by Zach | Jun 28, 2022 | Press Release
Jun 28, 2022 • 4:00 am EDT
LONDON–(BUSINESS WIRE)–
Skechers USA Ltd., a subsidiary of Skechers USA, Inc., The Comfort Technology Company™, today announced that Skechers has been awarded Men’s Footwear Brand of the Year for the second year at the Drapers Footwear Awards 2022. Skechers was praised by the panel of expert judges for its unique ability to cater to a variety of consumer tastes and they commended the brand on its strong sales growth, recognizing the menswear market is the hardest to crack within the industry.
Skechers ambassador Jamie Redknapp in his Skechers Arch Fit® campaign. (Photo: Business Wire)
Skechers ambassador Jamie Redknapp in his Skechers Arch Fit® campaign. (Photo: Business Wire)
“To win the Drapers Men’s Footwear Brand of the Year award two years in a row truly reflects the superior Skechers product, tenacity of the sales teams, and effective marketing that has gone behind solidifying this category in our market,” said Peter Youell, managing director of Skechers UK & Ireland. “We are connecting with millions of consumers across the UK and our partnership with Jamie Redknapp is resonating with both our core audience and a growing segment who respects Jamie. It’s a successful partnership, one that we are happy to see continue, as we also look forward to our men’s business going from strength to strength.”
David Weinberg, COO of Skechers, added: “Earning the Drapers award for our men’s division for the second consecutive year is an illustration of how our investments in product development and infrastructure, from distribution to retail to online, have ensured that we’re delivering in-demand styles to consumers at the right time in the UK, across Europe and around the world. Our growth in this and other categories is also thanks to our signature comfort technologies that shoppers know they can only find at Skechers.”
The results of the Drapers Footwear Awards 2022 were revealed at an industry ceremony on 23 June in London at Grosvenor House. In 2019 and 2020, Skechers was recognized by Drapers as Women’s Brand of the Year, followed by Men’s Brand of the Year in 2021. Drapers Magazine is the market-leading title offering unparalleled access to the UK fashion market, and the Drapers Footwear Awards are the most respected and prestigious in the footwear retail industry.
In addition to retired football player Jamie Redknapp, celebrity product endorsees for Skechers’ collections for men in the UK include music artist Willie Nelson; golfers Colin Montgomerie, Matt Fitzpatrick, and Billy Andrade; and Los Angeles Dodgers pitcher Clayton Kershaw, as well as a slate of retired sports stars such as footballer Michael Ballack; American football players and broadcasters Tony Romo, Howie Long and Cris Carter; and iconic boxer Sugar Ray Leonard.
From fashion styles to lifestyle product and performance shoes for sport enthusiasts, Skechers’ offering is enhanced with the Company’s signature comfort innovations—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 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 4,308 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 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 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 report on Form 10-Q for the three months ended March 31, 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.
Petra Kereem
Skechers USA Ltd.
[email protected]
+44 (0) 1707 655 955
Source: Skechers USA Ltd.
by Zach | Jun 21, 2022 | Press Release
Jun 21, 2022 • 6:00 am EDT
Wearing Skechers GO GOLF® Footwear,
Fitzpatrick Wins First Major of His Career
LOS ANGELES–(BUSINESS WIRE)–
Elite golfer and rising star Matt Fitzpatrick earned his first career Majors victory—and the first since becoming a brand ambassador for Skechers—at the 122nd U.S. Open® on Sunday. Competing in Skechers GO GOLF Pro 5 Hyper™, Fitzpatrick won by a single stroke and finished 6 under par against a challenging field of competitors. He’s the second player in history, Jack Nicklaus being the first at Pebble Beach, to win the U.S. Amateur (2013) and U.S. Open at the same venue, The Country Club in Brookline, Massachusetts.
