by Zach | Sep 21, 2022 | Press Release
Sep 21, 2022 • 9:00 am EDT
LOS ANGELES–(BUSINESS WIRE)–
Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a virtual fireside chat at the Morgan Stanley Global Sporting Goods Conference on Wednesday, September 28, 2022 at 7:00 a.m. PT.
The audio portion of the fireside chat will be available on replay only following the event and available for 90 days on the Company’s website at investors.skechers.com.
About Skechers USA, Inc.
Skechers USA, Inc., The Comfort Technology Company™, based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in over 180 countries and territories through department and specialty stores, and direct to consumers through digital stores and 4,355 Company- and third-party-owned physical retail stores. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.
Investor Relations
Eunice Han
[email protected]
Press
Jennifer Clay
[email protected]
Source: Skechers USA, Inc.
by Zach | Sep 21, 2022 | Press Release
Sep 21, 2022 • 3:00 am EDT
Footballer from 1998 World Cup Winning French National Team to Appear in Skechers Marketing Campaigns
PARIS–(BUSINESS WIRE)–
Former French international footballer Frank Leboeuf will be bringing his many talents to Skechers when a campaign starring the popular defender launches in France this month. The 1998 World Cup champion, actor, comedian and sports commentator will appear in multi-platform marketing initiatives to support the brand’s performance and lifestyle collections for men.
Frank Leboeuf, winner of the World Cup 98, signs to appear in Skechers marketing campaigns. Photo credit: Eikaetschja
Frank Leboeuf, winner of the World Cup 98, signs to appear in Skechers marketing campaigns. Photo credit: Eikaetschja
“I’ve known Skechers for over eight years now. In 2014, during a trip to New Orleans, I visited a Skechers store where I tried on some memory foam shoes. I was immediately in love, they were so comfortable,” said Frank Leboeuf. “It was then at the Salon Du Fitness in Paris that I met the Skechers team and shared with them my love for the brand. It is important for me to have aesthetic shoes, but especially that they are comfortable because I do many activities during the day. Whether it’s on stage, at the gym, behind the mic as a commentator, Skechers is always the best ally.”
“We have new ambitions for Skechers France. We want to connect more directly with our customers and Frank Leboeuf reflects what defines us: quality, sport but above all comfort. Despite his popularity, he is friendly, spontaneous and funny, so he is an ideal figure that will resonate with consumers in France,” said Stéphane Drapier, Managing Director of Skechers France. “This is a collaboration that will strengthen the awareness of our men’s collections, but it’s also a pride for Skechers to see a local football player like Frank (Lebeouf), who has made history in France, featured in our store windows and campaigns.”
“Europe is one of our best-performing regions and there are great opportunities for the brand within France,” said David Weinberg, Chief Operating Officer of Skechers. “Creating a campaign featuring Frank Leboeuf is a smart investment to grow our men’s business in this market, and we believe it will generate enthusiasm and interest for Skechers and our signature comfort technologies in France.”
Frank Leboeuf is a former French international footballer who played as a defender and began his club career in 1986. From 1991 to 1996, Leboeuf played for Strasbourg before joining Chelsea FC in the English Premier League. He won two Football Association Challenge Cups, a League Cup, a UEFA Super Cup, a Charity Shield and a UEFA Cup Winners’ Cup with the Blues before joining the Olympique de Marseille in 2001 and ending his career in Qatar. In 1998, Leboeuf helped his country win the FIFA World Cup, where he put in a near flawless defensive performance. After retiring, Leboeuf moved to Los Angeles to become an actor, pursuing a passion he had put aside for his football career. After graduating from the prestigious Lee Strasberg Theatre & Film Institute, Leboeuf has appeared in several theatrical productions, as well as in television shows and films including the Oscar-nominated Stephen Hawking biopic The Theory of Everything. Leboeuf continues to act in various projects while contributing his extensive football knowledge as a commentator on various sports programs.
