Skechers Delivers 15,000 Pairs of Shoes to Children Still in Need in Puerto Rico

by Zach | Sep 20, 2018 | Press Release

Sep 20, 2018 • 9:00 am EDT

Distribution to Those Impacted by Hurricane Maria is the Latest in the Company’s Donation of 15 Million Pairs of New Shoes to Kids Worldwide

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– With recognition that Puerto Rico remains in need of many essentials a year after Hurricane Maria devastated the territory, Skechers USA, Inc. (NYSE:SKX) has donated 15,000 pairs of new shoes to children on the island. The donation is part of the Company’s BOBS from Skechers philanthropic shoe program, through which the Company has donated 15 million pairs of new shoes to children affected by poverty, homelessness and natural disasters around the globe.

San Juan students personalize their new pair of BOBS from Skechers during a donation event, providing aid to those affected by Hurricane Maria in Puerto Rico. (Photo: Business Wire)

“Recovery from hurricanes is not a sprint, it’s a marathon – and much work still needs to be done in Puerto Rico,” said Michael Greenberg, president of Skechers. “We saw this with power taking nearly a year to be completely restored to the island, and we’re seeing it in the families still putting their lives back together today. It’s crucial that we continue to distribute supplies to families in cities as well as more remote regions to let them know that they haven’t been forgotten. And with residents just beginning to assess the damage from Hurricane Florence, our outreach continues as we expect to be in the Carolinas in the coming months to help those impacted in that region as well.”

Skechers coordinated with charity partner Delivering Good, local organization the Carlos Beltran Foundation and Skechers retail employees on the ground to deliver shoes to approximately 1,200 children through three donation events in August and September in the San Juan and Vega Baja regions to date, with another 1,900 pairs to reach children at seven donation events throughout the island by the end of September. Additional events are planned through the remainder of 2018.

The territory-wide relief effort is the latest in a series of donation events that the footwear brand has launched for hurricane victims in Puerto Rico and the States. In February 2018, Skechers donated 5,000 pairs of socks and 2,400 backpacks in care packages benefitting Puerto Rico’s city and remote residents. The Company also partnered with Delivering Good to distribute BOBS from Skechers shoes, goods and relief to flood victims in Texas and Florida following Hurricanes Harvey and Irma in 2017.

Since the program’s inception in 2011, the BOBS from Skechers program has donated new shoes to more than 15 million kids in the United States and more than 30 countries worldwide through the Head Start programs, education foundations, homeless shelters, disaster relief, and 501 (c)(3) organizations. Beyond the United States, the list of countries receiving donations in 2018 has also included Nicaragua, Haiti, Netherlands, Guatemala, Honduras, Jamaica, Lebanon and Jordan.

About Skechers USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, 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, 2,715 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 and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SKECHERS), Instagram (Instagram.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

About Delivering Good

Delivering Good, Inc. (formerly K.I.D.S./Fashion Delivers) is a 501(c)(3) nonprofit, and the charity of choice for new product donations made by hundreds of companies in the fashion, home and children’s industries. Donating new merchandise provides these companies with a simple and effective way to help millions of kids, adults and families facing poverty and disaster each year. Since 1985, over $1.8 billion of donated product has been distributed through our network of community partners. Learn more at www.Delivering-Good.org.

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 the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. 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.

SKECHERS USA
Jennifer Clay, (310) 937-1326
[email protected]

Skechers Claims Shareholder Lawsuit and Allegations Without Merit

by Zach | Sep 11, 2018 | Press Release

Sep 11, 2018 • 9:00 am EDT

Footwear Company Plans to Vigorously Defend Lawsuit

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– Skechers USA, Inc. (NYSE:SKX), a global footwear leader, denies the allegations in the recent alleged shareholder class actions filed by Laborers Local 235 Benefit Fund as frivolous and without merit, and plans on defending them vigorously.

