by | Oct 13, 2016 | Press Release
Oct 13, 2016 • 1:45 pm EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE: SKX), a global leader in lifestyle and performance footwear, today announced that it will release its third quarter 2016 financial results after market close on Thursday, October 20, 2016. A conference call will be held the same day at 1:30 p.m. PT / 4:30 p.m. ET. Participating on the call will be David Weinberg, Chief Operating Officer and Chief Financial Officer.
The call can be accessed on the Investor Relations section of the Company’s website at www.skx.com. For those unable to participate during the live broadcast, a replay will be available beginning October 20, 2016, at 7:30 p.m. ET, through November 3, 2016, at 11:59 p.m. ET. To access the replay, dial 844-512-2921 (U.S.) or 412-317-6671 (International) and use passcode: 13646366.
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 1,545 SKECHERS Company-owned and third-party 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).
Investor Relations:
Addo Investor Relations
Andrew Greenebaum
310-829-5400
[email protected]
by | Sep 28, 2016 | Press Release
Sep 28, 2016 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global leader in the lifestyle and performance footwear industry and the number two footwear brand in the United States, today announced the debut of an all-new SKECHERS application for Apple and Android mobile devices that is set to elevate the brand’s consumer purchase experience both for e-commerce and within SKECHERS retail stores.
SKECHERS App: Home Page (Photo: Business Wire)
The SKECHERS mobile app allows consumers in the United States to purchase their favorite SKECHERS styles for men, women and kids anywhere they feel the need to shop for footwear. Shoppers can learn about products by viewing the latest commercials and a native one-touch checkout with Apple Pay and Android Pay makes purchases fast and easy. Additionally, the app offers special features that will drive consumers to the retail experience including a store locator, proximity notifications for offers and events in nearby stores, and a barcode search that will help the shopper easily find and order additional sizes and colors of a style that might not be available in the store. The app also gives shoppers full access to their SKECHERS Elite™ account to track points and redeem rewards for use both in the app as well as in SKECHERS retail stores.
“The retail environment has shifted as an increasing number of millennial and post-millennial consumers seek out the most convenient, informative, and streamlined shopping experiences,” began Michael Greenberg, president of SKECHERS. “We’re excited that the new SKECHERS app will allow us to better reach and connect with the younger demographic of our fan base both on-the-go and through stronger interactive elements in our brick and mortar retail stores. By encouraging engagement, we hope to drive excitement for the brand and make it easy for men and women to purchase that perfect pair when they discover it online or out in the world.”
The new SKECHERS mobile app will also include a shopping enabled social media component that will drive discovery and encourage fans of the brand to share images of their best SKECHERS looks. Instagram images posted with #SKECHERS will appear in a devoted “ShopIG” section of the app that will allow consumers to easily purchase the shoes seen in their favorite images.
The app was developed in a partnership with the engineering team at PredictSpring—creator of the first native mobile commerce app platform that extends into the omni-channel and social commerce space. Other retailers that recently released apps built using the PredictSpring platform include Calvin Klein, New York & Company, Woodcraft, Claire’s and Vineyard Vines.
The new SKECHERS app is available to download now for iPhone, iPad and iPod Touch in the Apple App Store (https://appsto.re/us/dECn) and for Android devices in the Google Play store (https://play.google.com/store/apps/details?id=com.skechers.android).
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 1,410 SKECHERS retail stores, and the Company’s e-commerce website. The Company manages its international business through a network of global distributors, joint venture partners in Asia, and wholly-owned subsidiaries in Brazil, Canada, Chile, Japan, Latin America and throughout Europe. 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 and opening of new stores, the completion of the expansion and upgrade of the Company’s European distribution center, 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; entry into the highly competitive performance footwear market; 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; 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, 2015 and its quarterly report on Form 10-Q for the quarter ended June 30, 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, Inc.
