by Zach | Oct 18, 2019 | Press Release
Oct 18, 2019 • 2:48 pm EDT
Skechers Pier to Pier Friendship Walk also wins “Affair to Remember” Award from Manhattan Beach
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– For the fourth time in the past five years, Manhattan Beach-based athletic lifestyle footwear and apparel global brand Skechers has been honored by the Manhattan Beach Chamber of Commerce as the “Best of Manhattan.” The Chamber also honored the Company with the “Pay it Forward” award, and presented its “Affair to Remember” award to Skechers Pier to Pier Friendship Walk—an annual event that has raised more than $11 million and is on track to raise another $2 million this month for children with special needs, schools and college scholarships.
L to R: Skechers Foundation Executive Director Robin Curren, Skechers President Michael Greenberg and Skechers COO David Weinberg celebrate their “Best of Manhattan” awards at Westdrift Manhattan Beach. Credit: Walkthrough Productions
L to R: Skechers Foundation Executive Director Robin Curren, Skechers President Michael Greenberg and Skechers COO David Weinberg celebrate their “Best of Manhattan” awards at Westdrift Manhattan Beach. Credit: Walkthrough Productions
For its annual “Best of” award ceremony, which was held last night at Westdrift Manhattan Beach, the Manhattan Beach Chamber of Commerce nominates the city’s most impactful businesses and events, and the community votes for the year’s winners on the Chamber’s website. The “Best of Manhattan” honors the business best known for its exceptional job generation, employee culture, customer service and record of giving back to its local community. The “Pay it Forward” award recognizes a company’s history of exceptional generosity that has made a lasting impact on the city, and the “Affair to Remember” award honors an event that cultivates spirit and engagement in the South Bay.
“The town of Manhattan Beach has been an indelible part of Skechers’ story, ever since we started in one of its beach houses,” said Michael Greenberg, president of Skechers. “For more than a quarter century, this has been our home: it’s where we launched our business in 1992 and had our first retail store in ’94. As we’ve grown into a global brand, this community has been at our core, and we’re honored to give back—be it helping with local athletic programs and the Holiday Fireworks, or celebrating the Skechers Pier to Pier Friendship Walk for children with special needs and our schools. We’re constantly grateful for Manhattan Beach’s support and we’re inspired to find new ways to pay it forward.”
An 11-year South Bay tradition, the Skechers Pier to Pier Friendship Walk raises millions every year to support The Friendship Foundation’s peer mentoring and social recreational programs for children with special needs. The event also helps education foundations support teachers’ salaries, limit class sizes and enhance schools’ technology, music and science programs and facilities—and funds the Skechers Foundation’s national college scholarship program, which awards $100,000 annually to students who have financial need and proven excellence in academics, athletics and leadership.
Now the world’s third largest athletic lifestyle brand, Skechers also makes a difference through the BOBS from Skechers charitable footwear collection. Since the BOBS program launched in 2011, more than 15 million pairs of new shoes have been donated to kids in need across the United States and around the globe. A partner of Petco Foundation, the Company has also donated more than $4.23 million, funds that have saved the lives of more than 396,000 dogs and cats and helped 353,000 additional animals.
Skechers previously won the Manhattan Beach Chamber of Commerce’s “Best of Manhattan Full Circle” award for best charity in 2013, and “Best of Manhattan” awards in 2014, 2016 and 2017.
About SKECHERS USA, Inc.
Based in Manhattan Beach, California, Skechers (NYSE: SKX) designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. Skechers footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, more than 3,170 Skechers Company-owned and third-party-owned retail stores, and the Company’s 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, and throughout Europe and Latin America. 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. 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 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, 2018, and its quarterly report on Form 10-Q for the three months ended June 30, 2019. 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 operations 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
Source: SKECHERS USA, Inc.