David Weinberg, Skechers chief operating officer, commented: “This shareholder lawsuit (Laborers Local 235 Benefit Fund) is without merit. Between October 2017 and July 2018, the Company announced four consecutive quarters of record net sales, including our highest quarterly net sales in the first quarter of 2018, and record annual sales for the full-year 2017. (See referenced earnings announcements.) During that time, the Company was—and still is—focused on efficiently and strategically growing our business on a global scale. This includes investing in our infrastructure, diligently managing our balance sheet and bringing expenses in line with growth. The lawsuit at best shows a complete misunderstanding of the challenges facing both the international footwear industry and our growth-oriented global business. We will vigorously defend the Company and our officers against this frivolous lawsuit in court.”

On September 4, 2018, Laborers Local 235 Benefit Fund filed a securities class action against the Company and certain of its officers, in the United States District Court for the Southern District of New York, case 1:18-cv-08039. The lawsuit alleges that between October 20, 2017 and July 19, 2018, the Company made materially false statements or omissions of material facts to investors about its operations and prospects.

Skechers will be represented in the lawsuit by Seth Aronson and Abby Rudzin of O’Melveny & Myers in New York and Los Angeles.

About Skechers USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, 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, 2,715 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 and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SKECHERS), Instagram (Instagram.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

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 the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. 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.

SKECHERS USA
Jennifer Clay, 310-937-1326
[email protected]

Skechers’ BOBS for Dogs Campaign Helps 583,000+ Animals

by Zach | Sep 4, 2018 | Press Release

Sep 4, 2018 • 9:00 am EDT

Footwear Company Donates More Than $3 Million to Best Friends Animal Society to Find Forever Homes for Shelter Pets

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– More than half a million animals are howling their thanks at Skechers. Through the Company’s philanthropic BOBS from Skechers and BOBS for Dogs collections, it has helped 583,000 shelter pets in the United States, including saving the lives of more than 241,000 animals nationwide through its $3 million donation to Best Friends Animal Society, the only national animal welfare organization dedicated exclusively to ending the killing of dogs and cats in America’s shelters.

Skechers’ BOBS for Dogs and Best Friends Animal Society partnership has helped more than 583,000 shelter pets in the United States, including an Austin Super Adoption to clear shelters after Hurricane Harvey. (Photo: Business Wire)

“It’s been incredibly gratifying to establish the BOBS collections as a beloved part of our brand,” said Michael Greenberg, president of Skechers. “BOBS for Dogs is very personal for us – many of our employees have rescued dogs, with some through Best Friends directly. It’s wonderful to see that we haven’t just created styles that people love to wear, but that these shoes, and now our BOBS apparel, are having a very real impact on the hundreds of thousands of animals who have left shelters across the country for loving homes.”

Along with saving the lives of shelter animals, Best Friends has used Skechers’ contributions to find forever homes for 5,490 pets at Skechers-sponsored Super Adoption events; spay and neuter 328,000 pets; transfer more than 25,000 shelter animals to Best Friends’ regional programs; and help nearly 12,000 kittens at its nurseries. The Company’s funds have also supported the organization’s efforts in Los Angeles, currently on track to become the nation’s largest no-kill city in 2018; helped launch its first Pet Adoption Center in New York; and maintain its Utah sanctuary which houses more than 1,600 animals. BOBS for Dogs’ wide-ranging Best Friends initiatives have included a limited edition co-branded footwear collection and a BOBS Roving Rescue bus to help transport shelter pets to their forever homes.

Skechers continues to raise donations through its iconic casual collection, which features popular shelter pets, cartooned animal mosaics and world-famous animal personalities – as well as select apparel from its recently launched animal-themed casual and sleepwear collections.

For each pair of specially packaged BOBS from Skechers shoes and BOBS T-shirts sold online and in retail stores throughout the United States, twenty-five cents is donated to Best Friends to help save shelter animals’ lives across the country. To learn more, follow BOBS from SKECHERS on Facebook (facebook.com/BOBSfromSKECHERS), Twitter (twitter.com/BOBS_SKECHERS), Instagram (instagram.com/BOBS_SKECHERS) and Pinterest (pinterest.com/BOBSSKECHERS), or visit www.BOBSfromSKECHERS.com.