Leboeuf is now part of a Skechers team of retired sports icons which currently includes footballers Jamie Redknapp and Michael Ballack, quarterback and broadcaster Tony Romo, defensive end and broadcaster Howie Long, wide receiver Cris Carter, and boxer Sugar Ray Leonard. Additionally, the roster of elite athletes competing in Skechers features ace Los Angeles Dodgers pitcher Clayton Kershaw, as well as golfers Brooke Henderson, Matt Fitzpatrick, Colin Montgomerie and Billy Andrade.
The range of Skechers men’s footwear and apparel collections are available in Skechers retail stores as well as skechers.fr, plus department, specialty and footwear stores around the globe.
About Skechers USA France SAS and SKECHERS USA, Inc.
Skechers USA France SAS is a subsidiary of Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™ based in Southern California. Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in over 180 countries and territories through department and specialty stores, and direct to consumers through digital stores and 4,355 Company- and third-party-owned physical retail stores. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation around the world, the challenging consumer retail markets in the United States and the impact of Russia’s recent invasion of Ukraine; 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, 2021 and its quarterly reports on Form 10-Q in 2022. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
Skechers USA France SAS
PR & Marketing
Tamaya Chalon
[email protected]
Source: Skechers USA, Inc.
by Zach | Sep 15, 2022 | Press Release
Sep 15, 2022 • 9:00 am EDT
Company Promotes Pete Calichman to SVP of Domestic Sales
LOS ANGELES–(BUSINESS WIRE)–
After nearly three decades with Skechers, Senior Vice President of Domestic Sales Rick Graham has announced his retirement from the global lifestyle and performance brand.
“We’re celebrating the 30th anniversary of Skechers this year, and Rick (Graham) has been a part of our family since the beginning,” said Michael Greenberg, president of Skechers. “He excelled at the Company from the moment he joined us as a regional sales rep in 1993. For 18 years, Rick served as SVP for Domestic Sales guiding the best team in the business and building key relationships to help Skechers become the leader it is today. Though we will miss his insight and dedication to the Company and industry, Rick leaves us prepared for the future.”
Through his tenure with Skechers, Graham was also a Key Account Manager, Regional Manager and the VP of Sales/Women’s. He’s been recognized as a Skechers President’s Award winner and gives back to the footwear industry community as a board member of the Two-Ten Foundation.
The Comfort Technology CompanyTM has promoted footwear industry veteran Pete Calichman—a member of the Skechers team since 2017—to succeed Graham in this position. Graham and Calichman will work together through the end of 2022.
Greenberg added: “Pete (Calichman) will carry the Skechers torch and we believe expand upon our established success thanks to his business acumen, relationships and team building skills.”
Calichman brings to the role more than 25 years of footwear industry experience, chiefly at Saucony where he started as a sales representative and eventually became Vice President of Sales, National Accounts. After a few years as Vice President of Sales with Stride Rite, Calichman joined Skechers in 2017 where he was Vice President of Women’s: Outdoor, Sport, Sport-Active before his promotion to SVP of Domestic Sales.
Graham will remain with Skechers through the end of 2022 to ensure a smooth transition for the entire domestic sales team, as well as success for Calichman in his new role.
About Skechers USA, Inc.
Skechers USA, Inc. (NYSE:SKX), based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in the United States and over 180 countries and territories through department and specialty stores, and direct to consumers through digital stores and 4,355 Company- and third-party-owned physical retail stores. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation around the world, the challenging consumer retail markets in the United States and the impact of Russia’s recent invasion of Ukraine; 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, 2021 and its quarterly reports on Form 10-Q in 2022. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
Jennifer Clay
SKECHERS USA, Inc.
[email protected]
Source: Skechers USA, Inc.
by Zach | Sep 8, 2022 | Press Release
Sep 8, 2022 • 4:00 am EDT
LONDON–(BUSINESS WIRE)–
Skechers USA Ltd., a subsidiary of Skechers USA, Inc., has been named Outdoor Footwear Brand of the Year and Accessory Brand of the Year at the 2022 Footwear Industry Awards. Organised by Datateam Business Media, publisher of Footwear Today magazine, the Awards celebrate the brands, retailers and professionals at the heart of the footwear market.
