by | Dec 2, 2013 | Press Release
Dec 2, 2013 • 9:05 am EST
Football Legend and Billionaire Entrepreneur Will Continue to Appear in Relaxed Fit® Footwear Campaigns
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) announces that two of its veteran all-stars will remain on the team representing the high-performing men’s Relaxed Fit® from SKECHERS footwear line. Hall of Fame quarterback Joe Montana and billionaire entrepreneur Mark Cuban will be seen in humorous campaigns throughout this holiday season.
Joe Montana in SKECHERS Relaxed Fit footwear (Photo: Business Wire)
Joe Montana, now signed through 2015, takes a trip to the boardwalk in his recently wrapped SKECHERS TV ad that hits the airwaves in Spring 2014. Montana’s daughter Elizabeth also appears in the campaign alongside her famous father. “It’s great to carry on this relationship and I know I can keep delivering for the team,” said Montana, who began his partnership with SKECHERS in 2010. “It was a fun experience working with my daughter on set, and I think people will love how the finished campaign turned out. Relaxed Fit footwear is comfortable and classic—I love these shoes!”
Now an integral member of the SKECHERS team, Montana constantly impresses with his unrelenting talent and ability to stay totally relaxed under pressure—something he illustrated stopping a crime-in-progress in his currently airing Relaxed Fit TV spot.
Renowned for owning the Dallas Mavericks and his role as a Shark on ABC’s Shark Tank, Mark Cuban proved his value to the team in his humorous Relaxed Fit footwear commercial about skinny jeans. On his contract extension through 2014 Cuban noted, “I always stick with brands I love, so I’m excited to be on this team for another year.”
“It’s thanks to Joe’s elite status and Mark’s outrageous personality that we’ve been able to reach men who are looking for comfortable and casual footwear,” said Michael Greenberg, president of SKECHERS. “Relaxed Fit from SKECHERS has been a huge success for us, so keeping Joe and Mark on board was a no-brainer. They’re both an integral component of our plans moving forward.”
Relaxed Fit from SKECHERS footwear offers fashionable appeal with a spacious design that features a roomier fit, a unique Skechers Memory Foam footbed and instant comfort. The men’s footwear line is available in SKECHERS retail stores as well as department and footwear stores 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 via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company’s international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit www.skechers.com, and follow us on Facebook (www.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 financial results and operations, its development of new products, future demand for its products and growth opportunities, and its planned advertising and marketing initiatives. Forward-looking statements can be identified by use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; 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, 2012 and its quarterly report on Form 10-Q for the three months ended September 30, 2013. 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
by | Nov 27, 2013 | Press Release
Nov 27, 2013 • 3:00 am EST
Investment in new technology prepares EDC for future expansion
LIÈGE, Belgium–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global footwear company based in the United States, announces a major investment and technology upgrade to its European Distribution Centre in Milmort that will improve performance and prepare the facility for future expansion plans.
The centrepiece of this upgrade is an automated order-picking system that will more efficiently manage the Company’s business. This investment will consolidate positions at the EDC and the employment in the area of Liège, as Skechers is one of the main logistical sector employers in the region.
The Skechers EDC was inaugurated in 2002 over a surface area of 21,000 m2. At the time, it employed only three people and a number of temporary workers, depending on the periods of peak and off-peak activity. The continued growth of Skechers on the European market resulted in an extension of the building in 2009 with 23,000 m2 of additional space. In 2013, the volumes of goods have been four times higher than in 2002 and the employment increased up to 150 full-time equivalents.
The Skechers EDC receives goods coming from China via the port of Antwerp. The goods are then stored at the EDC until they are redistributed to European markets. The customers of the EDC are local distributors, Skechers stores (of which there are 29 in Europe) and specialised chains that choose to receive their deliveries either at their own regional distribution centres or directly at individual stores.
An investment for the future
The work of preparing orders for each customer consists of selecting the number of pairs ordered according to a triple specification of style / colour / size. Presently, this process is manual: the operator must navigate the 45,000 m2 of shelves and pull the merchandise to be shipped.
