by | Jun 27, 2017 | Press Release
Jun 27, 2017 • 12:00 pm EDT
New 24,000-Square-Foot Location is Footwear Brand’s Largest in a Mall
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global leader in the lifestyle and performance footwear industry, has opened its largest SKECHERS mall-based factory outlet store. At approximately 24,000 square feet, the massive superstore in Ontario, California, features dedicated shops for the various SKECHERS lifestyle and performance collections for Men and Women, an exciting Kids’ area complete with theater, as well as a shop dedicated to the brand’s growing apparel collection.
SKECHERS premium superstore at Ontario Mills (Photo: Business Wire)
“This amazing new store is a perfect reflection of the incredible position of our brand within the marketplace,” said Michael Greenberg, president of SKECHERS. “With footwear, accessories and apparel—we’re delivering SKECHERS products from head to toe, so we built a store that showcases our collection to customers in the finest retail experience possible. We look forward to introducing features debuting here in more stores throughout our retail network through the second half of this year and into 2018 to meet the needs of the consumers who are demanding our products worldwide.”
“We are thrilled that SKECHERS chose Ontario Mills for their supersize store,” added Marc Smith, vice president and general manager at Ontario Mills. “Ontario Mills prides itself on providing variety, value and great experiences for our shoppers and is confident that the SKECHERS superstore will be a huge attraction for the center.”
Located at California’s largest outlet destination—Ontario Mills—the SKECHERS superstore houses approximately 50,000 pairs, offering one of the widest assortments of SKECHERS lifestyle and performance products available under one roof. And unique to this location is a 5,000-square-foot apparel and accessories shop-in-shop that features a customer experience tailored to those shopping for clothing.
The store is segmented into departments including Women’s lifestyle and performance, Men’s lifestyle and performance, WORK footwear, the BOBS from SKECHERS charity collection, the premium Mark Nason collection for men, and a fun Kids’ area features a candy shop plus a theater space screening SKECHERS cartoons and characters to keep kids engaged while mom or dad shop. The new store format and design with state-of-the-art lighting and effects entices shoppers to enter and explore the collection.
The Ontario Mills SKECHERS superstore joins a retail portfolio that includes large format stores in Las Vegas and Gardena, CA, plus flagship stores in prime locations such as Los Angeles’ Hollywood & Highland, Times Square in New York, San Francisco’s Powell Street, London, Tokyo, Shanghai and countless cities around the world. At the end of the second quarter of 2017, SKECHERS had 2,055 stores worldwide, with 584 being Company owned.
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 160 countries and territories worldwide via department and specialty stores, more than 2,055 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 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, the Company’s 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 uncertainty of sustained recovery in Europe; 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, 2016 and its quarterly report on Form 10-Q for the three months ended March 31, 2017. The risks included here are not exhaustive. The Company 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]
by | Jun 15, 2017 | Press Release
Jun 15, 2017 • 9:10 am EDT
-Court Denies adidas’ Motion for a Preliminary Injunction
-Court Dismisses adidas’ Claim for Willful Infringement Against Skechers
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, INC. (NYSE: SKX), a global lifestyle and performance footwear brand, today announced that in two separate rulings the United States District Court for the District of Oregon denied adidas’ motion for a preliminary injunction seeking to prevent Skechers from selling its Mega-Blade series of children’s shoes, and dismissed adidas’ claim against Skechers for willful infringement of two patents allegedly covering adidas’ Springblade shoes.
In July 2016, adidas sued Skechers in U.S. District Court of Oregon alleging that Skechers’ Mega-Blade series of children’s shoes infringed two separate adidas patents covering the “leaf spring” sole for its Springblade shoe style. adidas’ complaint also alleged that Skechers intentionally and willfully infringed both patents and sought enhanced damages. adidas also moved for a preliminary injunction that same month seeking to prohibit Skechers, among other things, from selling the Mega-Blade shoes.
In denying adidas’ motion for a preliminary injunction, the Court found that adidas was unable to show that it is likely to win the case at trial, referring to a ruling in a related proceeding before the U.S. Patent Trial and Appeal Board (“PTAB”) where Skechers produced evidence that adidas’ patents were invalid and convinced the PTAB to institute an inter partes review of the patents. The Court stated that adidas “cannot, at this time, show a likelihood of success on the merits” because “81 percent of [PTAB review proceedings] result in invalidation of at least some of the challenged claims, and 65 percent invalidated all of the challenged claims.”
adidas also argued that the sale of the Mega-Blade shoes causes adidas irreparable harm by having an adverse effect on the reputation, sales, pricing and market share of the adidas Springblade model. The Court disagreed with adidas, citing the complete absence of any evidence and stating, that “adidas’ evidence of irreparable injury is too conclusory and speculative to meet adidas’ burden for a preliminary injunction.”
In a separate ruling the same day, the Court dismissed adidas’ claim for willful and intentional infringement against Skechers, stating that adidas failed to plead any “facts from which the Court may draw the reasonable inference that [Skechers] knew of the patents-in-suit either when they issued or any time before [adidas] filed this lawsuit. Thus, [adidas’] allegations are insufficient to state a claim for willful infringement based on [Skechers’ conduct] before the lawsuit was filed.”