by Zach | Oct 17, 2019 | Press Release
An annual October tradition for thousands, the Skechers Pier to Pier Friendship Walk aims to raise $2 million this month for children with special needs and education. (Photo: Business Wire)
Friendship Foundation pals celebrate the Skechers Pier to Pier Friendship Walk in 2018. The event’s funds give children with special needs enriching classes, activities, group outings and lifelong friendships. (Photo: Business Wire)
Oct 17, 2019 • 2:43 pm EDT
Sugar Ray Leonard, Global Star Kodi Lee and More Celebrities Aim to Raise Awareness for Children with Special Needs and Education
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– California’s largest walk for children with special needs and education, the Skechers Pier to Pier Friendship Walk launches its second decade with a $2 million fundraising goal, jet-setting prizes and a live performance starring this season’s America’s Got Talent winner Kodi Lee, the blind and autistic singing sensation whose phenomenal musical talents have captivated the world. Together with presenting sponsor Nickelodeon, media sponsor NBC4 and Walk veterans like Sugar Ray Leonard, the Skechers Foundation aims to continue the Walk’s record-breaking streak of donations for children of all ages and abilities.
An annual October tradition for thousands, the Skechers Pier to Pier Friendship Walk aims to raise $2 million this month for children with special needs and education. (Photo: Business Wire)
The 11th annual event on October 27th will also feature SpongeBob’s 20th anniversary with SpongeBob, Patrick and Friends; business class ticket sweepstakes sponsored by Turkish Airlines, the Walk’s new official airline partner; and an adopt-a-pet center sponsored by the Petco Foundation and Los Angeles County animal shelters.
“We’re thrilled to have Kodi perform at the Skechers Pier to Pier Friendship Walk, just days before headlining his America’s Got Talent LIVE! tour. Our Walk is the perfect venue to celebrate his AGT victory as we inspire, educate and raise funds for kids with special needs and students,” said Michael Greenberg, president of Skechers and the Skechers Foundation. “The dedication of returning legends like Sugar Ray Leonard and generous organizations like Nickelodeon and NBC4 have helped us reach incredible donation milestones for kids: last year, we raised $2 million, and through their continued support, we hope to pass that number this year.”
“We’ve proudly supported the Skechers Pier to Pier Friendship Walk for eight years because this mission is so synchronous with our values as an organization,” added Jennifer Tracy, senior vice president of Activation at Viacom Velocity. “When events like this are bolstered by their communities and become annual traditions, the kids get to reap the great benefits all year—and we’re excited to be part of this incredible movement.”
Attendees at this year’s Walk will include celebrities like Hall of Fame baseball legend Tommy Lasorda and Denise Austin; NBC4 investigative reporter and opening program emcee Lolita Lopez; and the casts of Brat’s Chicken Girls and Nickelodeon’s Knight Squad and All That reboot—along with numerous YouTubers, Nickelodeon and Disney network stars and performances by World of Dance star Ayden Nguyen, Malea Emma, and Disney Channel’s favorite rapper, Issac Ryan Brown.
Donations from the Skechers Pier to Pier Friendship Walk support The Friendship Foundation, public schools and scholarship funds for exceptional students. The Friendship Foundation assists children with special needs and their families through one-on-one peer mentoring and social recreational activities such as summer camps, outings to sporting events and classes that include music, yoga, cooking, art and drama. The event also helps education foundations maintain and enhance their schools in areas like technology, music, and science, from reducing class sizes and updating labs, libraries and facilities to protecting teachers’ jobs. The Skechers Foundation’s national scholarship program awards $100,000 annually to students who have financial need and proven excellence in academics, athletics and leadership.
The 3.4-mile Walk will start at the Manhattan Beach Pier at 9AM, where participants will walk to the Hermosa Beach Pier and back. The event will also feature bounce houses, kids’ activities and giveaways—and event followers can win prizes on social media now through the day of the Walk. To register or make a donation, visit skechersfriendshipwalk.com or follow the Skechers Pier to Pier Friendship Walk on Facebook (facebook.com/SKECHERSFriendshipWalk), Instagram (instagram.com/skechersp2pwalk) and Twitter (twitter.com/SkechersP2PWalk).
In addition to headlining sponsor Nickelodeon, media sponsor NBC4 and new airline sponsor Turkish Airlines, the Skechers Pier to Pier Friendship Walk thanks all of its sponsors, including United Legwear & Apparel, McCarthy Construction, KCI General Contractors, Moose Toys, Kinecta Federal Credit Union, Petco Foundation, Steel Sports, The CET Foundation, Vertra, Ross Stores, Chevron, DreamWorks, Dakine, Aptos Retail, Continental Development, Mattel, Marshalls, OLIPOP, LA Kings, WSS and more than 100 other companies who have supported our children.
