Skechers Footwear Donations Surpass 16 Million Pairs Through Its BOBS From Skechers Philanthropic Program

by Zach | Oct 6, 2020 | Press Release

Oct 6, 2020 • 9:00 am EDT

Latest Donations Include Footwear for Those Impacted by the California and Oregon Wildfires, Hurricane Laura in Louisiana, and the Beirut Port Explosion

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– With 105,000 pairs of BOBS from Skechers donation clogs en route to Lebanon, Romania and Nicaragua, Skechers has now given more than 16,000,000 new pairs of shoes to children in need globally. Recent donations include footwear and other items to victims of the wildfires in the West, hurricanes in the South, and the port explosion in Beirut, Lebanon, as well as planned distributions to economically impacted communities in Greater Toronto, Chicago and New York City.

Skechers has donated more than 16 million new pairs of shoes to children in need globally, including pairs to the United Way – helping homeless families in Santa Cruz’s CZU August Lightning Complex fires in California and Almeda fires in Oregon. Photo Credit: United Way of Santa Cruz County

Skechers has donated more than 16 million new pairs of shoes to children in need globally, including pairs to the United Way – helping homeless families in Santa Cruz’s CZU August Lightning Complex fires in California and Almeda fires in Oregon. Photo Credit: United Way of Santa Cruz County

“At more than 16 million pairs donated, the BOBS from Skechers movement has provided needed footwear to children around the world for nearly a decade,” said Michael Greenberg, president of Skechers. “This year, entire towns have been decimated in West Coast fires and Hurricane Laura in Louisiana, and families have lost their homes and possessions in the midst of a pandemic. Together with devastated cities like Beirut, it’s critical that we help individuals struggling during these challenging times.”

In partnership with Soles4Souls, Skechers has created multiple outlets for giving—sending the United Way more than 11,000 items such as new shoes, backpacks and socks for homeless families in Santa Cruz’s CZU August Lightning Complex fires in California and Almeda fires in Oregon, and providing more than a thousand pairs of shoes to those severely impacted in St. Charles, Louisiana for distribution through Good 360.

Skechers is also distributing donation shoes to Beirut’s children through nonprofit organization Ahla Fawda with Soles4Souls and Cisco, sending more than 52,000 new pairs to the city for arrival the last week of October. This year alone, the Company has partnered with numerous agencies to support affected communities in Europe, Canada, and Central America.

“Skechers has been a dedicated global partner for many years—and they’re committed to overcoming obstacles like Beirut’s destroyed port to supply goods to children in hard-to-reach areas,” said Buddy Teaster, CEO and president of Soles4Souls. “Their shoes offer a practical way to protect these children’s feet during their day-to-day lives and instill hope in them in a very difficult year.”

Through its BOBS from Skechers program and corporate efforts, the Company has given shoes, goods and monetary relief to victims in numerous natural disasters, including the 2018 California fires and Hurricanes Katrina, Harvey, Irma and Maria. The BOBS from Skechers program donates new shoes to children in need in the United States and more than 60 countries worldwide through education foundations, homeless shelters, disaster relief, and 501(c)(3) organizations.

About Skechers USA, Inc.

Based in Manhattan Beach, California, Skechers (NYSE: SKX) 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 3,615 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 Soles4Souls

Soles4Souls turns unwanted shoes and clothing into opportunity by keeping them from going to waste and putting them to good use: providing relief, creating jobs and empowering people to break the cycle of poverty. Headquartered in Nashville, Tennessee, the organization repurposes product to supply its micro-enterprise, disaster relief, and direct assistance programs. With locations and warehouses across three continents, Soles4Souls has been able to distribute more than 51 million pairs of shoes and pieces of clothing in 129 countries since 2006. Visit soles4souls.org for more information.

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; 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, 2019 and its quarterly report on Form 10-Q for the three months ended June 30, 2020. 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 USA
[email protected]
(310) 937-1326

Source: Skechers USA, Inc.