“It’s a great honour to have earned not one, but two accolades this year at the Footwear Industry Awards,” said Peter Youell, managing director of Skechers UK and Ireland. “As The Comfort Technology Company™, for Skechers to be recognised for Outdoor Footwear Brand of the Year shows how the brand has successfully expanded into this space and is considered a key player when it comes to the innovations in our durable, lightweight and comfortable footwear for hiking, trail and exploring the great outdoors. To win Accessory Brand of the Year is a great added bonus, just like our popular backpack, sunglass and watch ranges add to the overall Skechers experience, building on the brand’s ever-evolving lifestyle package.”
From hiking boots and trail running sneakers to river sandals and rugged slides, Skechers offers a range of Outdoor products across numerous categories for men and women. As an industry leader in comfort known for developing innovative technologies and materials, the Skechers Outdoor collection offers many of the brand’s signature features including patented Skechers Arch Fit® Technology, Skechers Max Cushioning® Technology, Skechers Hyper Burst® Technology, Skechers Air-Cooled Memory Foam®, Skechers Relaxed Fit® Technology, Skechers Stretch Fit® Technology, Skechers Hands Free Slip-ins™ Technology, as well as Goodyear® Performance Outsoles.
“Skechers has been a fixture at the Footwear Industry Awards over the years thanks to support from all of our UK retail partners,” said David Weinberg, chief operating officer of Skechers. “Consumers in the UK and around the world clearly love getting away in our rugged Outdoor products that feature Goodyear® Performance Outsoles for enhanced traction, stability and durability. Additionally, the recognition for our accessories illustrates the strength of Skechers as a complete lifestyle brand beyond our footwear and apparel businesses.”
Skechers received numerous Footwear Industry Awards in past years, including Brand of the Year in 2015, 2016, and 2017. Additionally, Skechers won Sports Brand of the Year in 2012 and 2013, Fashion Brand of the Year in 2014 and 2015, Ladies’ Brand of the Year in 2016 and 2018, Children’s Brand of the Year in 2019, Men’s Brand of the Year in 2020, as well as Leader in Customer Service for 2018.
Celebrity product endorsees for Skechers’ collections include music icons Ava Max, Chesca, Myleene Klass and Willie Nelson; television personalities Joanna Krupa, Brooke Burke, Martha Stewart and Amanda Kloots; Dodgers pitcher Clayton Kershaw; and a slate of retired sports stars such as football players Jamie Redknapp and Michael Ballack, American football player and broadcaster Tony Romo and iconic boxer Sugar Ray Leonard, among others.
The Company’s footwear and apparel collections are available in Skechers retail stores as well as at skechers.co.uk, plus department stores and footwear retailers around the globe.
About Skechers USA Ltd. and Skechers USA, Inc.
Skechers USA Ltd. is an English subsidiary of Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™ based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in over 180 countries and territories through department and specialty stores, and direct to consumers through digital stores and 4,355 Company- and third-party-owned physical retail stores. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, and Twitter.
About Goodyear
Goodyear is one of the world’s largest tire companies. It employs about 72,000 people and manufactures its products in 57 facilities in 23 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation around the world, the challenging consumer retail markets in the United States and the impact of Russia’s recent invasion of Ukraine; 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, 2021 and its quarterly reports on Form 10-Q in 2022. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220908005488/en/
Petra Kereem
Skechers UK
T: +44 (0) 1707 655 955
Source: Skechers USA Ltd.
by Zach | Aug 31, 2022 | Press Release
Aug 31, 2022 • 9:00 am EDT
LOS ANGELES–(BUSINESS WIRE)–
Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference in New York on Wednesday, September 7, 2022 at 1:45 p.m. ET.
The audio portion of the fireside chat will be available live and on replay for 90 days on the Company’s website at investors.skechers.com.
About Skechers USA, Inc.