Jennifer Clay, 310-937-1326
VP of Corporate Communications
[email protected]
by | Sep 22, 2016 | Press Release
Sep 22, 2016 • 7:04 am EDT
Skechers Performance releases a footwear collection and marketing campaign to support Breast Cancer Awareness Month
LONDON–(BUSINESS WIRE)– Skechers Performance™, a division of SKECHERS USA, Inc. (NYSE:SKX), is thrilled to announce its 2016 partnership with Breast Cancer Care, the only specialist UK-wide charity providing support for anyone affected by breast cancer. For the first time in the United Kingdom, Skechers Performance will launch a two-month marketing programme that includes in-store, digital, print and social media executions. To commemorate the partnership, Skechers Performance is releasing a limited edition footwear collection marked with the iconic breast cancer awareness pink ribbon, which will be available in SKECHERS retail stores and online, late September 2016.
Skechers performance supports Breast Cancer Care (Photo: Business Wire)
“We are proud to partner with Breast Cancer Care and help their cause, providing care, support and information to help thousands of people to find a way to live with, through and beyond breast cancer.” said Peter Youell, SKECHERS UK & Ireland Managing Director. “After seeing the success of previous partnerships, we wanted to continue and expand our support for breast cancer charities in the United Kingdom. In this new collaboration we wish to help raise awareness about all the incredible free services that Breast Cancer Care provide, including face-to-face support, vital information and the confidential Helpline.”
The Skechers Performance Breast Cancer Care collection includes the Skechers GOrun 400 and GOwalk 3™ styles, and will retail for £59.00. A donation of £5 per pair sold will be donated to the foundation. The designs incorporate a black, white and charcoal colour pallet with the classic pink hue weave-in. Each style also features the pink ribbon detailing on the heel.
The Skechers GOwalk 3 shoe is available in a slip-on style and features Skechers’ iconic Goga Mat® technology in the footbed. The shoe also has responsive flexibility for a more natural movement and incorporates Goga Pillars™ for added comfort.
Skechers GOrun 400 is designed to be light, comfortable and well cushioned. The 5GEN® midsole material combined with a biometric design and breathable mesh upper delivers comfort for your workout. The shoe is also lined with a unique Goga Run® insole that provides shock absorption and support.
The limited edition Skechers Performance Breast Cancer Care line is available at SKECHERS retail stores in the United Kingdom and online at Skechers.co.uk throughout October. The funds raised will support Breast Cancer Care, the only specialist UK wide charity providing support for women, men, family and friends affected by breast cancer.
Notes to Editor
To learn more about Breast Cancer Care visit www.breastcancercare.org.uk.
Learn more about Skechers Performance visit www.skechers.co.uk and follow us on Facebook (facebook.com/SkechersPerformanceUK), Twitter (twitter.com/SKXPerformance).
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 1,410 SKECHERS Company-owned and third-party retail stores, and the Company’s e-commerce website. The Company manages its international business through a network of global distributors, joint venture partners in Asia, and wholly-owned subsidiaries in Brazil, Canada, Chile, Japan, Latin America and throughout Europe. 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 and opening of new stores, the completion of the expansion and upgrade of the Company’s European Distribution Center, 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; entry into the highly competitive performance footwear market; 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; 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, 2015 and its quarterly report on Form 10-Q for the three months ended June 30, 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.
About Breast Cancer Care
When you have breast cancer, everything changes. Time becomes measured in appointments. The next scan. The next results. The next challenge.
At Breast Cancer Care, we understand the emotions, challenges and decisions you face every day. So, from the day you notice something’s not right to the day you begin to move forward, we’ll be here to help you through.
Whether you want to speak to our nurses, download our specialist information or connect with volunteers who have faced what you are facing now, we can help you feel more in control.
For care, support and information from day one, call us free on 0808 800 6000 or visit breastcancercare.org.uk
# # #
Skechers
Media:
Nicola Zachariades
[email protected]
01707 655 955
by | Sep 14, 2016 | Press Release
Sep 14, 2016 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE: SKX), a global leader in lifestyle and performance footwear, today announced that the Company has signed a new joint venture partnership for Israel with its current regional distributor, MGS Sport Trading Ltd. The joint venture, Skechers Footwear, Ltd., will enable SKECHERS to use its proven sales strategies and global infrastructure to aggressively expand the brand.