About Best Friends

Best Friends Animal Society is a leading national animal welfare organization dedicated to ending the killing of dogs and cats in America’s shelters. In addition to running lifesaving programs in partnership with more than 2,200 animal welfare groups across the country, Best Friends has regional centers in New York City, Los Angeles, Atlanta and Salt Lake City, and operates the nation’s largest no-kill sanctuary for companion animals. Founded in 1984, Best Friends is a pioneer in the no-kill movement and has helped reduce the number of animals killed in shelters nationwide from 17 million per year to about 1.5 million. That means there are still more than 4,100 dogs and cats killed every day in shelters, just because they don’t have safe places to call home. We are determined to get that number to zero by the year 2025. Working collaboratively with shelters, rescue groups, other organizations and you, we will end the killing and Save Them All. For more information, visit bestfriends.org. To become a fan of Best Friends on Facebook, go to Facebook.com/bestfriendsanimalsociety. Follow Best Friends on Twitter (@BestFriends) and Instagram (@BestFriendsAnimalSociety).

About SKECHERS USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, 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, 2,715 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 and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

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 the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. 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.

SKECHERS USA, Inc.
Jennifer Clay, 310.937.1326

Skechers GO GOLF® Elite Athlete Brooke Henderson Wins CP Women’s Open and 7th LPGA Title

by Zach | Aug 27, 2018 | Press Release

Aug 27, 2018 • 1:24 pm EDT

Henderson Makes History Becoming the First Canadian in 45 Years to Win the LPGA CP Women’s Open

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– On the course with the world’s top golfers and surrounded by the cheers of fellow countrymen, Brooke Henderson won the LPGA CP Women’s Open yesterday, becoming the first Canadian to win the title in 45 years, and the second Canadian to win in the event’s history. Competing in Skechers GO GOLF footwear and apparel, Henderson won her seventh LPGA title by four shots with a finish 21 under par at Wascana Country Club in Regina, Saskatchewan.

Skechers GO GOLF elite athlete Brooke Henderson (left) celebrates her CP Women’s Open win with sister and caddy Brittany. (Photo: Business Wire)

“It felt like a dream to get a big win at a Canadian tournament,” said Brooke Henderson. “This was truly a Canadian-style game. It was like playing in all four seasons. I was ready though and I had the stability I needed with my Skechers GO GOLF Elite V.2 shoes. It just felt so perfect, and I feel honored to win this for my country. I’m the national champion!”

“What an amazing win for Brooke—in her home country! We couldn’t be more proud of her, and we’re excited to be with her on this journey as she continues to win in what’s shaping up to be an incredible season so early in her career,” said Michael Greenberg, president of Skechers. “She’s an inspiration every time she’s on the course and her aspirational determination is an asset to the Skechers GO GOLF collection as well as her fans who watch her wearing our footwear and apparel through each new success.”

Henderson has become a prominent face of women’s golf since turning professional in December 2014. She won her first LGPA Tour event in 2015 at the Cambria Portland Classic, a title she would defend with her second career win in 2016. She then went on to become the second youngest player to capture a major championship with her win at the 2016 KPMG Women’s PGA Championship. In 2016, Brooke also represented Canada at the 2016 Olympic games in Brazil, where she tied for seventh place. In April she was the first Canadian to win the Lotte Championship and is now a single win short of tying Sandra Post for most wins by a Canadian in LPGA history.

Henderson joined the Skechers Performance team in 2016. She wears Skechers GO GOLF footwear and apparel on tour and has been featured in ongoing marketing campaigns for the brand.

Known for its lightweight, high quality, stable and comfortable designs, Skechers Performance GO GOLF has achieved prominence within the golf category, alongside the brand’s award-winning running, walking and training collections. The Skechers Performance GO GOLF apparel line offers athletes comfort and freedom of movement through a wide assortment of styles constructed with innovative moisture-wicking fabrics in a variety of colors for both men and women.