“The Court’s ruling inherently recognizes the weak and speculative nature of adidas’ allegations against Skechers,” stated Michael Greenberg, president of Skechers. “As owners of a vast worldwide portfolio of trademarks, patents and copyrights, Skechers respects the intellectual property rights of other companies and has invested tremendous resources into building a brand identity by developing its own distinctive designs, not by copying others. We are pleased with both of the Court’s rulings.”
Skechers is represented in the matter by Daniel Petrocelli, Mark Samuels, Jeffrey Barker and Brian Berliner of O’Melveny & Myers LLP.
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 160 countries and territories worldwide via department and specialty stores, more than 2,055 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 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, the Company’s 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 uncertainty of sustained recovery in Europe; 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, 2016 and its quarterly report on Form 10-Q for the three months ended March 31, 2017. The risks included here are not exhaustive. The Company 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]
by | May 22, 2017 | Press Release
May 22, 2017 • 12:00 pm EDT
LONDON–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced that the Company has been named Mainstream Women’s Brand of the Year at the 2017 Drapers Footwear Awards. SKECHERS was also recently awarded as Brand of the Year during the 2017 Footwear Industry Awards in February.
“We are incredibly honored to be recognized by Drapers Footwear Industry, as the leading Mainstream Women’s Brand of the Year,” commented Peter Youell, Managing Director of SKECHERS U.K. and Ireland. “It is a privilege to receive this acknowledgment amongst such notable brands that were shortlisted in this category. This award highlights the growing appeal and need for trend right comfort in the footwear market and SKECHERS excels here with continued growth and demand for our Skechers Memory Foam and SKECHERS GOwalk platforms.”
“We accept this recognition thanks to the ongoing support from our amazing SKECHERS retail partners who drive consumers to SKECHERS in their stores and have made SKECHERS an in-demand brand across the UK year after year,” added Marvin Bernstein, managing partner of SKECHERS S.à.r.l. “UK continues to be a key market in the region and it is amazing to see ongoing growth after nearly 25 years in the country.”
The Drapers Footwear Awards recognize and celebrate outstanding performance, innovation and creativity among retailers, brands and individuals in this fast-paced sector. The prestigious award ceremony was held on May 17 at the Grosvenor House Hotel in London, and is supported by the British Footwear Association (BFA).
SKECHERS offers two distinct footwear categories: a lifestyle division which offers comfort-focused, trend-right product for men, women and kids, and the Skechers Performance Division for elite athletes and sports enthusiasts.
Celebrity product endorsees for Skechers’ collections include actress Kelly Brook, multi-platinum recording artist Meghan Trainor, actor Rob Lowe, boxing great Sugar Ray Leonard, and baseball slugger David “Big Papi” Ortiz. The Company’s Skechers Performance Division ambassadors include elite marathon champion and Boston Marathon winner Meb Keflezighi and English television presenter Charlie Webster, who ran at the Skechers Performance Los Angeles Marathon; as well as a team of pro golfers that include Scotland’s Colin Montgomerie.
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 160 countries and territories worldwide via department and specialty stores, more than 2,055 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 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, the Company’s 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 uncertainty of sustained recovery in Europe; 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, 2016 and its quarterly report on Form 10-Q for the three months ended March 31, 2017. The risks included here are not exhaustive. The Company 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]
by | May 22, 2017 | Press Release
May 22, 2017 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced that David Weinberg, the Company’s Chief Operating Officer and Chief Financial Officer, will present at the 18th Annual B. Riley Investor Conference on Wednesday, May 24, 2017 at 10:30 AM PT at the Loews Santa Monica Beach Hotel in Santa Monica, California.
The audio portion of the presentation will be available live by visiting the ‘Investor Relations’ section of the Company’s Website at www.skx.com. A replay of the audio will be accessible on the site for 90 days following the live presentation.
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 160 countries and territories worldwide via department and specialty stores, more than 2,055 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 skechers.com and follow us on Facebook(facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
Company Contact:
SKECHERS USA, Inc.
David Weinberg
Chief Operating Officer/
Chief Financial Officer
(310) 318-3100
or
Investor Relations:
Addo Investor Relations
Andrew Greenebaum
(310) 829-5400
by | May 4, 2017 | Press Release
Looks like David “Big Papi” Ortiz can’t hack retirement. The All-Time slugger traded in his baseball uniform for racing silks with 2015 Triple Crown-winning jockey Victor “Little Papi” Espinoza in the Jockey Room at Churchill Downs. Both champions are representing SKECHERS. (Photo: Business Wire)
Triple Crown-winner Victor Espinoza in pre-race comfort with Skechers (Photo: Business Wire)
May 4, 2017 • 2:58 pm EDT
World Famous Footwear Company Joins Victor Espinoza as He Seeks His Fourth Kentucky Derby Victory
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), today announced that it has signed on to sponsor 2015’s Triple Crown-winning jockey, Victor Espinoza, as he begins a new run for the series at the 143rd running of the Kentucky Derby this Saturday. SKECHERS branding will be included on Espinoza’s riding apparel as he races Gormley during Saturday’s big event at Churchill Downs.