About Skechers Foundation
The Skechers Foundation was established to provide families around the world with the necessities and skills to succeed in life. In addition to organizing the Skechers Pier to Pier Friendship Walk, the Skechers Foundation funds tax-exempt, 501(c)(3) nonprofit organizations that provide education and job training, shoes, clothing, fitness and nutrition guidance to communities in need.
About Skechers USA, Inc.
Based in Manhattan Beach, California, Skechers (NYSE: SKX) designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. Skechers footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, more than 3,170 Skechers Company-owned and third-party-owned retail stores, and the Company’s 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, and throughout Europe and Latin America. 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. 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 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, 2018, and its quarterly report on Form 10-Q for the three months ended June 30, 2019. 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 operations 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 USA, Inc.
[email protected]
310.937.1326
by Zach | Oct 17, 2019 | Press Release
Oct 17, 2019 • 8:55 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader and the third largest lifestyle athletic footwear brand in the United States, today announced that it has won yet another major victory over Nike, Inc. in a case relating to Nike’s wholly-owned subsidiary Converse Inc. The Chief Administrative Law Judge of the International Trade Commission (“ITC”), the Honorable Charles E. Bullock, found no violation of Converse’s Chuck Taylor midsole trademark by Skechers’ Twinkle Toes® and BOBS® from Skechers product lines or by any of the other Skechers product lines accused in the case. Judge Bullock further ruled that the midsole trademark is not valid as to Skechers because the trademark had not acquired secondary meaning at the time that Skechers began using its designs back in 2001.
This is the third time that Skechers has won a victory in this case against Converse since Converse sued Skechers in 2014, alleging that Skechers’ well-known Twinkle Toes and BOBS from Skechers product lines, in addition to Skechers’ Daddy’$ Money and Hydee Hy-top® product lines, infringed Converse’s Chuck Taylor midsole trademark.
In November 2015, Judge Bullock ruled that Skechers’ Twinkle Toes and BOBS product lines do not infringe Converse’s Chuck Taylor midsole trademark. In so ruling, the Judge noted that both of the Skechers product lines feature prominent branding and that the Twinkle Toes line contains design features that “create enough differences that the shoes bearing them cannot be said to be similar to [the Chuck Taylor].” The Judge also stated that the survey evidence concluded that there was no likelihood that consumers would confuse Skechers’ Twinkle Toes and BOBS from Skechers designs with those of Converse’s Chuck Taylor designs.
In June 2016, the full ITC found that Converse’s trademark rights in the Chuck Taylor midsole design are invalid; that Skechers’ Twinkle Toes and BOBS shoes would not infringe Converse’s claimed trademark rights, even if the trademark rights were valid; and that Skechers can continue importing and selling its Twinkle Toes and BOBS from Skechers shoes in the United States.
Converse appealed the ITC’s June 2016 decision to the United States Court of Appeals for the Federal Circuit, and in October 2018 the Federal Circuit remanded the case back to the ITC for further proceedings, resulting in Judge Bullock’s October 9, 2019 ruling, which was a complete victory for Skechers.
“We are pleased that Judge Bullock recognized that Skechers has been using these designs long before Converse acquired any trademark rights in them,” stated Michael Greenberg, president of Skechers. “We are also pleased that multiple decisions repeatedly recognized that the Twinkle Toes and BOBS from Skechers designs are distinctively different from the Chuck Taylor design, and that there is no likelihood that consumers would ever confuse either Twinkle Toes or BOBS products with the Converse design. These rulings validate Skechers investment in its distinctive designs and brand identity, an investment that has helped build Twinkle Toes into a number one shoe line for young girls, and build both Twinkle Toes and BOBS into household names synonymous with Skechers – not with Converse or any other brand.”
Skechers is represented in the matter by Morgan Chu and Samuel Lu of Irell & Manella; and Barbara Murphy of Foster, Murphy, Altman & Nickel.
About SKECHERS USA, Inc.