This manual working method is no longer appropriate for the growing volumes that the EDC is handling now, and expects to continue to process. “We have hit a ceiling in terms of productivity,” said Sophie Houtmeyers, Skechers EDC Vice President Distribution Operations. “We will reorganise the two existing buildings with an automated sorting system in order to increase the storage capacity with narrow aisles and manage the picking and packing of footwear. This automated system is largely inspired by what Skechers developed in its new North American distribution centre in Rancho Belago, California.”
Together with Wynright, the Company’s logistics integrator, SKECHERS will install a sorting and shipping system that will be linked together by conveyor belts. Pairs will be grouped at packing stations into final shipping cartons and conveyor belts will transport each carton between operational departments. Once the order is completed (which may require an additional label specific to the customer) it is palletised and ready to ship.
A new foundation for expansion
The investment in this installation increases the productivity of the EDC, a necessary change as the Company continues to grow in Europe, and plans for future growth in the region. This will also provide for the improvements needed as the Company establishes its e-commerce business in several key European countries.
Above all, this upgrade shows a sign of trust from Skechers in Liège as an operations hub. “Thanks to the efforts of our personnel, we have achieved very good results in terms of the flexibility and reliability of the deliveries to customers, and this investment will allow us to expand our operations and utilize a skilled workforce in the execution of our European logistics operations,” said Houtmeyers.
Real perspectives for expanding Skechers EDC (European Distribution Centre) operations are possible in the medium term. An 8-hectare plot of land located behind the existing centre has already been the subject to a call option.
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 via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company’s international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit www.skechers.com, and follow us on Facebook (www.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 financial results and operations, its development of new products, future demand for its products and growth opportunities, and its planned advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; 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, 2012 and its quarterly report on Form 10-Q for the three months ended September 30, 2013. 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
Sophie Houtmeyers
+32 4 228 62 29
by | Nov 14, 2013 | Press Release
Nov 14, 2013 • 9:05 am EST
Contribution to Mark the Six-Million-Pair Donation Milestone for the Footwear Company
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced that through the Company’s charitable shoe program, BOBS from SKECHERS, it will give more than 200,000 pairs of new shoes to support the children affected by Typhoon Haiyan in the Philippines. This much-needed donation will mark the Company’s sixth million-pair milestone since the BOBS brand launched in 2011.
Working with donation partner Soles 4 Souls, nine containers with an estimated 213,000 pairs will be delivered over the first two weeks of December through several established charity organizations.
“The BOBS program was established to help children in need around the world – be it those struggling to survive daily, or who find themselves in the path of natural disasters,” began Michael Greenberg, president of SKECHERS. “But with Typhoon Haiyan, it hits home. We have a strong distribution partner in the Philippines who we have worked with for two decades, and I have heard from numerous members of our SKECHERS team in the U.S. that they have family in the region impacted by this disaster. With thousands of lives lost and more than a half million homeless, we understand the need for assistance – from food and water to protection for their feet. This is why we developed BOBS, and I hope that our shoes will help the thousands of children in need.”
The Typhoon Haiyan shoe donation is SKECHERS’ latest contribution to families affected by disaster; other recent events include donations for the survivors of Hurricane Sandy, the Oklahoma tornado and the Haiti earthquake. BOBS also regularly donates its product to more than 30 countries worldwide, from communities in need in the United States to families around the globe.
Designed for women, men and children, BOBS donates new shoes to children in need when consumers purchase BOBS. Those who want to make a difference can find BOBS styles in stores nationwide and markets around the world.
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 via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company’s international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit www.skechers.com, and follow us on Facebook (www.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 financial results and operations, its development of new products, future demand for its products and growth opportunities, and its planned advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; 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, 2012 and its quarterly report on Form 10-Q for the three months ended September 30, 2013. 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
by | Nov 6, 2013 | Press Release
Nov 6, 2013 • 8:55 am EST
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global footwear leader, today announced that SKECHERS GO, its line of technical footwear under the Skechers Performance Division, was named Brand of the Year by the leading trade publication Footwear News in its annual FN Achievement Awards. The Division’s big successes in 2013 include Skechers GOwalk, Skechers GOrun 2 and Skechers GOrun ride 2.
