Skechers Partners with Hoop ’Til It Hurts Foundation on Kids’ Basketball Footwear Collection

by Zach | Dec 9, 2021 | Press Release

Dec 9, 2021 • 9:00 am EST

The Skechers x Hoop ’Til It Hurts! Charitable Line Helps Children in Underserved Communities Across the United States Compete in Basketball

LOS ANGELES–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company™, is teaming up with Chicago-based Hoop ’Til It Hurts Foundation to celebrate kids on and off the court with a new line of basketball shoes and after play slides. Through the Skechers x Hoop ’Til It Hurts! collection, the Company supports the Foundation’s mission to help children in underserved communities across the country find lifelong success through the sport of basketball.

The new Skechers x Hoop ’Til It Hurts! kids’ collection supports the Hoop ’Til It Hurts Foundation’s mission to help children in underserved communities across the United States find lifelong success through basketball. (Photo: Business Wire)

The new Skechers x Hoop ’Til It Hurts! kids’ collection supports the Hoop ’Til It Hurts Foundation’s mission to help children in underserved communities across the United States find lifelong success through basketball. (Photo: Business Wire)

“It means so much to me to have the opportunity to collaborate with one of the most reputable and successful shoe companies in the world,” said Hoop ’Til It Hurts! Founder Michael “Skeet” Horton, who used his own life as inspiration for the organization and helped create the new shoe collection’s signature graffiti designs. “The partnership with Skechers will provide exposure for the Hoop ’Til It Hurts Foundation, as well as garner additional funding to support our mission to keep children of all ages engaged in youth sports. The longer kids are engaged in sports, the more likely they are to develop focused life skills and make connections that lead to a brighter future.”

“As a family brand, children are at the heart of our company—and Hoop ’Til It Hurts Foundation’s mission resonated with us,” added Michael Greenberg, president of Skechers. “By combining our philanthropic commitment and resources with their artistic designs, we’ve created a one-of-a-kind footwear line that honors the Foundation’s mission.”

Available at skechers.com in the United States and Canada as well as Skechers retail stores and select retail partners in the United States, the Skechers x Hoop ’Til It Hurts! line offers athletic styles for practice and game day, and off-court slides to slip on between games. Kids can gear up for the big game in the Powershot – Skech-Hops, featuring a mid-top leather lace-up front with an adjustable strap in black and red or white and blue graffiti designs. Players can get a boost of comfort and style in the Durox – Skech-Speed, which includes a lace-up leather and mesh upper and an eye-catching tech design in blue and black styles. Ballers can put their best foot forward off the court with the Gambix X – Skech-Revs slide sandal, decked out with graffiti and an adjustable band strap in red and blue styles.

About SKECHERS USA, Inc.

Skechers (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 the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 4,170 Company- and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.

About Hoop ’Til It Hurts Foundation

Hoop ’Til It Hurts Foundation was built upon the belief that every child deserves the opportunity to benefit from competing in basketball. Our mission is to celebrate and to invest in kids in our hometown of Chicago and throughout the United States by providing athletic apparel and grants to pay for costs associated with tournaments, registration, league fees and travel expenses. For more information, please visit www.hooptilithurtsfoundation.org and follow us on Facebook, Instagram and Twitter.

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of 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 be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include 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; 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, 2020 and its quarterly report on Form 10-Q for the three months ended September 30, 2021. More specifically, the COVID-19 pandemic has had and is currently having a significant impact on Skechers’ business, financial conditions, cash flow and results of operations. Forward-looking statements with respect to the COVID-19 pandemic include, without limitation, Skechers’ plans in response to this pandemic. At this time, there is significant uncertainty about the COVID-19 pandemic, including without limitation, (i) the duration and extent of the impact of the pandemic, (ii) governmental responses to the pandemic, including how such responses could impact Skechers’ business and operations, as well as the operations of its factories and other business partners, (iii) the effectiveness of Skechers’ actions taken in response to these risks, and (iv) Skechers’ ability to effectively and timely adjust its plans in response to the rapidly changing retail and economic environment. 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.

Caitlin Faford

Rogers & Cowan/PMK

[email protected]

Jennifer Clay

Skechers USA

[email protected]

Source: SKECHERS USA, Inc.

Skechers Announces Global Partnership With the Nature Conservancy and Launches Our Planet Matters Recycled Collection

by Zach | Nov 30, 2021 | Press Release

Nov 30, 2021 • 9:00 am EST

LOS ANGELES–(BUSINESS WIRE)–
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™, announced that the brand is partnering with global environmental nonprofit The Nature Conservancy through a multi-year commitment, contributing a minimum of $800,000 to help the organization achieve its mission to protect our world’s lands and waters. In addition, Skechers has created Our Planet Matters, a new collection of sustainable men’s, women’s, and children’s product which utilizes recycled materials in its designs to help reduce the Company’s environmental impact.