Matt Fitzpatrick, competing in Skechers GO GOLF Pro 5 Hyper™ footwear, wins 2022 U.S. Open®—his first Majors victory. Photo Credit: David Cannon via Getty
Matt Fitzpatrick, competing in Skechers GO GOLF Pro 5 Hyper™ footwear, wins 2022 U.S. Open®—his first Majors victory. Photo Credit: David Cannon via Getty
“It came down to the end on Sunday and winning my first major has been a lifelong goal, so for it to happen on this course where I won the U.S. Amateur, there’s just so much emotion,” said Matt Fitzpatrick. “The weather was a big challenge, but I was able to stay focused, thanks to the comfort and performance of Skechers working well for me on the course.”
“We always knew Matt was a special player, so for him to be in Skechers earning a career-defining victory at the historic U.S. Open is valuable exposure for the Skechers GO GOLF brand,” said Michael Greenberg, president of Skechers. “The U.S. Open is one of the most prestigious showcases for the sport, so millions viewing on television watched a player never give up and compete to the end for his first Majors win—all while illustrating how our footwear delivers the comfort and performance that any golfer desires. There’s so much on the horizon for this champ, and we’re honored to be with him.”
After a successful amateur career, Fitzpatrick turned pro at the age of 19. The English native earned his first professional victory in 2015 at the British Masters at Woburn Golf Club. The next year, he was selected for the Ryder Cup European team and went on to win the 2016 DP World Tour Championship. Since his professional debut, Fitzpatrick has achieved seven wins on the European Tour, most recently winning the Estrella Damm N.A. Andalucía Masters at Real Club Valderrama. He is currently ranked #10 in the World Golf Rankings.
Earlier this year, Fitzpatrick joined the roster of Skechers golf pros currently including Brooke Henderson, Colin Montgomerie, and Billy Andrade who all wear Skechers GO GOLF on tour. Former quarterback and broadcaster Tony Romo is also an ambassador for the brand’s golf footwear and appears in GO GOLF marketing campaigns.
Known for its lightweight, high-quality, stable and comfortable designs, Skechers GO GOLF has achieved prominence within the golf category alongside the brand’s award-winning running, walking and training collections. Select styles from The Comfort Technology Company™ include signature innovations like Skechers Arch Fit®, ULTRA GO® and Hyper Burst® cushioning, along with other key features.
Skechers GO GOLF footwear 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. (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 4,308 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 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 report on Form 10-Q for the three months ended March 31, 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.
USA:
Jennifer Clay
Skechers
[email protected]
UK:
Petra Kereem
Skechers UK
[email protected]
Source: Skechers USA, Inc.
by Zach | Jun 14, 2022 | Press Release
Jun 14, 2022 • 1:04 pm EDT
Wearing Skechers GO GOLF footwear, Canada’s Top-Winning Golfer Earns 11th Career Pro Victory
LOS ANGELES–(BUSINESS WIRE)–
Elite golfer Brooke Henderson earned her first victory of the season wearing Skechers GO GOLF® footwear and apparel with an exciting come-from-behind playoff victory Sunday at the ShopRite LPGA Classic on the Seaview, Bay Course in Galloway, New Jersey. The golf pro finished 12 under par to achieve her 11th career LPGA title—expanding her record as Canada’s winningest golfer in the history of the LPGA and PGA Tours.
Skechers Elite Athlete Brooke Henderson wins ShopRite LPGA Classic—her 11th career pro tour victory. Photo Credit: Kyodo News via Getty Images
Skechers Elite Athlete Brooke Henderson wins ShopRite LPGA Classic—her 11th career pro tour victory. Photo Credit: Kyodo News via Getty Images
“Starting Sunday in ninth place, I thought I was too far back, but I felt comfortable, strong and ready to go,” said Brooke Henderson. “My parents were on the course supporting me, along with my sister who was caddying for me, and I wanted to stay aggressive after coming so close last year. It was definitely a well-fought victory.”
“Brooke is a strong competitor, and her dedication is an inspiration to her fanbase in North America and around the world,” said Michael Greenberg, president of Skechers. “She’s an incredible asset to our brand and we love that she’s finding success wearing Skechers GO GOLF in the 2022 season. We’re proud to be on her team as she illustrates how our golf footwear can help elevate anyone’s game—whether you’re just starting out or a seasoned pro.”