“As our distribution partner for 15 years, MGS Sport Trading has played a key role in our brand’s development throughout this region,” said Michael Greenberg, president of SKECHERS. “Over the years, they’ve built strong relationships with a network of accounts and have established our brand in the market. It’s a great time to take our business to the next level and discover the full scope of our brand’s potential.”
Added Adi Moliov, previous brand manager of MGS Sport Trading and now general manager of Skechers Footwear, Ltd., “International footwear brands are more popular than ever in Israel – in particular, stylish comfort footwear is in high demand – and we have a wonderful opportunity to boost SKECHERS’ presence. With SKECHERS’ increased investment in this region, solid infrastructure and extensive product offering for every age and activity, we can make a larger-than-ever impact. We’re thrilled to offer Israeli consumers a new generation of styles, retail destinations and campaigns showcasing their many brands.”
“We’ve had great success building our existing joint ventures, which have enabled us to pair decades of brand knowledge and infrastructure support with market insight in regions as diverse as India, China, Hong Kong and Southeast Asia,” said David Weinberg, chief operating officer and chief financial officer of SKECHERS. “Through these joint ventures, our business in these markets has grown, increasing the combined joint venture sales by approximately 80 percent in the first half of 2016 over the same period last year. We’re confident that this new joint venture will have an impact on our total sales in the next few years.”
Israel’s SKECHERS retail network will be run as joint venture stores, and currently includes six destinations, including locations in Tel Aviv and Jerusalem. Consumers can also find the brand’s lifestyle and performance footwear for men, women and kids in major retailers across Israel.
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 1,545 SKECHERS Company-owned and third-party retail stores, and the Company’s e-commerce website. The Company manages its international business through a network of global distributors, joint venture partners in Asia and Israel, and wholly-owned subsidiaries in Brazil, Canada, Chile, Japan, Latin America and throughout Europe. 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 and opening of new stores, the completion of the expansion and upgrade of the Company’s European distribution center, 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; entry into the highly competitive performance footwear market; 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; 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, 2015 and its quarterly report on Form 10-Q for the quarter ended June 30, 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 Company cannot predict all such risk factors, nor can the Company assess the impact of all such risk factors on its 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
VP of Corporate Communications
310-937-1326
[email protected]
by | Sep 1, 2016 | Press Release
Sep 1, 2016 • 8:15 am EDT
After Winning Her First Major at the 2016 KPMG Women’s PGA Championship and Finishing with a Stellar Performance in Rio, Henderson is just Getting Started
LOS ANGELES–(BUSINESS WIRE)– Skechers Performance™, a division of SKECHERS USA, Inc. (NYSX:SKX), announces today that LPGA rising star and World number three golfer, Brooke Henderson, will join the roster of elite Skechers GO GOLF athletes. The LPGA champion signed a multi-year global deal with Skechers Performance and will be featured in marketing campaigns for Skechers GO GOLF footwear.
Brooke Henderson wearing Skechers GO GOLF footwear. (Photo: Business Wire)
“From the moment I tried the shoes and tested them on the course, I immediately loved the Skechers GO GOLF line,” said Henderson, who is teeing it up this week at the Manulife LPGA Classic. “I can’t think of a better fit for me and I’m excited for the opportunity to represent the brand. The exceptional product has really helped me with my game.”
At 18 years old, Henderson returned home to her native Canada after a solid performance in Rio. One month prior to Rio, Henderson had her first Major win at the KPMG Women’s PGA Championship on June 16, 2016. As an amateur in 2014, Henderson’s 10th place tie for the 2014 Women’s US Open quickly positioned her as the top ranking woman amateur golfer in the world at the age of 16. Since her professional debut in December of that same year, Henderson has continued to climb with a current rank of number three in the world.
“We really love Brooke’s game, and her input is going to be so valuable,” said Skechers Performance Senior Vice President Merchandising/Marketing, Rick Higgins. “She’s just getting started, and we’re thrilled to be partnering with her.”
Henderson will be wearing Skechers Performance GO GOLF footwear as part of the sponsorship. Known for its innovative designs and award winning comfort, GO GOLF offers everyone from leisurely players to professional golfers a comfortable innovative shoe that can be worn on and off the course.