“We couldn’t be more proud of our Skechers GO line of footwear being named as Brand of the Year by Footwear News,” said Michael Greenberg, SKECHERS President. “SKECHERS has been a leader in the men’s, women’s and kids’ lifestyle footwear arena for more than 20 years, but to now receive this honor for our Performance Division really is an incredible accomplishment and a testament to our determination to make true technical footwear relevant to today’s runners and athletes.”
At the foundation of Skechers GO are innovative technologies and materials like GOimpulse sensors and Resalyte cushioning. Offerings include the next generations of Skechers GOrun, Skechers GOrun ride, Skechers GOwalk, Skechers GOtrain, Skechers GOgolf, the casual Skechers on-the-GO, as well as Skechers GOmeb—the official shoe of America’s top marathon runner, Meb.
“When we launched Skechers GOrun two years ago, we knew we were on to something big as Meb set a new personal best wearing our shoes at the New York Marathon,” began Rick Higgins, VP of Merchandising/Marketing for the Skechers Performance Division. “Since then, more personal records have been broken, the Skechers GO product has earned 13 awards from leading running publications around the world, and we have grown our offering to include a walking business that has consistently been a top seller across the country and in numerous global markets.”
“As we strategically continue to build the division, we know this is just the beginning,” added David Raysse, Vice President of Design for the Skechers Performance Division. “We are focused on continuing to innovate and are excited about our newest product offerings.”
Greenberg continued: “Skechers GO is just one of our success stories. We have key styles across all of our product platforms, with Skechers Kids, Relaxed Fit from Skechers and BOBS from Skechers all driving us forward. In the third quarter, this demand resulted in a 20 percent increase in our net sales, making it the second highest quarter in the company’s history. By our strong in-coming order rates and double-digit backlogs, we see this positive momentum continuing. We are firing on all cylinders – product, distribution and marketing – and believe we have the right product to build on our success.”
Working closely with Meb as well as other leading runners and experts, the Skechers Performance Division designs, develops and markets technical running, trail, golf, walking and casual footwear under the Skechers GO name. Skechers Performance is the official footwear and apparel sponsor of the Chevron Houston Marathon. Skechers GO footwear for men and women is available in sporting goods, department and specialty athletic stores around the world. Learn more at skechersperformance.com and follow the Skechers Performance Division on Facebook (facebook.com/SkechersPerformance) and Twitter (twitter.com/skechersGO).
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 via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company’s international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit www.skechers.com, and follow us on Facebook (www.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 financial results and operations, its development of new products, future demand for its products and growth opportunities, and its planned advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; 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, 2012 and its quarterly report on Form 10-Q for the three months ended June 30, 2013. 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
by | Nov 5, 2013 | Press Release
Nov 5, 2013 • 8:55 am EST
Award-Winning Athletic Footwear Brand Expands Partnership with Champion Distance Runner
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) announces a new, multi-year agreement with famed distance runner, Meb Keflezighi, under the Skechers Performance Division. Meb will continue as the official brand ambassador for the GOrun line of athletic footwear through 2016.
Elite marathoner Meb Keflezighi in Skechers Performance footwear. (Photo: Business Wire)
The ongoing partnership is a testament to Skechers Performance Division’s commitment to the category and dedicated focus on developing innovative technical shoes in the GOrun platform specifically for runners—ranging from serious elite runners to weekend warriors.
“Our relationship with Meb has been instrumental in elevating Skechers Performance and GOrun into the award-winning line that it is today,” said Michael Greenberg, SKECHERS President. “Meb’s hands-on approach, tireless commitment and genuine love of the brand and products have further solidified our partnership, and we are looking forward to future successes, both for SKECHERS and Meb, in the years to come.”
Originally signed in 2011, Meb’s role has evolved from appearing in media campaigns and racing in Skechers Performance footwear (in which he has won multiple accolades including the Houston Trials in 2012 and the first American finisher in London) to a deeper integration with the brand in the design and development process.