Henderson has become a prominent face in women’s golf since turning professional in December 2014. She won her first LPGA Tour event in 2015 at the Cambia Portland Classic, a title she would defend in 2016. She went on to become the second youngest player to capture a major championship with her win at the 2016 KPMG Women’s PGA Championship. Brooke also represented Canada at the Olympic games in Brazil and again in Tokyo in 2021. In 2018, she won the Lotte Championship, and she also became the first Canadian in 45 years to win the national championship at the CP Women’s Open. Now with 11 titles including the Hugel-Air Premia LA Open in April 2021, Henderson owns the record for most professional golf wins by a male or female Canadian, and in 2019 won the ESPY for Best Female Golfer. She is currently ranked #8 in the World Golf Rankings.
Henderson joined the Skechers elite golf team in 2016, wears Skechers GO GOLF footwear and apparel on tour and has been featured in ongoing marketing campaigns for the brand. She has competed in recent tournaments wearing Skechers GO GOLF Elite 4 HYPER™ footwear. Additional pros wearing Skechers GO GOLF on tour include Matt Fitzpatrick, Colin Montgomerie and Billy Andrade. Known for its lightweight, high-quality, stable and comfortable designs, Skechers GO GOLF has achieved prominence within the golf category alongside the brand’s award-winning running, walking and training collections.
Skechers GO GOLF footwear 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. (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 4,308 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 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 report on Form 10-Q for the three months ended March 31, 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:
Jennifer Clay
Skechers
[email protected]
Source: Skechers USA, Inc.
by Zach | May 24, 2022 | Press Release
May 24, 2022 • 2:18 pm EDT
LOS ANGELES–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company™, celebrates 17-time NCAA national champion Edward Cheserek’s second consecutive win at the 2022 Carlsbad 5000 in Carlsbad, CA on Sunday, May 22. The Skechers elite runner, who also won the event known as the World’s Fastest 5K when it was last held in 2019, ran in 13:44, crossing the finish line one second ahead of the next competitor.
Skechers elite runner Edward Cheserek, racing in Skechers Speed Elite footwear, wins second straight Carlsbad 5000 on Sunday, May 22, 2022. Photo credit: Carlsbad 5000
Skechers elite runner Edward Cheserek, racing in Skechers Speed Elite footwear, wins second straight Carlsbad 5000 on Sunday, May 22, 2022. Photo credit: Carlsbad 5000
“After winning in 2019, I said I couldn’t wait to race again here next year. It ended up taking a little bit longer than we thought due to the pandemic, but feels so good to be back and to win again on this course is more than I could have hoped for,” said Cheserek, who raced wearing the Skechers Speed Elite. “It’s a bonus that a legend like Meb is involved in this race. Knowing how much he achieved with Skechers really got me ready to compete hard, and I’m honored to represent the team with a victory.”
Since the inaugural race in 1986, the World’s Fastest 5K has been more than just a catchy tagline. Numerous records have been set throughout the past 35 years, and the Carlsbad 5000 is an ever-tested proving ground for racing. Skechers elite marathoner Meb Keflezighi headlines a group of local running industry leaders who took ownership of the event in 2018.
“It’s been a long three years since the last Carlsbad 5000, but Edward’s repeat win was the perfect way to begin the next chapter of this fantastic race,” added Meb Keflezighi. “It’s great to be back with the runners and fans in the San Diego area and I loved watching another member of the Skechers running family push so hard to cross that finish line first.”
“Edward is a true competitor who never gave up to get the win in an exciting photo finish ending,” said Michael Greenberg, president of Skechers. “Runners around the world are inspired by his determination and focus, so we’re fortunate to have him on our team illustrating how the comfort and performance of Skechers GO RUN technical footwear can lead to the podium. We look forward to continuing this journey together and the exciting possibilities ahead.”