Based in Manhattan Beach, California, Skechers designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. Skechers footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, more than 3,170 Skechers Company-owned and third-party-owned retail stores, and the Company’s 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, and throughout Europe and Latin America. 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. 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 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, 2018, and its quarterly report on Form 10-Q for the three months ended June 30, 2019. 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 the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses 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]
310.937.1326
Source: SKECHERS USA, Inc.
by Zach | Oct 8, 2019 | Press Release
Oct 8, 2019 • 4:16 pm EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE: SKX), a global leader in lifestyle and performance footwear, today announced that the Company will release its third quarter 2019 financial results after market close on Tuesday, October 22, 2019. A conference call will be held the same day at 4:30 p.m. ET / 1:30 p.m. PT. Participating on the call will be David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer.
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 October 22, 2019, at 7:30 p.m. ET, through November 5, 2019, at 11:59 p.m. ET. To access the replay, dial 844-512-2921 (U.S.) or 412-317-6671 (International) and use passcode: 13695137.
About SKECHERS USA, Inc.
Based in Manhattan Beach, California, Skechers designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. Skechers footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, more than 3,170 Skechers Company-owned and third-party-owned retail stores, and the Company’s 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, and throughout Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, and Twitter.
Investor Relations:
Addo Investor Relations
Andrew Greenebaum
310-829-5400
[email protected]
Source: SKECHERS USA, Inc.
by Zach | Oct 2, 2019 | Press Release
Los Angeles Dodgers all-star pitcher Clayton Kershaw signs with Skechers. (Photo: Business Wire)
Kershaw is working closely with the Skechers design team on the development of a personalized baseball cleat, a new trainer, and several other styles. (Photo: Business Wire)
Oct 2, 2019 • 12:00 pm EDT
The Major League Ace Pitcher Wearing Skechers on the Mound and Set to Appear in Global Men’s Footwear Campaign
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– Just in time for the exciting baseball post-season, big league footwear brand Skechers announces that it’s teaming up with Los Angeles Dodgers all-star ace Clayton Kershaw on a new multi-year partnership. The popular pitcher will appear in global marketing campaigns for Skechers men’s performance and athletic lifestyle footwear set to launch in 2020. Kershaw is also collaborating with the brand on several styles and recently debuted a custom exclusive baseball cleat.
Los Angeles Dodgers all-star pitcher Clayton Kershaw signs with Skechers. (Photo: Business Wire)
“I’ve spent my entire career here in Los Angeles, so it feels perfect that I’m partnering with Skechers—a Los Angeles original since 1992,” said Clayton Kershaw. “I’ve been working with the design team on several styles, and I am extremely impressed with the performance and comfort offered by Skechers. We have some unexpected and exciting ideas that fans will love.”
“We are fortunate to have Clayton Kershaw, one of the best pitchers in baseball today, wearing Skechers,” added Michael Greenberg, president of Skechers. “Clayton proves that the comfort and performance of Skechers footwear delivers even when you’re at the top of your game. Fans have already seen Skechers on the mound in the middle of the action, and we’ll soon follow with a full marketing campaign supporting our performance and athletic lifestyle men’s collections. Clayton’s energy, talent, and international fanbase make this partnership a home run for Skechers for years to come.”
A left-handed starter, Kershaw has spent his major league career with the Los Angeles Dodgers. Drafted seventh overall in 2006, he quickly progressed through the Dodgers’ farm system and reached the majors in 2008 at only 20 years old, making him the youngest active player in MLB for an entire year. In 2011, he won the pitching Triple Crown and the National League Cy Young Award, becoming the youngest pitcher to accomplish either of these feats since Dwight Gooden in 1985. He has since won two more Cy Young Awards and was named National League Most Valuable Player in 2014. An eight-time All-Star, Kershaw has the lowest career earned run average and walks per innings pitched average among starters in the live-ball era with a minimum of 1,000 innings pitched. He led the MLB in ERA for four consecutive seasons from 2011 to 2014 and recently surpassed the legendary Hall of Famer Sandy Koufax for most wins and strikeouts by a left-handed starter in Dodgers history.
Off the field, Kershaw and his wife, Ellen, seek to serve vulnerable and at-risk children in Los Angeles, Dallas, Zambia and the Dominican Republic through “Kershaw’s Challenge,” the couple’s charitable organization. Skechers shares their commitment to children and has agreed to sponsor the Kershaw’s Challenge annual PingPong4Purpose charity event held at Dodger Stadium each summer. Kershaw has been honored with the Roberto Clemente Award and the Branch Rickey Award for his humanitarian work.