Skechers Elite Runner Edward Cheserek Wins 10K and Sets New PB During Sunset Tour in Los Angeles

by Zach | Aug 31, 2020 | Press Release

Aug 31, 2020 • 9:00 am EDT

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–
Skechers celebrates 17-time NCAA national champion Edward Cheserek winning the 10K race during the Sunset Tour on Saturday in Los Angeles—his first pro career attempt on the track at this distance. Cheserek, who ran in custom-made prototype Skechers GO RUN track spikes, crossed the finish line first in 27:42, which was 48 seconds faster than his previous best time at this distance set at the 2014 NCAA Championship. This follows his recent victory at the 5K distance with a meet-record time of 13:21 on August 22.

Skechers elite runner Edward Cheserek sets new PB winning the 10K at the Sunset Tour in Los Angeles. Photo credit: Evan Barnes.

Skechers elite runner Edward Cheserek sets new PB winning the 10K at the Sunset Tour in Los Angeles. Photo credit: Evan Barnes.

“It feels great to be racing again after the extended time off during the pandemic, so to find my groove with the 5K win last week and then win my first career pro 10K attempt on the track is even better,” said Edward Cheserek. “I’m thankful for the partnership with Skechers. I asked them for an even lighter race day shoe and they delivered—leading to a new personal best today at this distance six years after the collegiate championships in 2014.”

“Edward continues to be a dominating force in running, and we’re lucky to have him on our team racing in Skechers GO RUN footwear,” said Michael Greenberg, president of Skechers. “The combination of his power, strength and dedication plus our footwear has given Edward the competitive edge he needs to succeed. We’re proud to be part of his journey as the sport gets back in gear building up to Tokyo next summer.”

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—including 10 editorial awards in 2019 alone.

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.

Based in Manhattan Beach, California, Skechers (NYSE: SKX) 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 3,615 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; 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, 2019 and its quarterly report on Form 10-Q for the three months ended June 30, 2020. 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.

Skechers to Donate to Canadian Shelter Pets in Lifesaving Campaign

by Zach | Aug 26, 2020 | Press Release

Aug 26, 2020 • 10:00 am EDT

BOBS from Skechers Charity-Raising Movement Launched in Canada Will Help Animals Nationwide

TORONTO–(BUSINESS WIRE)–
Canada’s shelter dogs and cats have great news to yap about: global lifestyle brand Skechers has expanded its popular animal-saving movement, now caring for the nation’s pets in need with its popular charity collection, BOBS from Skechers. Through BOBS sales, the Company that has helped save and support more than a million animals to date in the United States, now plans to protect animal shelters across Canada in the coming years, starting with a $35,000 donation planned for Greater Toronto Area shelters in honor of National Dog Day.

Skechers helps save the lives of shelter dogs and cats in Canada through its popular BOBS from Skechers collection. Featured dog available for adoption is Michelle from Dog Tales in King City, Ontario. (Photo: Business Wire)

Skechers helps save the lives of shelter dogs and cats in Canada through its popular BOBS from Skechers collection. Featured dog available for adoption is Michelle from Dog Tales in King City, Ontario. (Photo: Business Wire)

Established in the United States in 2015, the BOBS from Skechers charitable program launched its Canada lifesaving campaign in January 2020 to protect its shelter dogs and cats. For every BOBS from Skechers product purchased in the country, Skechers makes a donation to the Petco Foundation to help save and support animals in its shelters.

“Introducing BOBS from Skechers’ charitable component to Canadians is a wonderful chance for us to help dogs and cats in our region. Through our partnership with the Petco Foundation, the first grant of $25,000 will be made to Dog Tales Rescue & Sanctuary in King City, Ontario—a refuge for dogs, cats and farm animals—and we look forward to supporting more shelters nationwide,” said David Beecroft, country manager of Skechers Canada. “BOBS is a year-round lifestyle footwear offering that will allow for ongoing donations, season after season—a huge potential benefit for organizations that continually receive new animals in need of loving homes.”