Originally from Kenya, Cheserek attended Saint Benedict’s Preparatory School in New Jersey, where he was named the Gatorade 2013 National Cross Country Runner of the Year, before choosing to continue his collegiate career at distance running powerhouse, University of Oregon. In 2013, Cheserek became the first freshman in school history to win the NCAA National Cross Country Championships and would then go on to repeat as cross country champion in his sophomore and junior years. By the end of his collegiate career, Cheserek was the winningest male athlete in NCAA Division I athletics’ history with a combined 17 national championships in cross country plus indoor and outdoor track and field. After going pro in September 2017, he set a new PR in the indoor mile with a win at the 2018 Boston University Valentine Invitational. Wearing custom Skechers GO RUN racing spikes, his time of 3:49.44 placed him at #2 all-time on the world record list for that distance. In April 2019, Cheserek won the Carlsbad 5000 in 13:29, tying the IAAF road world record and achieving a new road 5K personal best.
Since its debut with the first model of Skechers GO RUN worn by Meb Keflezighi in 2012, Skechers Performance footwear has earned respect throughout the running world and won numerous awards within the footwear industry. The entire Skechers GO RUN collection for men and women is available at Skechers retail stores and skechers.com as well as select retail partners.
About Skechers USA, Inc.
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 4,308 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 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 report on Form 10-Q for the three months ended March 31, 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 | May 12, 2022 | Press Release
May 12, 2022 • 9:00 am EDT
The Company’s BOBS from Skechers Philanthropic Collection Has Saved and Helped Over 1.5 Million Shelter Dogs and Cats in the United States and Canada
LOS ANGELES–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company™, reached a new milestone for its philanthropic BOBS from Skechers collection—donating over $8 million to date to save and help over 1.5 million animals in need in the United States and Canada. The milestone reflects the Company’s growing investment in animal welfare across North America, which in June will include a register round-up at Skechers stores throughout the United States and Canada as well as planned adoption events with national non-profit organization Petco Love and animal welfare partners in California, Texas, Nebraska and Vancouver.
Los Angeles Animal Services shelter pets at a Skechers pet adoption event in California. Since 2015, the Company has donated over $8 million—funds that have helped Petco Love and 4,000 animal welfare organizations save and support more than 1.5 million dogs and cats in the United States and Canada. (Photo: Business Wire)
Los Angeles Animal Services shelter pets at a Skechers pet adoption event in California. Since 2015, the Company has donated over $8 million—funds that have helped Petco Love and 4,000 animal welfare organizations save and support more than 1.5 million dogs and cats in the United States and Canada. (Photo: Business Wire)
“The BOBS from Skechers movement has inspired communities everywhere who love animals—and through this collection, we continue to find new ways to help make a difference,” said Michael Greenberg, president of Skechers. “From growing our BOBS apparel lines to offering low-cost, on-site vaccination services at our adoption events, we’re giving consumers more opportunities to show their love and care for shelter dogs and cats—and we’re grateful to have our great partner Petco Love along for this incredible journey.”
Initially a philanthropic collection of slip-on styles that donated new shoes to children in need, the BOBS from Skechers movement now includes a popular offering of footwear, apparel and accessories dedicated to helping shelter animals. For every BOBS from Skechers item purchased in the United States and Canada, a donation is made to Petco Love to help support shelter pets and its 4,000 animal welfare partners across North America.* Skechers has helped save over 1.1 million dogs, cats and other animals through pet adoptions, and contributed to the care of over 400,000 additional animals at nurseries, sanctuaries and medical care facilities.
Additionally, Skechers and Petco Love continue to recognize organizations across the country that have gone above and beyond to protect and save shelter dogs and cats by investing in their lifesaving work with special grants and check celebrations. These grants allow the organizations to expand their efforts to help more animals in need through adoption, medical care, and numerous other lifesaving initiatives throughout the nation.
“The work we do with BOBS from Skechers allows us to help even more animals and bring pets and families together,” said Susanne Kogut, president of Petco Love. “The donations from Skechers are lifesaving and help us build closer, stronger, and healthier communities for both pets and the people who love them.”
The BOBS from Skechers collection is available at Skechers.com, Skechers and department and specialty locations in the United States and Canada as well as select Petco stores. To learn more, follow BOBS from Skechers on Facebook, Twitter and Instagram, or visit BOBSfromSkechers.com. For more on Petco Love, visit petcolove.org or follow at Facebook, Instagram, and Twitter.
