 2005. And SKECHERS contributes product when appropriate, most notably to victims of the 2007 California Wildfires.
ABOUT SKECHERS USA, Inc.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name, as well as under several uniquely branded names. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com.
ABOUT DOCTORS WITHOUT BORDERS
Doctors Without Borders / Medecins Sans Frontieres (MSF) is an international independent medical humanitarian organization that delivers emergency aid to people affected by armed conflict, epidemics, natural and man-made disasters, and exclusion from health care in nearly 70 countries. A private, non-profit organization, Doctors Without Borders was founded in 1971 as the first non-governmental organization to both provide emergency medical assistance and bear witness publicly to the plight of people it assists.
ABOUT SAVE THE CHILDREN
Save the Children is the leading, independent organization that creates lasting change for children in need in the United States and around the world. Save the Children USA is a member of the International Save the Children Alliance, a global network of 29 independent Save the Children organizations working to ensure the well-being and protection of children in more than 120 countries.
This announcement may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements, and 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, national and local general economic, political and market conditions including the global economic slowdown and the ongoing financial crisis and market instability; 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; 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 Form 10-K for the year ended December 31, 2008 and the Company’s Form 10-Q for the quarter ended September 30, 2009. The risks included here are not exhaustive. The Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the Company cannot predict all such risk factors, nor can the Company assess the impact of all such risk factors on the 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.
by | Jan 14, 2010 | Press Release
Jan 14, 2010 • 2:00 pm EST
SKECHERS Gifting Suite and Lounge Brings Stylish Fitness Footwear to Celebrities and Film Buffs
LOS ANGELES, Jan. 14 /PRNewswire-FirstCall/ — SKECHERS announced today that celebrities and film buffs will be treated to a revolutionary fitness experience at the Shape-ups Lounge during the 2010 Sundance Film Festival. SKECHERS will bring its stylish fitness footwear collection to an exclusive retreat and gifting suite at Harry-O’s Monkey Bar in Park City, January 21-31.
The SKECHERSShape-ups Lounge is designed to immerse Sundance attendees into the world of Shape-ups, and give them a chance to experience firsthand how this innovative footwear may lead to toner muscles, improved posture and reduced joint stress. Complete with technical experts providing Shape-ups fitness tips, the Lounge will serve as a retreat with reflexologists, healthy snacks, a gifting suite for celebrities, and a chance for film buffs to purchase the latest from the Shape-ups collection.
“We’re very excited to share the Shape-ups phenomenon with international style icons, celebrities and film enthusiasts attending Sundance,” said Michael Greenberg, president of SKECHERS. “In just a year, Shape-ups have evolved from an innovative fitness concept to an in-demand lifestyle choice by consumers around the world. Film industry pros are no stranger to juggling busy schedules – and we believe the easy fitness benefits of Shape-ups and the look and feel of this stylish footwear are a perfect fit.”
With Shape-ups’ kinetic wedge midsole and rocker bottom, wearers can build and maintain a healthy lifestyle by getting in shape anywhere they walk. The Shape-ups men’s and women’s collection includes sneakers, dress casual looks, and boots. Shape-ups are available in sporting goods, department and specialty athletic stores around the world.
The SKECHERS Shape-ups Lounge will be open 10:00 am – 5:00 pm from Thursday, January 21 through Sunday, January 31 at Harry-O’s Monkey Bar on 427 Main Street in Park City, Utah.
ABOUT SKECHERS USA, Inc.
SKECHERS USA, Inc. (NYSE: SKX), based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name, as well as under several uniquely branded names. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com.
ABOUT SUNDANCE
The Sundance Film Festival is the premier showcase for U.S. and international independent film, held each January in and around Park City, Utah. Presenting approximately 120 dramatic and documentary feature-length films in seven distinct categories and between 60 and 80 short films each year, the Sundance Film Festival has introduced American audiences to some of the most ground-breaking films of the past two decades, including Sex Lies and Videotape, Maria Full of Grace, Hedwig and the Angry Inch, An Inconvenient Truth, Trouble the Water and Central Station.
This announcement may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements, and 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, national and local general economic, political and market conditions including the global economic slowdown and the ongoing financial crisis and market instability; 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; 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 Form 10-K for the year ended December 31, 2008 and the Company’s Form 10-Q for the quarter ended September 30, 2009. The risks included here are not exhaustive. The Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the Company cannot predict all such risk factors, nor can the Company assess the impact of all such risk factors on the 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.
SOURCE SKECHERS
by | Jan 12, 2010 | Press Release
Jan 12, 2010 • 9:00 am EST
- Fourth Quarter and Full Year 2009 Results to be released on February 17, 2010
LOS ANGELES–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global leader in the lifestyle footwear industry, today announced that the Company expects its fourth quarter 2009 revenue will be in excess of $385 million compared to $298.1 million in the fourth quarter of the prior year. This represents an increase of over $87 million, or approximately 30 percent over the Company’s revenues for the prior year period. The Company expects diluted net earnings per share for its fourth quarter 2009 will be in excess of $0.50, compared with a net loss of $(0.44) in the fourth quarter of 2008.
“Our record sales and profitability for the fourth quarter is a meaningful accomplishment, especially given the challenging retail environment,” said David Weinberg, Chief Operating Officer and Chief Financial Officer of SKECHERS. “In the first six months of 2009, we cleared through excess inventory, returning to profitability in the second half of 2009 with fresh product and new initiatives that were strongly received. The enthusiasm for our product and marketing continued in the fourth quarter, resulting in an exceptional end to the year.”