Skechers is partnering for a purpose: teaming up with The Nature Conservancy to protect the world’s lands and waters as it launches its Our Planet Matters sustainable collection. (Photo: Business Wire)

Skechers is partnering for a purpose: teaming up with The Nature Conservancy to protect the world’s lands and waters as it launches its Our Planet Matters sustainable collection. (Photo: Business Wire)

The Our Planet Matters offering contains materials such as recycled cotton, polyester, rubber, EVA and TPU, as well as durable designs and washable technologies to extend the life of the product. The recycled contents of each style will be featured on packaging and hangtags to provide consumers with detailed knowledge of Our Planet Matters products at the time of purchase.

“As a global lifestyle brand, we have a wonderful opportunity to encourage consumers of every age to become more environmentally conscious in their daily lives. And Our Planet Matters is a natural step in that direction,” said Michael Greenberg, president of Skechers. “These styles enable people of all ages to wear many of our popular designs in recycled materials—an easy, practical way to start helping our planet. From Our Planet Matters to partnering for a purpose alongside The Nature Conservancy, we look forward to improving our sustainability as we find new ways to innovate our business operations and our next generation of product.”

“We are facing a climate and biodiversity crisis and the window to act is closing quickly. Each one of us has the power to make real change happen, one small step at a time. Together with partners like Skechers, we can inspire millions of people around the world to take action for the planet, because our lives depend on it,” said Jennifer Hoyer, global director of Cause Marketing & Brand Partnerships for The Nature Conservancy. “We are grateful to work alongside a partner like Skechers, with a history of helping families impacted by hurricanes, fires and other natural disasters—many of which continue to increase due to our changing climate. Our Planet Matters shoes provide environmentally conscious supporters with an option to help protect our planet.”

Skechers’ partnership with The Nature Conservancy will help fund the organization’s mission, which encompasses global efforts such as reforestation initiatives that align with the Company’s longstanding commitment to reducing tree harvesting and emissions through packaging. A 2020 Sourcing Journal Sustaining Voices honoree, Skechers utilizes recyclable cartons at its factories and distribution centers and environmentally friendly packaging materials for its products, from the exclusive use of soy- and water-based ink and recyclable foot forms and tissue paper, to a ninety-nine percent reduction in plastic since 2016. Ninety-nine percent of Skechers’ shoeboxes meet the FSC® standard for responsible sources, and the Company regularly ensures that its materials are FSC®-certified, recycled or ethically harvested.

With an eye on reducing its carbon footprint, Skechers has made its environmental advancements a top priority at its corporate facilities—building LEED-Certified Gold distribution centers in North America and Europe, along with its expanding headquarters in Manhattan Beach. At its two key Corporate Headquarters in Manhattan Beach, the Company uses 30 and 48 percent of its energy from the sun—with up to 34 percent of solar energy use anticipated on Skechers’ upcoming buildings. The Company also plans to expand its Corporate Headquarters as LEED-Certified Gold facilities.

For more information on Skechers’ environmental initiatives, please visit about.skechers.com/sustainability.

About SKECHERS USA, Inc.

Skechers, 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 the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 4,170 Company- and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.

About The Nature Conservancy

The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world’s toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 75 countries and territories: 37 by direct conservation impact and 38 through partners, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org and follow us on Facebook, Instagram, and Twitter.

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of 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 be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include 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; 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, 2020 and its quarterly report on Form 10-Q for the three months ended September 30, 2021. More specifically, the COVID-19 pandemic has had and is currently having a significant impact on Skechers’ business, financial conditions, cash flow and results of operations. Forward-looking statements with respect to the COVID-19 pandemic include, without limitation, Skechers’ plans in response to this pandemic. At this time, there is significant uncertainty about the COVID-19 pandemic, including without limitation, (i) the duration and extent of the impact of the pandemic, (ii) governmental responses to the pandemic, including how such responses could impact Skechers’ business and operations, as well as the operations of its factories and other business partners, (iii) the effectiveness of Skechers’ actions taken in response to these risks, and (iv) Skechers’ ability to effectively and timely adjust its plans in response to the rapidly changing retail and economic environment. 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

[email protected]

(310) 937-1326

Ann Kaiser

The Nature Conservancy

[email protected]

(203) 243-0345

Source: Skechers USA, Inc.

NASCAR Legend Rusty Wallace to Drive for Skechers

by Zach | Nov 23, 2021 | Press Release

Nov 23, 2021 • 9:00 am EST

Racing Hall of Famer Hits the Fast Lane in Skechers Men’s Footwear Campaign

LOS ANGELES–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company™, has recruited NASCAR Hall of Fame race car driver and broadcast analyst Rusty Wallace to help drop the green flag for its men’s footwear featuring Goodyear® Performance Outsoles. Rusty Wallace will star in a multi-platform men’s marketing campaign for the global lifestyle and performance brand launching later this year.