*Skechers U.S.A., Inc., 228 Manhattan Beach Blvd., Manhattan Beach, CA 90266, 310-318-3100. Petco Love, 654 Richland Hills Drive, San Antonio, TX 78245, 858-453-7845. During the promotion, BOBS from Skechers will donate twenty-five cents USD per item of specially marked BOBS from Skechers footwear, apparel and accessories sold in the U.S. to Petco Love, a 501c3 nonprofit organization that helps save the lives of dogs, cats and other pets in America’s shelters. The promotion runs from January 1, 2019 through December 31, 2022.
About Skechers USA, Inc.
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 4,308 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.
About BOBS from Skechers
BOBS from Skechers’ charitable collection of shoes, apparel and accessories have improved animals’ lives: over the past seven years, Skechers has contributed more than $8 million to help over 1.5 million shelter pets, including saving 1.1 million rescued pets in the United States and Canada. It all started in 2011, when Skechers launched a movement to support children impacted by natural disasters and poverty – a cause that has helped the Company donate more than 16 million new pairs of shoes to kids in more than 60 countries worldwide. To learn more about BOBS from Skechers’ commitment to making a difference, visit BOBSfromSkechers.com and follow the brand on Facebook, Twitter and Instagram.
About Petco Love
Petco Love is a nonprofit changing lives by harnessing the power of love to make communities and pet families closer, stronger, and healthier. Since our founding in 1999 as the Petco Foundation, we’ve empowered animal welfare organizations by investing $330 million in adoption and other lifesaving efforts. We’ve helped find loving homes for more than 6.5 million pets in partnership with Petco and organizations nationwide. Our love for pets drives us to lead with innovation, creating tools animal lovers need to reunite lost pets and lead with passion, inspiring and mobilizing communities and our more than 4,000 animal welfare partners to drive lifesaving change alongside us. Is love calling you? Visit petcolove.org or follow at Facebook, Instagram, Twitter and LinkedIn to be part of the lifesaving work we’re leading every day.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of 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 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 report on Form 10-Q for the three months ended March 31, 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.
Daylyn Weppner
Rogers & Cowan/PMK
[email protected]
Jennifer Clay
Skechers USA
[email protected]
Cris Alcantara
Skechers Canada
[email protected]
Lisa Lane Cardin
Petco Love
[email protected]
Source: Skechers USA, Inc.
by Zach | Apr 26, 2022 | Press Release
Apr 26, 2022 • 4:05 pm EDT
LOS ANGELES–(BUSINESS WIRE)–
SKECHERS U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the first quarter ended March 31, 2022.
First Quarter Highlights
“First quarter sales of over $1.8 billion are a new quarterly sales record for Skechers, and reflect our broad-based global appeal and our team’s focus on successfully navigating supply chain constraints,” began David Weinberg, Chief Operating Officer of Skechers. “The sales achievement was driven by increases of 33% in our Wholesale and 16% in our Direct-to-Consumer segments. By region, the growth was the result of increases of 31% in the Americas, driven by double-digit growth in the United States; 49% in EMEA, driven by strong growth across Europe; and 4% in APAC, led by 9% growth in China. Several key APAC markets faced increasing COVID-related restrictions as the quarter evolved including China. Despite the on-going pandemic and other macroeconomic headwinds, we are especially encouraged by the phenomenal growth we experienced. We believe this momentum will continue as we strive towards our goal of $10 billion by 2026.”
“As we mark our third decade in business, we couldn’t be more excited about our future. In the first quarter, we achieved a new quarterly sales record, delivered the most innovative, stylish and comfortable product yet, and supported it with impactful marketing,” said Robert Greenberg, Chief Executive Officer of Skechers. “Our position as the third largest footwear brand in the world is the result of exceptional global partnerships and the strong consumer demand for our products. To drive awareness, we began the year with two Skechers commercials airing around the Super Bowl featuring Willie Nelson, including one with his hit song ‘On the Road Again.’ We launched a new workout walking collection with two campaigns starring Brooke Burke and former NFL star Cris Carter, who joined our roster of legends, including Rusty Wallace, Tony Romo and Howie Long. We also launched Skechers campaigns featuring two powerful female brand ambassadors, Amanda Kloots and Martha Stewart. With a talented team determined to ensure our success, we believe our strategy of communicating the uniqueness of Skechers’ comfort technology, style, innovation and quality products globally will continue to deliver record sales in 2022.”