Skechers has a long history working with athletes to represent its men’s collections. The Company’s extended roster of sports icons includes baseball stars like fellow Los Angeles legend Tommy Lasorda, Pete Rose, Mariano Rivera, Ozzie Smith and David Ortiz, as well as athletes Joe Namath, Ronnie Lott, Karl Malone, Kareem Abdul-Jabbar, Rick Fox, Wayne Gretzky, and Joe Montana, plus Sugar Ray Leonard, Howie Long and Tony Romo, who currently appear in Skechers campaigns.
The range of men’s performance and athletic lifestyle footwear from Skechers is available at Skechers retail stores, online at skechers.com, as well as in department and specialty retailers around the globe.
About SKECHERS USA, Inc.
Based in Manhattan Beach, California, Skechers (NYSE:SKX) designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. Skechers footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, more than 3,170 Skechers Company-owned and third-party-owned retail stores, and the Company’s 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, and throughout Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, and Twitter.
About Kershaw’s Challenge
Kershaw’s Challenge began in 2011 with a little girl in Zambia named Hope, a very evident need in her life, and the realization of a platform to do great things. Today, Kershaw’s Challenge seeks to serve vulnerable and at-risk children living in Los Angeles, Dallas, Zambia and the Dominican Republic. Our goal is to partner with organizations that are committed to this as well and work alongside them on specific projects to make life better for children. www.kershawschallenge.com
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 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, 2018, and its quarterly report on Form 10-Q for the three months ended June 30, 2019. 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 the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses 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
by Zach | Sep 26, 2019 | Press Release
Sep 26, 2019 • 9:00 am EDT
94% of Shoeboxes and 100% of Tissue Paper and Foot Form Packaging Are Now Recyclable
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– Global footwear brand Skechers USA, Inc. (NYSE:SKX) announced that since 2016, the Company has reduced its use of plastic in its footwear packaging by 85 percent to 10 percent of its foot forms, all of which is recyclable. The achievement is part of an aggressive strategy to increase the Company’s use of sustainable packaging worldwide: 99 percent of Skechers-branded shoeboxes meet FSC® standards for responsible sources, and 94 percent are recyclable*, along with all of the Company’s tissue paper packaging. All of Skechers’ packaging materials are also printed with soy- or water-based ink.
Included in Skechers’ global sustainability philosophy are its shipping methods. All of the Company’s master cartons from its factories are printed with soy- or water-based ink and are 100 percent recyclable, and at the distribution centers managing more than 90 percent of its business, its outbound shipping cartons are made with 96-100 percent recyclable materials and are 100 percent recyclable.
“As the third largest worldwide athletic lifestyle footwear brand with more than 170 million pairs expected to ship this year, we want to be as forward-thinking with our packaging and shipping of our product – and these sustainable improvements can have a tremendous impact on the world,” said Michael Greenberg, president of Skechers. “I’m proud of the ongoing efforts we are making to reduce our footprint as we’ve increased our global presence – and look forward to progressing these initiatives as we continue to find ways to lower our impact on the environment.”
In recent years, Skechers has made environmental responsibility a priority as it expands globally. From the Company’s Moreno Valley distribution center for North America to its upcoming Manhattan and Hermosa Beach offices expected to open in 2020, numerous Skechers facilities have or are slated to achieve LEED Gold certification for their sustainable features, which include natural lighting, drought-tolerant landscaping, renewable energy and reduced waste.
*Recycling guidelines, practices and capabilities vary in communities around the world; packaging may not be recyclable in all areas.
About SKECHERS USA, Inc.
Based in Manhattan Beach, California, Skechers designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. Skechers footwear is available in the United States and over 170 countries and territories worldwide via department and specialty stores, more than 3,170 Skechers Company-owned and third-party-owned retail stores, and the Company’s 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, and throughout Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, and Twitter.
Reference in this press release to “Sales” refers to Skechers’ net sales reported under generally accepted accounting principles in the United States. This announcement also contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 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, 2018, and its quarterly report on Form 10-Q for the three months ended June 30, 2019. 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 the companies cannot predict all such risk factors, nor can the companies assess the impact of all such risk factors on their respective businesses 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]
310.937.1326
Source: SKECHERS USA, Inc.