Hall of Famer Rusty Wallace to drive Skechers campaign for the brand’s men’s footwear featuring Goodyear® Performance Outsoles. (Photo: Business Wire)

Hall of Famer Rusty Wallace to drive Skechers campaign for the brand’s men’s footwear featuring Goodyear® Performance Outsoles. (Photo: Business Wire)

“When I was behind the wheel for thirty years, comfort in the car wasn’t always my first concern. Now it’s something I can’t live without and Skechers has footwear that delivers,” said Rusty Wallace. “And after racing cars with Goodyear tires most of my life, I appreciate having that same traction performance on my Skechers. We’re working on a fun campaign to show the fans why I love these shoes so much, and I can’t wait for everyone to see it.”

“Skechers has turned to sports icons to drive awareness for our men’s products for many years, and Rusty Wallace, with his energetic personality and Hall of Fame career, will be a perfect addition to our roster,” added Michael Greenberg, president of Skechers. “Stock car racing has a massive fanbase in the United States and Rusty continues to be an ambassador of the sport. We expect this commercial will reach an important demographic and help generate buzz for our styles featuring Goodyear Performance Outsoles and convey the story that all of our footwear is packed with innovative comfort technologies perfect for men everywhere.”

Skechers has been leading the industry on comfort through the development of innovative technologies and materials for many years. Consumers can only find these signature features in Skechers products. This includes patented Skechers Arch Fit Technology™ along with Skechers Max Cushioning Technology™, Skechers Hyper Burst Technology™, Skechers Air-Cooled Memory Foam®, Skechers Relaxed Fit Technology™ and Skechers Stretch Fit Technology™, among many others.

Racing legend Russell William “Rusty” Wallace Jr. will go down in history as one of NASCAR’s finest drivers. He was the 1984 Rookie of the Year, 1989 NASCAR Cup Series Champion, and won 55 Cup Series races—11^th best all-time. Beyond NASCAR, he triumphed over many of the world’s greatest drivers to win the International Race of Champions series title in 1991. Over the years, Wallace has been inducted to the NASCAR Hall of Fame, the International Motorsports Hall of Fame, and the Motorsports Hall of Fame of America. After retirement, he was the lead racing analyst for ABC and ESPN through 2014 and is currently heard as the lead analyst for MRN radio. Wallace’s philanthropic pursuits include serving on the board of the NASCAR Foundation in support of the charity’s mission of helping children live, learn and play.

Wallace joins a roster of athletes and sports icons that represent Skechers’ lifestyle collections for men. The list currently includes ace Dodgers pitcher Clayton Kershaw, former quarterback and broadcaster Tony Romo, former defensive end and broadcaster Howie Long, former wide receiver Cris Carter, as well as boxer Sugar Ray Leonard. The brand also features former soccer players Jamie Redknapp and Michael Ballack in Europe. Through the years, Skechers has utilized sports greats when advertising its men’s collection with an alumni list featuring names like Kareem Abdul-Jabbar, Rick Fox, Wayne Gretzky, Ronnie Lott, Karl Malone, Joe Montana, Joe Namath, David Ortiz, Mariano Rivera, Pete Rose, Ozzie Smith, and the late Tommy Lasorda.

Skechers offers a wide range of options featuring Goodyear Performance Outsoles for enhanced traction, stability and durability. The collection includes styles for running, walking and hiking, rugged sandals, everyday sneakers, work safety footwear, boots and more for both men and women. Skechers men’s footwear and apparel collections are available in Skechers retail stores as well as at skechers.com, plus department stores and footwear retailers around the globe.

About SKECHERS USA, Inc.

Skechers (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 the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 4,170 Company and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. 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 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 be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include 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; 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, 2020 and its quarterly report on Form 10-Q for the three months ended September 30, 2021. More specifically, the COVID-19 pandemic has had and is currently having a significant impact on Skechers’ business, financial conditions, cash flow and results of operations. Forward-looking statements with respect to the COVID-19 pandemic include, without limitation, Skechers’ plans in response to this pandemic. At this time, there is significant uncertainty about the COVID-19 pandemic, including without limitation, (i) the duration and extent of the impact of the pandemic, (ii) governmental responses to the pandemic, including how such responses could impact Skechers’ business and operations, as well as the operations of its factories and other business partners, (iii) the effectiveness of Skechers’ actions taken in response to these risks, and (iv) Skechers’ ability to effectively and timely adjust its plans in response to the rapidly changing retail and economic environment. 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

[email protected]

Source: SKECHERS USA, Inc.