First Quarter 2022 Financial Results
Three Months Ended
March 31,
Change
(in millions, except per share data)
2022
2021
$
%
Sales
$
1,819.6
$
1,434.5
$
385.1
26.8
Gross profit
824.2
685.7
138.5
20.2
Gross margin
45.3
%
47.8
%
(250
)bps
Operating expenses
648.3
528.0
120.3
22.8
As a % of sales
35.6
%
36.8
%
(120
)bps
Earnings from operations
175.9
157.7
18.2
11.6
Operating margin
9.7
%
11.0
%
(130
)bps
Net earnings
$
121.2
$
98.6
$
22.6
23.0
Diluted earnings per share
$
0.77
$
0.63
$
0.14
22.2
First quarter sales increased 26.8% as a result of a 28.7% increase in domestic sales and a 25.5% increase in international sales, primarily driven by strength in wholesale sales. Both segments experienced increases, with Wholesale increasing 32.7% and Direct-to-Consumer increasing 15.7%. On a constant currency basis, sales increased 28.7%.
Wholesale sales growth of $308.2 million, or 32.7%, was led by increases in AMER of 41.6% and EMEA of 42.0%. Wholesale volume increased 22.7% and average selling price increased 8.6%.
Direct-to-Consumer sales growth of $76.9 million, or 15.7%, was led by increases in EMEA of 157.3%, which lapped COVID restrictions in the prior year, AMER of 11.2% and APAC of 8.5%. Direct-to-Consumer average selling price increased 15.1% resulting from reduced promotions and higher prices.
Gross margin was 45.3%, a decrease of 250 basis points, driven by higher per unit freight costs partially offset by average selling price increases.
Operating expenses increased $120.3 million, or 22.8%, but as a percentage of sales, improved 120 basis points to 35.6% from 36.8% in the prior year. Selling expenses increased $16.9 million, or 18.5%, due to higher global demand creation expenditures. General and administrative expenses increased $103.4 million, or 23.7%, due to increased volume-driven labor, and warehouse and distribution expenses.
Earnings from operations increased $18.2 million, or 11.6%, to $175.9 million.
Net earnings were $121.2 million and diluted earnings per share were $0.77, an increase of 22.2% over the prior year.
In the first quarter, the Company’s effective income tax rate was essentially flat year-over-year at 20.0%.
“Skechers once again delivered exceptional results, with record first quarter sales and earnings, despite continuing challenges from the COVID pandemic,” stated John Vandemore, Chief Financial Officer of Skechers. “The strength of our brand, coupled with our continued focus on investing and executing against our global growth strategy, gives us abundant confidence that achieving $10 billion in sales by 2026 remains both an achievable objective and valuable means to drive shareholder value.”
Balance Sheet
Cash, cash equivalents and investments totaled $819.9 million, a decrease of $220.6 million, or 21.2% from December 31, 2021, primarily reflecting increased accounts receivable from wholesale sales, particularly in the Americas.
Inventory was $1.45 billion, a decrease of $21.5 million or 1.5% from December 31, 2021. The slight decrease in inventory reflects lower merchandise in transit levels due to the improvement of some supply chain constraints.
Share Repurchase
During the first quarter, the Company repurchased approximately 652,000 shares of its Class A common stock for $25.0 million. At March 31, 2022, approximately $475.0 million remained available under the Company’s share repurchase program.
Outlook
For the second quarter of 2022, the Company believes it will achieve sales between $1.75 billion and $1.80 billion and diluted earnings per share of between $0.50 and $0.55. Further, the Company believes that for the fiscal year 2022, it will achieve sales between $7.2 billion and $7.4 billion and diluted earnings per share of between $2.75 and $2.95.