As Skechers Performance enters it’s fourth year with the GO GOLF line, Brooke Henderson is in excellent company, joining world-class golfers Matt Kuchar, Russell Knox, Colin Montgomerie, Billy Andrade, Belen Mozo, and Ashlan Ramsey who are Skechers GO GOLF ambassadors.
Skechers GO GOLF is available at Skechers retail stores, select retail partners including golf pro shops, and online at Skechers.com.
*SKECHERS USA, Inc. and Skechers Performance are not sponsors of the 2016 Olympics or any Olympic Events.
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 1,410 SKECHERS Company-owned and third-party retail stores, and the Company’s e-commerce website. The Company manages its international business through a network of global distributors, joint venture partners in Asia, and wholly-owned subsidiaries in Brazil, Canada, Chile, Japan, Latin America and throughout Europe. 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 and opening of new stores, the completion of the expansion and upgrade of the Company’s European Distribution Center, 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; entry into the highly competitive performance footwear market; 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; 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, 2015 and its quarterly report on Form 10-Q for the three months ended June 30, 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, Inc.
Jolene Abbott, 310-318-3100 x 4839
[email protected]
by | Aug 25, 2016 | Press Release
Aug 25, 2016 • 8:15 am EDT
Kuchar Finishes Strong, Proudly Representing the U.S. in Rio
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– Skechers Performance™–a division of SKECHERS USA Inc. (NYSE:SKX), welcomes home Skechers GO GOLF® ambassador Matt Kuchar, who represented the United States and finished with a bronze medal in the Men’s Individual Golf on Sunday, August 14, 2016. After a 112-year absence from the games, 60 athletes from around the world, including four Americans, set their sights on the historic moment to compete at the Campo Olimpico de Golfe. Kuchar was the only American to return home with a medal.
Matt Kuchar wearing Skechers GO GOLF footwear. (Photo: Business Wire)
“To hear my name announced as an Olympian was a surreal moment, and I’ll admit, there were a few more butterflies,” said the 38-year old Kuchar. “We play the sport every day, but this absolutely felt different. To be able to represent my country and to bring home a medal for the United States is the proudest moment of my career.”
Kuchar’s final day on the Rio course was one to remember, as he played the round of his life. An eagle and six birdies helped propel him to a tournament-tying record 63, one stroke out of the silver medal position and three back from gold.
“Matt encompasses what it means to be a true champion and we are thrilled to have him represent not only Skechers Performance, but the United States,” said Michael Greenberg, president of SKECHERS. “It was an inspiring moment watching him make the podium in Rio and we are so incredibly proud of his accomplishment.”
Known as one of the most consistent players on the PGA Tour® over the past 12 years, the Georgia resident was tapped by Skechers Performance as a brand ambassador and to help design Skechers GO GOLF footwear, including the shoes he wore on the course in Rio. Kuchar is joined by additional world-class golf champions who make up the Skechers GO GOLF elite team: Ashlan Ramsey, Billy Andrade, Colin Montgomerie, Belen Mozo and newcomer Russell Knox.
Skechers GO GOLF has achieved prominence in the golf industry since launching nearly four years ago, and the footwear is known for its lightweight designs, high quality comfort, and superb stability. To learn more about Skechers Performance visit GOSkechers.com or follow on Facebook (facebook.com/SkechersPerformance), Twitter (twitter.com/skechersGO) and Instagram (instagram.com/skechersperformance). Skechers GO GOLF footwear is available at Skechers retail stores, select retail partners including golf pro shops and online at Skechers.com.
*SKECHERS USA, Inc. and Skechers Performance are not sponsors of the 2016 Olympics or any Olympic events.
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 1,410 SKECHERS Company-owned and third-party retail stores, and the Company’s e-commerce website. The Company manages its international business through a network of global distributors, joint venture partners in Asia, and wholly-owned subsidiaries in Brazil, Canada, Chile, Japan, Latin America and throughout Europe. 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 and opening of new stores, the completion of the expansion and upgrade of the Company’s European Distribution Center, 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; entry into the highly competitive performance footwear market; 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; 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, 2015 and its quarterly report on Form 10-Q for the three months ended June 30, 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, Inc.
Jolene Abbott
310.318.3100 x 4839
[email protected]