NFL Hall-of-Famer Cris Carter Goes the Distance for Skechers

by Zach | Nov 11, 2021 | Press Release

Nov 11, 2021 • 9:00 am EST

Legendary Wide Receiver to Star in Campaigns for Skechers Footwear and Apparel Collections

LOS ANGELES–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company™, signs one of the top pass receivers of all time as retired Minnesota Vikings star Cris Carter joins the brand’s legendary athlete roster. Carter, a member of the Pro Football Hall of Fame and a sports analyst off the field, will star in a national multi-platform Skechers Max Cushioning® footwear and Skechers apparel marketing campaign for the global lifestyle and performance company launching later this year.

Hall of Fame wide receiver Cris Carter to appear in Skechers Max Cushioning footwear and Skechers apparel campaigns for The Comfort Technology Company. (Photo: Business Wire)

Hall of Fame wide receiver Cris Carter to appear in Skechers Max Cushioning footwear and Skechers apparel campaigns for The Comfort Technology Company. (Photo: Business Wire)

“I was on some amazing teams throughout my career, and it feels like Skechers is building their own All-Century Team with their star roster,” said Cris Carter. “It was immediately clear that I had to sign on. Plus, I’m almost twenty years out of the game, so I can use that Skechers signature comfort now more than ever!”

“Cris Carter defined his career in the game with exciting plays that had fans cheering, and we look forward to Cris bringing that energy to Skechers,” added Michael Greenberg, president of Skechers. “Our brand has had a reputation for comfortable footwear going back decades, but just as we’ve been building our roster of legendary athletic talent, we continue to enhance our comfort game as well. We’re truly The Comfort Technology Company and Cris will be a perfect addition to help share this message about the innovation in our men’s collections to football fans everywhere.”

Skechers has been leading the industry on comfort through the development of innovative technologies and materials for many years. Consumers can only find these signature features in Skechers products. This includes patented Skechers Arch Fit Technology™ along with Skechers Max Cushioning Technology™, Skechers Hyper Burst Technology™, Skechers Air-Cooled Memory Foam®, Skechers Relaxed Fit Technology™ and Skechers Stretch Fit Technology™, among many others.

Cris Carter, one of the most successful pass catchers in football, started at Ohio State and set school records for receptions (168), yards (2,725) and touchdowns (27). He was later selected for the Ohio State Football All-Century Team and named to the Varsity O Hall of Fame. He was drafted to the NFL in 1987, starting a career that spanned 15 seasons including 12 with the Minnesota Vikings where he settled in as the team’s top receiver. Carter appeared in eight Pro Bowls and was the second player in NFL history to catch 1,000 passes. He retired in 2002 with 1,101 receptions, 13,899 receiving yards, 12.6 yards per reception and 130 touchdowns. He was named Walter Payton NFL Man of the Year in 1999 in recognition of his volunteer and charity work as well as excellence on the field, and was inducted into the Pro Football Hall of Fame in 2013. Post-retirement, Carter shifted to radio and broadcasting as an NFL analyst working with HBO’s Inside The NFL, ESPN, FOX Sports, Sirius Satellite Radio and Yahoo Sports.

Carter is now part of a team of Skechers athletes and sports icons, which currently includes ace Dodgers pitcher Clayton Kershaw, former quarterback and broadcaster Tony Romo, former defensive end and broadcaster Howie Long, as well as boxer Sugar Ray Leonard. Through the years, Skechers has utilized sports icons when advertising its men’s collection with an alumni list featuring names like Joe Montana, Pete Rose, Mariano Rivera, David Ortiz, Ozzie Smith, Joe Namath, Ronnie Lott, Karl Malone, Kareem Abdul-Jabbar, Rick Fox, Wayne Gretzky, and the late Tommy Lasorda.

The range of Skechers men’s footwear and apparel collections is available in Skechers retail stores as well as skechers.com, plus department stores and footwear retailers around the globe.

About SKECHERS USA, Inc.

Skechers (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 the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 4,170 Company- and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. 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 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 be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include 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; 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, 2020 and its quarterly report on Form 10-Q for the three months ended September 30, 2021. More specifically, the COVID-19 pandemic has had and is currently having a significant impact on Skechers’ business, financial conditions, cash flow and results of operations. Forward-looking statements with respect to the COVID-19 pandemic include, without limitation, Skechers’ plans in response to this pandemic. At this time, there is significant uncertainty about the COVID-19 pandemic, including without limitation, (i) the duration and extent of the impact of the pandemic, (ii) governmental responses to the pandemic, including how such responses could impact Skechers’ business and operations, as well as the operations of its factories and other business partners, (iii) the effectiveness of Skechers’ actions taken in response to these risks, and (iv) Skechers’ ability to effectively and timely adjust its plans in response to the rapidly changing retail and economic environment. 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

[email protected]

Source: SKECHERS USA, Inc.