Looks like David “Big Papi” Ortiz can’t hack retirement. The All-Time slugger traded in his baseball uniform for racing silks with 2015 Triple Crown-winning jockey Victor “Little Papi” Espinoza in the Jockey Room at Churchill Downs. Both champions are representing SKECHERS. (Photo: Business Wire)
“SKECHERS is excited to be back at the racetrack alongside Triple-Crown winning jockey Victor Espinoza,” stated Michael Greenberg, president of SKECHERS. “We love partnering with elite competitors in any sport and thinking outside the box. Victor was riding California Chrome when we sponsored the thoroughbred during his exciting run at the Belmont Stakes in 2014. Now we’re partnering with the man himself as he seeks to achieve his fourth Kentucky Derby victory.”
“When I’m relaxing away from the track, I’ve always loved how comfortable SKECHERS shoes feel,” added Victor Espinoza. “As my career really hit its stride on the West Coast, I’m thrilled to have such an iconic California brand supporting me on this incredible journey.”
Espinoza is one of 10 jockeys to have won the Kentucky Derby at least three times and if he wins for a fourth time on Saturday, he’ll be one of only four to have ever accomplished that feat. At the top of the field of jockeys currently competing, he recently won the Santa Anita Derby riding Gormley and has collected over 240 graded stakes, earning him the honor of being one of this year’s Racing Hall of Fame inductees.
This news follows the signing of ten-time All-Star Dominican-American baseball slugger, David “Big Papi” Ortiz. SKECHERS has a long history working with sports icons including current endorsees like football greats Joe Montana and Howie Long, as well as boxing legend Sugar Ray Leonard.
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 160 countries and territories worldwide via department and specialty stores, more than 2,055 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 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, the Company’s 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 uncertainty of sustained recovery in Europe; 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, 2016. The risks included here are not exhaustive. The Company 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
[email protected]
310-937-1326
by | May 3, 2017 | Press Release
May 3, 2017 • 9:00 am EDT
Famed Baseball Slugger to Appear in Global Men’s Footwear Campaign
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS (NYSE:SKX) expands its roster of sports stars representing the brand by announcing that ten-time All-Star Dominican-American baseball slugger David Ortiz—known by fans around the world as “Big Papi”—will be lacing up in SKECHERS Men’s footwear for a multi-platform global marketing campaign set to launch this Fall.
Baseball slugger David Ortiz signs on with Skechers (Photo: Business Wire)
“Twenty seasons in the majors took its toll on my body and especially my feet,” said David Ortiz. “While I knew I’d miss things about the game, I’m definitely able to enjoy my retirement in comfort thanks to my new partnership with SKECHERS. Toward the end of my career it felt like I was playing on two stubs, but now these SKECHERS have me feeling like I’m walking on the clouds!”
“We’re thrilled to have Big Papi joining Team SKECHERS and bringing with him the personality, heart and passion loved by baseball fans everywhere,” added Michael Greenberg, president of SKECHERS. “David represents a perfect fit for our athletic and casual Men’s footwear collections. The respect he garners will be a home run for SKECHERS. And with a fanbase beyond the United States, especially across the Americas, he’ll help us build awareness around the globe.”
Known primarily for his roles as a designated hitter and first baseman for 14 seasons in Boston, David Ortiz joined the pros in 1992 and previously played for Seattle and Minnesota. In Boston, he played for the team that broke the curse in 2004 and won the World Series two more times—in 2007 plus 2013 when he was also named series MVP. Ortiz is one of the most powerful sluggers in baseball history—a seven-time Silver Slugger winner who holds Boston’s single-season home run record of 54 set in 2006. He ended his career with 541 home runs (17th all-time), 1,768 RBIs (22nd all-time) and a .286 batting average. Ortiz remains the all-time leader as designated hitter for home runs, RBIs and hits.
Since retiring, he’s been focused on his charity—the David Ortiz Children’s Fund—which is committed to helping children in New England and the Dominican Republic who do not have access to the critical pediatric services they need. Ortiz will share insight from his life and career with the world when his anticipated memoir Papi: My Story releases in hardcover on May 16.
Along with boxer Sugar Ray Leonard and football legends Joe Montana and Howie Long, who all appear in current SKECHERS footwear campaigns, SKECHERS has a long history working with athletes to represent its Men’s collection. Our extended roster of sports icons includes Pete Rose, Mariano Rivera, Ozzie Smith, Tommy Lasorda, Joe Namath, Ronnie Lott, Karl Malone, Kareem Abdul-Jabbar, Rick Fox, and Wayne Gretzky.
In recent years, the range of SKECHERS men’s footwear has expanded to include a wide array of trend-right casual and sport styles, and innovations such as SKECHERS Air-Cooled Memory Foam for long-lasting comfort. Styles from the SKECHERS men’s collection are available in SKECHERS retail stores as well as department stores and footwear retailers around the globe.
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 160 countries and territories worldwide via department and specialty stores, more than 2,055 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 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, the Company’s 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 uncertainty of sustained recovery in Europe; 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, 2016. The risks included here are not exhaustive. The Company 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]