“Since its launch in 2015, BOBS has grown from a small collection to a well-recognized brand,” added Skechers president Michael Greenberg. “From shirts to shoes and beyond, dog and cat lovers can wear and share their love—and with our new BOBS men’s offering, we have another opportunity to help even more shelter pets. In the United States, BOBS has donated more than $5.6 million to support animal welfare, and we believe that this campaign will resonate with Canadians who are passionate about saving dogs and cats in their communities.”

The BOBS from Skechers collection of alpargatas, sport styles, sandals, boots, slippers, apparel and accessories is available at Skechers retail stores, Skechers.com and select department and specialty stores throughout Canada. The country’s sales of BOBS from Skechers product will help find homes for dogs and cats with the support of local animal welfare agencies.

Through sales of its BOBS from Skechers collection in the United States alone, the Company’s contributions have helped save more than 709,000 dogs, cats and other animals with pet adoptions, and supported an additional 376,000 animals at animal nurseries, sanctuaries and medical care facilities. Since 2011, Skechers has also donated more than 15.8 million pairs of new shoes to children in need in Canada and more than 60 countries around the world through its BOBS program; more than 26,000 new pairs of shoes will be distributed to Canadian children this year.

* Skechers USA Canada Inc., 5055 Satellite Drive, Unit Number 6, Mississauga, ON L4W 5K7 Canada, 877-644-4414. Petco Foundation, 654 Richland Hills Drive, San Antonio, TX 78245, 858-453-7845. During the promotion, twenty-five cents CAD will be donated to the Petco Foundation per item of specially marked BOBS from Skechers footwear, apparel and accessories sold in Canada, to help save the lives of dogs, cats and other pets in Canada’s shelters. The promotion runs January 1, 2020 through December 31, 2021.

About Skechers USA Canada, Inc. and Skechers USA, Inc.

Skechers USA Canada, Inc. is a subsidiary of Skechers USA, Inc. (NYSE:SKX), which is based in Manhattan Beach, 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 the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 3,615 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, and Twitter.

About the Petco Foundation

At the Petco Foundation, we believe that every animal deserves to live its best life. Since 1999, we’ve invested more than $280 million in lifesaving animal welfare work to make that happen. With our more than 4,000 animal welfare partners, we inspire and empower communities to make a difference by investing in adoption and medical care programs, spay and neuter services, pet cancer treatment, service and therapy animals and numerous other lifesaving initiatives. We partner with Petco stores and animal welfare organizations across the United States to increase pet adoptions, helping more than 6.5 million pets find their new loving families. Made possible by its partnership with Skechers, the Petco Foundation will expand its lifesaving work with support to organizations in Canada working to save cats and dogs. Visit petcofoundation.org to learn more about how you can get involved.

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; 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, 2019 and its quarterly report on Form 10-Q for the three months ended June 30, 2020. 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.

Razan Monzer

Skechers USA Canada, Inc.

[email protected]

Source: Skechers USA Canada, Inc.

Skechers Donates a Million Masks in Partnership With United Way of Greater Los Angeles and Charities

by Zach | Aug 20, 2020 | Press Release

Aug 20, 2020 • 9:00 am EDT

Masks Will Go to Communities in Need in the United States After Fans Dance to Hit Song “Skechers” by DripReport on TikTok—A Track Shared More Than a Billion Times to Date

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–
Skechers got the world dancing for a cause after dropping a TikTok dance challenge set to the track “Skechers” by DripReport that concluded with the lifestyle company donating one million masks to essential workers and communities in need. Skechers is partnering with the United Way of Greater Los Angeles and more charities across the country to deliver the masks directly to those who will most benefit.