Skechers USA, Inc., The Comfort Technology Company™, based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in over 180 countries and territories through department and specialty stores, and direct to consumers through digital stores and 4,355 Company- and third-party-owned physical retail stores. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220831005009/en/
Investor Relations
Eunice Han
[email protected]
Press
Jennifer Clay
[email protected]
Source: Skechers USA, Inc.
by Zach | Aug 23, 2022 | Press Release
Aug 23, 2022 • 4:00 am EDT
British Musician, Presenter and Businesswoman is the Brand’s New Ambassador for Skechers Women’s Footwear and Apparel
LONDON–(BUSINESS WIRE)–
Musician, presenter and entrepreneur Myleene Klass is one of the millions who adore Skechers’ stylish, comfortable collections—so much so, that she’s signed on as ambassador for the brand’s footwear and apparel offering across the UK and Ireland. Kicking off this month, Klass’ inaugural Skechers campaign will launch the star’s long-term partnership with the global lifestyle brand, which has evolved into a comfort technology company demanded for its unique innovations for every age and activity.
British musician, presenter and businesswoman Myleene Klass joins team Skechers this summer. (Photo: Business Wire)
British musician, presenter and businesswoman Myleene Klass joins team Skechers this summer. (Photo: Business Wire)
“Skechers has been part of my family’s wardrobe for years. As a busy working mum, I’m always on the go, so comfort is extremely important along with having an effortless look day to day. I love how it caters to everyone’s style—including my own,” said Myleene Klass. “I had an absolute blast shooting my first campaign for Skechers near their corporate headquarters in California, and I couldn’t be more excited to join the Skechers team. I know this will be a great partnership that will align perfectly with my lifestyle—let’s go!”
“Myleene has captivated fans across the UK and Ireland with her many talents. As a musician, TV and radio presenter, and entrepreneur, she shines in everything she does—and she’s sure to inspire consumers as the face of our latest offering,” said Peter Youell, managing director for Skechers in the UK and Ireland. “We have established stores across Great Britain and Ireland, where we see many opportunities for growth—and now with Jamie Redknapp for men and Myleene for women, we’re fully bringing this US-based brand to life in the UK and Ireland and tailoring our global vision to connect with locals everywhere.”
Starting off as a jobbing musician and finding fame with pop group Hear’Say in 2001, Myleene released her debut solo album Moving On a couple of years later which has since gone double platinum. In 2006, pushing herself out of her comfort zone as always, she appeared in the show I’m A Celebrity… Get Me Out Of Here!, in which she came in at second place and became one of the most searched-for celebrities ever on the internet at the time.
Myleene has hosted a variety of major TV programme including CD:UK, The One Show, Popstar to Operastar and BBQ Champ. Now a mum of three, with a blended family of seven, Myleene covers so many areas, from radio presenter at Smooth FM and Classic FM, to author of Top 10 bestseller They Don’t Teach This at School, to creating her own fashion line with British retailer NEXT. She has also been the face of many charity organisations and campaigns and continues her philanthropic work to this day.
Myleene joins a team of Skechers ambassadors that includes music icons Ava Max, Chesca and Willie Nelson; television personalities Joanna Krupa, Brooke Burke and Amanda Kloots; Dodgers pitcher Clayton Kershaw; and a slate of retired sports stars such as football players Jamie Redknapp and Michael Ballack, American football player and broadcaster Tony Romo and iconic boxer Sugar Ray Leonard, among others.
An industry leader in comfort known for developing innovative technologies and materials, Skechers offers a wide range of signature features including its patented Skechers Arch Fit Technology™, Skechers Max Cushioning Technology™, Skechers Hyper Burst Technology™, Skechers Air-Cooled Memory Foam®, Skechers Relaxed Fit Technology™, Skechers Stretch Fit Technology™, Skechers Hands Free Slip-ins Technology™ and Massage Fit Technology™. The Company’s footwear and apparel collections are available in Skechers retail stores as well as at skechers.co.uk, plus department stores and footwear retailers around the globe.
About Skechers USA Ltd. and Skechers USA, Inc.
Skechers USA Ltd. is an English subsidiary of Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™ based in Southern California. Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in over 180 countries and territories through department and specialty stores, and direct to consumers through digital stores and 4,355 Company- and third-party-owned physical retail stores. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. 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, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation around the world, the challenging consumer retail markets in the United States and the impact of Russia’s recent invasion of Ukraine; 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, 2021 and its quarterly reports on Form 10-Q in 2022. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.
Media Contact:
Petra Kereem
Skechers UK
T: +44 (0) 1707 655 955
Source: Skechers USA Ltd.