Skechers Performance GO GOLF is available at Skechers retail stores and skechers.com as well as select retail partners including specialty golf pro shops.

About SKECHERS USA, Inc.

SKECHERS USA, Inc. (NYSE: SKX), based in Manhattan Beach, California, 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, 2,715 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 and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SKECHERS), Instagram (Instagram.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).

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 the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. 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.

Skechers
Jennifer Clay
310-937-1326
[email protected]

Skechers Elite Athletes Top Podium at 2018 IRONMAN® Mont-Tremblant

by Zach | Aug 21, 2018 | Press Release

Aug 21, 2018 • 2:03 pm EDT

Cody Beals Wins His First-Ever Full-Distance Race in Skechers Performance Footwear; Veteran Triathlete Lionel Sanders Places Second

TORONTO–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) celebrates the victory of its Skechers^® athletes who swept the four top spots in Skechers Performance™ footwear on Sunday, August 19 at IRONMAN^® Mont-Tremblant in the Laurentian Mountains of Quebec. Topping the podium was Cody Beals, who completed his first full-distance IRONMAN in Skechers GO RUN 6™ in 8:10:36 – the first Canadian in history to win Mont-Tremblant and set a new bike and overall course record.

From left: Skechers elite runners and fellow Canadians Cody Beals and Lionel Sanders finish first and second, respectively, at the 2018 IRONMAN® Mont-Tremblant in Quebec. (Photo: Business Wire)

Beals was followed by Canadian Lionel Sanders, who finished the race in 8:24:01 in Skechers GO RUN Razor 3 Hyper™; American Matt Russell who finished in 8:25:14 in Skechers GO RUN 6; and Canadian Antoine Jolicoeur-Desroches who finished fourth in 8:28:40 in Skechers GO RUN Ride 7™.

“It’s exhilarating to prove that I’m not just capable of the half-distance, but that I can win the full-distance as well,” said Beals. “And it’s been a great honor to compete against Lionel; I’ve raced him more than 10 times over the years, and he’s definitely raised the bar for me. Skechers Performance has really helped me concentrate on my technique and focus on the final leg.”

“Cody’s race today was amazing to watch, and we’re thrilled to support his first ever full-distance win,” said Michael Greenberg, president of Skechers. “His focus, endurance and perseverance through all three stages in Mont-Tremblant was inspirational for fans everywhere – and we know that there’s lots more in store for his great talent. Congrats to the entire Skechers Elite team – four winners is amazing and a testament to their hard work and our footwear.”

“I’m inspired by Cody (Beals) in his debut and Matt (Russell) in his comeback,” added Lionel Sanders, who is a top contender at the IRONMAN World Championships in Kona this October. “It’s great to be part of such an incredible team, and I look forward to taking the momentum that we’ve got to Kona.”

Since its debut with the first model of Skechers GO RUN^® worn by Meb Keflezighi in 2012, Skechers Performance footwear and apparel has earned respect throughout the running world and won numerous awards within the footwear industry. Skechers Performance is the title sponsor of the Skechers Performance Los Angeles Marathon^® and the footwear and apparel sponsor of the Chevron Houston Marathon^® and Aramco Houston Half Marathon^®.

The Skechers GO RUN collection for men and women is available at Skechers retail stores and skechers.com as well as select retail partners, including run specialty stores.

About SKECHERS USA, Inc.

SKECHERS USA, Inc., based in Manhattan Beach, California, 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, 2,715 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 and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SkechersPerformanceCanada), Instagram (instagram.com/SkechersPerformance_Canada) and Twitter (twitter.com/SkechersGOCan).

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 the Company’s annual report on Form 10-K for the year ended December 31, 2017, and its quarterly report on Form 10-Q for the three months ended June 30, 2018. 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.

Skechers Canada
Cris Alcantara
(905) 206-5877
[email protected]