Store Count
Number of Stores
December 31, 2021
Opened
Closed(1)
March 31, 2022
Domestic stores
515
13
(12
)
516
International stores
845
18
(29
)
834
Distributor, licensee and franchise stores
2,946
77
(65
)
2,958
Total Skechers stores
4,306
108
(106
)
4,308
Does not reflect temporary closures due to the COVID-19 pandemic.
First Quarter 2022 Conference Call
The Company will host a conference call today at 4:30 p.m. ET / 1:30 p.m. PT to discuss its first quarter 2022 financial results. The call can be accessed on the Investor Relations section of the Company’s website at investors.skechers.com. For those unable to participate during the live broadcast, a replay will be available beginning April 26, 2022 at 7:30 p.m. ET, through May 10, 2022, at 11:59 p.m. ET. To access the replay, dial 844-512-2921 (U.S.) or 412-317-6671 (International) and use passcode: 13728410.
About SKECHERS U.S.A., Inc.
Skechers U.S.A., 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 4,308 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.
Reference in this press release to “Sales” refers to Skechers’ net sales reported under GAAP. 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 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. 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 U.S.A., INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
As of March 31,
As of December 31,
(in thousands)
2022
2021
ASSETS
Current assets
Cash and cash equivalents
$
589,908
$
796,283
Short-term investments
104,933
98,580
Trade accounts receivable, net
1,010,599
732,793
Other receivables
71,924
80,043
Inventory
1,449,513
1,470,994
Prepaid expenses and other
198,727
193,547
Total current assets
3,425,604
3,372,240
Property, plant and equipment, net
1,184,483
1,128,909
Operating lease right-of-use assets
1,191,885
1,224,580
Deferred tax assets
446,007
451,355
Long-term investments
125,051
145,590
Goodwill
93,497
93,497
Other assets, net
78,583
75,109
Total non-current assets
3,119,506
3,119,040
TOTAL ASSETS
$
6,545,110
$
6,491,280
LIABILITIES AND EQUITY
Current liabilities
Accounts payable
$
812,216
$
876,342
Accrued expenses
258,713
265,420
Operating lease liabilities
225,885
225,658
Current installments of long-term borrowings
58,711
76,967
Short-term borrowings
50,245
1,195
Total current liabilities
1,405,770
1,445,582
Long-term operating lease liabilities
1,064,231
1,094,748
Long-term borrowings
265,305
263,445
Deferred tax liabilities
11,300
11,820
Other long-term liabilities
132,588
133,613
Total non-current liabilities
1,473,424
1,503,626
Total liabilities
2,879,194
2,949,208
Stockholders’ equity
Preferred Stock
—
—
Class A Common Stock
135
135
Class B Common Stock
21
21
Additional paid-in capital
415,357
429,608
Accumulated other comprehensive loss
(46,822
)
(48,323
)
Retained earnings
2,999,126
2,877,903
Skechers U.S.A., Inc. equity
3,367,817
3,259,344
Noncontrolling interests
298,099
282,728
Total stockholders’ equity
3,665,916
3,542,072
TOTAL LIABILITIES AND EQUITY
$
6,545,110
$
6,491,280
SKECHERS U.S.A., INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
Three Months Ended
March 31,
(in thousands, except per share data)
2022
2021
Sales
$
1,819,594
$
1,434,455
Cost of sales
995,431
748,796
Gross profit
824,163
685,659
Operating expenses
Selling
108,209
91,325
General and administrative
540,050
436,666
Total operating expenses
648,259
527,991
Earnings from operations
175,904
157,668
Other expense
(5,746
)
(14,174
)
Earnings before income taxes
170,158
143,494
Income tax expense
33,992
28,985
Net earnings
136,166
114,509
Less: Net earnings attributable to noncontrolling interests
14,943
15,936
Net earnings attributable to Skechers U.S.A., Inc.
$
121,223
$
98,573
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic
$
0.78
$
0.64
Diluted
$
0.77
$
0.63
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.