“Our intent in 2009 was to deliver fresh looks on signature SKECHERS styles while offering the consumer new, innovative product from a brand they have come to trust — all at a reasonable price, which is essential in these challenging economic times,” said Robert Greenberg, Chairman and Chief Executive Officer of SKECHERS. “We believe the approximately 30 percent increase in the quarterly revenue over the prior year in spite of the continued soft retail environment speaks to the success of our product initiatives and marketing efforts, and our solid brand reputation. We look forward to continuing to meet our customers’ needs and further building on our momentum in 2010.”
Weinberg continued: “We believe this record quarter combined with our record 2009 third quarter is a testament to the strength of our brand and an indication of the growing demand and momentum for our footwear. Key indicators, including our backlog and comp store sales, lead us to believe the strong demand for our footwear will continue in 2010.”
The Company’s conference call to review its fourth quarter and full year fiscal 2009 financial results will be on Wednesday, February 17, 2010 at 1:30 pm Pacific Time or 4:30 pm Eastern Time. Participating on the call will be David Weinberg, Chief Operating Officer and Chief Financial Officer.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name, as well as under several uniquely branded names. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com.
This announcement may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements, and 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, national and local general economic, political and market conditions including the global economic slowdown and the ongoing financial crisis and market instability; 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 eyewear for consumers; 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’ Form 10-K for the year ended December 31, 2008 and Skechers’ Form 10-Q for the quarter ended September 30, 2009. The risks included here are not exhaustive. The Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the Company cannot predict all such risk factors, nor can the Company assess the impact of all such risk factors on the 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.
by | Jan 7, 2010 | Press Release
Jan 7, 2010 • 9:00 am EST
LOS ANGELES–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced that David Weinberg, the Company’s Chief Operating Officer and Chief Financial Officer, will be presenting at the ICR XChange Conference to be held on January 13-14, 2010, at The St. Regis Monarch Beach Resort & Spa in Dana Point, California.
SKECHERS’ investor presentation is scheduled for Wednesday, January 13, 2010 at 1:50 P.M. PST.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name, as well as under several uniquely branded names. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com.
by | Dec 23, 2009 | Press Release
Dec 23, 2009 • 11:22 pm EST
LOS ANGELES–(BUSINESS WIRE)– Vanessa Hudgens hosted an autograph signing event at the SKECHERS store in Universal CityWalk, Calif. on Sunday, December 20, 2009. During the event, which marked the end of a two-year endorsement agreement for Red by Marc Ecko footwear, the High School Musical star signed copies of her Ecko Red Holiday ad image – and Red by Marc Ecko shoes – for some 400 adoring fans.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6127057&lang=en
by | Dec 2, 2009 | Press Release
Dec 2, 2009 • 3:42 pm EST
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA (NYSE:SKX), a global leader in the lifestyle footwear industry, today announced that it has signed a worldwide endorsement deal with Pro Football Hall of Fame quarterback Joe Montana in support of Shape-ups fitness footwear through 2010.
The endorsement deal will span all media, including print, television, and outdoor. Montana will be seen in territories around the globe wherever men’s Shape-ups are available.
“I truly believe in this product, which is why I’m looking forward to working with SKECHERS and sharing my Shape-ups experience with the world,” began Joe Montana. “I spent 16 years on a football field — it was an amazing time, but also pushed my body to its limit. Since I started walking in Shape-ups, I have noticed an improvement in my core strength, and the pressure on my back and knees has eased.”
“We’re very excited that Shape-ups will be endorsed by such a remarkable sports icon,” said Michael Greenberg, president of SKECHERS. “We’ve had great success entering the fitness segment with Shape-ups, and having Joe Montana, a true athlete and icon, represent the brand will bring greater recognition to the brand in the sports world.”
Joe Montana kicked off his storied football quarterback career by leading the University of Notre Dame to the championship game in 1977. He followed that with 14 seasons on the San Francisco 49ers, where he drove the team to an incredible four Super Bowl victories. Montana eventually played his final two NFL seasons with the Kansas City Chiefs before retiring in April 1995. With extraordinary career stats covering passes completed (3,409), yards passing (40,551), and touchdown passes (273), Montana was inducted into the Pro Football Hall of Fame in 2000.
Shape-ups from SKECHERS are technical walking shoes designed to promote weight loss, tone muscles and improve posture. Shape-ups have a kinetic wedge midsole that simulates walking on a soft surface like sand, providing natural instability that causes the wearer to use more energy with every step. The men’s and women’s fitness footwear line is available in sporting goods, department and specialty athletic stores around the world.
ABOUT SKECHERS USA, Inc.
SKECHERS USA, Inc., based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name, as well as under several uniquely branded names. SKECHERS footwear is available in the United States via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, as well as in over 100 countries and territories through the Company’s global network of distributors and subsidiaries in Canada, Brazil, Chile, and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com.
This announcement may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements, and 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, national and local general economic, political and market conditions including the global economic slowdown and the ongoing financial crisis and market instability; 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; 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 Form 10-K for the year ended December 31, 2008 and the Company’s Form 10-Q for the quarter ended September 30, 2009. The risks included here are not exhaustive. The Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time and the Company cannot predict all such risk factors, nor can the Company assess the impact of all such risk factors on the 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6112540&lang=en