Skechers face masks were distributed through United Way of Greater Los Angeles to Supplies Save Lives in July. Masks provided to first responders and homeless in Los Angeles were among the million in total donated by Skechers to communities in need across the United States. (Photo: Business Wire)

Skechers face masks were distributed through United Way of Greater Los Angeles to Supplies Save Lives in July. Masks provided to first responders and homeless in Los Angeles were among the million in total donated by Skechers to communities in need across the United States. (Photo: Business Wire)

The one million masks, which are non-medical, triple-layer surgical style, will be donated to non-profit organizations that typically do not receive PPE from government institutions, with a focus on economic hardship. This includes community and public education centers, health and rehab outreach facilities, plus homeless shelters and food banks in the greater Los Angeles area as well as planned distributions in Chicago, New York City, Detroit and several cities in Florida and New Jersey.

“We’ve been watching TikTok become a driving force that’s keeping so many people connected during this difficult time,” said Robert Greenberg, CEO of Skechers. “After the viral success of DripReport’s ‘Skechers’ on the platform, I knew we had to transform the momentum into a give-back effort—one that ended up involving fans also giving back just by sharing a dance. It’s a beautiful thing, and we’re excited to be working with the United Way and all of our partners on donating a million masks, as we all make a difference together.”

“Throughout the pandemic, two things have flourished: creativity and care,” said Elise Bulk, president and CEO of United Way of Greater Los Angeles. “It’s heartwarming to see fans from around the world express themselves to raise awareness in concert with the charitable efforts of a local business with a global reach like Skechers. As case numbers increase across the Los Angeles area, United Way is proud to partner with Skechers, donating masks where they can protect front-line workers and the most vulnerable people in our community.”

The United Way of Greater Los Angeles will be distributing Skechers masks to shelters, clinics, community centers and food banks throughout the metropolitan region from San Gabriel to Long Beach over the next month. The remaining masks will be distributed to facilities in key vulnerable communities identified and supported by charity partners across the country.

The #MillionMaskChallenge campaign started with announcements by some of the most influential TikTokers including Addison Rae, Loren Gray, Spencer X, Maiko, Avani and the Croes Brothers among others with a combined following of more than 350 million. They asked their fans to create a video dancing to the hit viral track “Skechers” by DripReport, and for every “Skechers” dance shared, the Company agreed to donate up to a million Skechers face masks to essential workers and organizations within communities in need. A congratulatory video from the influencers can be seen here.

“From the start, I wanted to turn this moment into a movement,” said DripReport, who signed with Arista Records earlier this year for the official release of “Skechers”—his first original track. “Part of my goal with the track was to show you can make whatever you wear cool and share a message about self-confidence over material things. When I originally released ‘Skechers’ in January, the world was in a different place. After the track blew up, I love that Skechers and I succeeded in making it stand for so much more.”

The “Skechers” track by DripReport has been nothing short of a phenomenon. “Skechers” spent five weeks on top of the Spotify US Viral Chart—breaking a record set by Lil Nas X’s “Old Town Road.” Rolling Stone declared it “the most-streamed song in history about…sneakers” and it went on to be shared more than a billion times on TikTok with millions creating and sharing their own dances. GRAMMY®-nominated rapper, singer and songwriter Tyga dropped his own remix of the track in May and DripReport also released his own remix with an animated music video that heavily features Skechers. DripReport first appeared as an Instagram page for sharing remixes of popular hip-hop songs, and eventually grew in popularity with hundreds of millions of views on YouTube and social media for his content.

About Skechers USA, Inc.

Based in Manhattan Beach, California, Skechers (NYSE: SKX) 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 3,615 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 United Way of Greater Los Angeles

United Way of Greater Los Angeles is a nonprofit organization fighting to end poverty by preparing students for high school graduation, college, and the workforce, housing our homeless neighbors, and guiding hard-working families towards economic mobility. United Way identifies the root causes of poverty and works strategically to solve them by building alliances across all sectors, funding targeted programs and advocating for change. For more information, visit UnitedWayLA.org and EveryoneInLA.org.

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 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; 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, 2019 and its quarterly report on Form 10-Q for the three months ended June 30, 2020. 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 USA, Inc.

310.937.1326

Julie Cozort

United Way of Greater Los Angeles

[email protected]

Source: Skechers USA, Inc.