Basic
155,996
154,818
Diluted
157,448
155,936
SKECHERS U.S.A., INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION
(Unaudited)
As previously announced, during the first quarter of 2022 Skechers refined the way it views its business operations and decision-making and now presents its reportable segment results as Wholesale and Direct-to-Consumer. Prior period results have been recast to reflect current reportable segments. There is no impact to the consolidated financial results of the Company as a result of this change.
Segment Information
Three Months Ended March 31,
Change
(in millions)
2022
2021
$
%
Wholesale sales
$
1,251.3
$
943.1
$
308.2
32.7
Gross profit
455.0
369.6
85.4
23.1
Gross margin
36.4
%
39.2
%
(280
)bps
Direct-to-Consumer sales
$
568.3
$
491.4
$
76.9
15.7
Gross profit
369.2
316.1
53.1
16.8
Gross margin
65.0
%
64.3
%
60
bps
Total sales
$
1,819.6
$
1,434.5
$
385.1
26.8
Gross profit
824.2
685.7
138.5
20.2
Gross margin
45.3
%
47.8
%
(250
)bps
Additional Sales Information
Three Months Ended March 31,
Change
(in millions)
2022
2021
$
%
Geographic sales
Domestic
Wholesale
$
538.6
$
377.2
$
161.4
42.8
Direct-to-Consumer
239.4
227.5
11.9
5.3
Total domestic sales
778.0
604.7
173.3
28.7
International
Wholesale
712.8
565.9
146.9
26.0
Direct-to-Consumer
328.8
263.9
64.9
24.6
Total international sales
1,041.6
829.8
211.8
25.5
Total sales
$
1,819.6
$
1,434.5
$
385.1
26.8
Regional sales
Americas (AMER)
$
946.9
$
725.6
$
221.3
30.5
Europe, Middle East & Africa (EMEA)
441.2
295.5
145.7
49.3
Asia Pacific (APAC)
431.5
413.4
18.1
4.4
Total sales
$
1,819.6
$
1,434.5
$
385.1
26.8
China sales
$
273.0
$
250.6
$
22.4
9.0
Distributor sales
$
97.0
$
80.2
$
16.8
21.0
SKECHERS U.S.A., INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP EARNINGS FINANCIAL MEASURES TO CORRESPONDING
NON-GAAP FINANCIAL MEASURES (Unaudited)
Constant Currency Adjustment (Non-GAAP Financial Measure)
We evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of period-over-period fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our results of operations, thereby facilitating period-to-period comparisons of our business performance and is consistent with how management evaluates the Company’s performance. We calculate constant currency percentages by converting our current period local currency financial results using the prior-period exchange rates and comparing these adjusted amounts to our prior period reported results.
Three Months Ended March 31,
2022
2021
Change
(in millions,
except per share data)
Reported GAAP Measure
Constant Currency
Adjustment
Adjusted for Non-GAAP Measures
Reported GAAP Measure
$
%
Sales
$
1,819.6
$
27.1
$
1,846.7
$
1,434.5
412.2
28.7
Cost of sales
995.4
18.7
1,014.1
748.8
265.3
35.4
Gross profit
824.2
8.4
832.6
685.7
146.9
21.4
Operating expenses
648.3
6.6
654.9
528.0
126.9
24.0
Earnings from operations
175.9
1.8
177.7
157.7
20.0
12.7
Other income (expense)
(5.8
)
2.4
(3.4
)
(14.2
)
10.8
76.1
Income tax expense
34.0
–
34.0
29.0
5.0
17.1
Less: Noncontrolling interests
14.9
(0.3
)
14.6
15.9
(1.3
)
(8.3
)
Net earnings
$
121.2
$
4.5
$
125.7
$
98.6
27.1
27.6
Diluted earnings per share
$
0.77
$
0.03
$
0.80
$
0.63
0.17
27.0
Investor Relations:
Andrew Greenebaum
Addo Investor Relations
[email protected]
Press:
Jennifer Clay
Vice President, Corporate Communications
Skechers U.S.A., Inc.
[email protected]
Source: SKECHERS U.S.A., Inc.