Rick Higgins, Vice President of Merchandising/Marketing for Skechers Performance Division said: “We really have enjoyed working with Meb—he’s aided us tremendously with our specialty running accounts, and we are excited to launch a new product line, Skechers GO MEB, for our segmented distribution.” Meb’s namesake line will serve as the elite running platform and consists of the GO MEB Speed 2, Meb’s official racing shoe, and the GO MEB Strada, Skechers Performance Divisions’ first 8mm neutral running shoe. The line will be targeted for specialty accounts and priced from $90-$140.
Additionally, Meb will continue to appear in media with an expanded global marketing campaign for print, broadcast and digital. He will also continue working hand-in-hand with the Skechers Performance Division in testing and developing new products in the Skechers GOrun category.
“I’m grateful for Skechers’ unconditional support during the last few years, and I am so excited to be working with the Performance Division for three more years,” said Meb. “If it wasn’t for the support and Skechers GOrun midfoot technology, I may not have won the 2012 Olympic Trials, finished 4th in the 2012 Olympics Games and run two personal bests in the marathon. I run to get the best out of myself and to inspire others to do the same. I am thankful to Skechers for giving me the support I need to do what I love.”
Skechers Performance products are available in sporting goods, department, specialty athletic stores, and SKECHERS stores around the world. Learn more at skechersperformance.com and follow us on Facebook (facebook.com/SkechersPerformance), Twitter (twitter.com/skechersGO) and Instagram (instagram.com/skechersperformance).
ABOUT MEB
On November 1, 2009, during the 40th running of the New York City Marathon, Mebrahtom Keflezighi (pronounced Kef-lez-ghee), better known as just Meb, secured a place in history by becoming the first American since Alberto Salazar in 1982 to win the largest marathon in the world. His journey to the pinnacle of distance running has been called one of the best illustrations of the American Dream. A graduate of UCLA, Meb won four NCAA titles in one year and earned his B.A. in communication studies with a specialization in business. Meb is an Olympic silver medalist (Athens 2004) and a three-time national champion in cross-country running (2001, 2002, and 2009). He is the author of “Run To Overcome,” about his journey from humble beginnings in Eritrea to winning the New York City Marathon and is also the founder of the MEB Foundation (Maintaining Excellent Balance) to promote health, education and fitness. He lives in California, with his wife and their three daughters. For more information visit www.MarathonMeb.com and follow him on Facebook (facebook.com/MarathonMeb) and Twitter at twitter.com/RunMeb).
ABOUT SKECHERS USA, INC.
SKECHERS USA, Inc. (NYSE: SKX), based in Manhattan Beach, California, designs, develops and markets a diverse range of footwear for men, women and children under the SKECHERS name. SKECHERS footwear is available in the United States via department and specialty stores, company-owned SKECHERS retail stores and its e-commerce website, and over 100 countries and territories through the company’s global network of distributors and subsidiaries in Brazil, Canada, Chile, Japan and across Europe, as well as through joint ventures in Asia. For more information, please visit www.skechers.com and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
This announcement may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or simply state future results, performance or achievements, and 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 includethe resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; 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, 2012 and its quarterly report on Form 10-Q for the three months ended June 30, 2013. 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 x4839
[email protected]
by | Oct 29, 2013 | Press Release
Oct 29, 2013 • 3:42 pm EDT
Jimmy Kimmel, Brooke Burke-Charvet, Tommy Lasorda and Nickelodeon Turn Out to Raise Awareness at Record-Breaking Event
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– The SKECHERS Foundation today announced that it raised a record $1 million for children with special needs and education through the 2013 SKECHERS Pier to Pier Friendship Walk. With presenting sponsor Nickelodeon and celebrities Jimmy Kimmel, Brooke Burke-Charvet and Tommy Lasorda leading the charge this past Sunday, the fifth annual SKECHERS Pier to Pier Friendship Walk also saw a record 10,000-plus walkers, making it the largest event of its kind for these causes in Southern California.
Tommy Lasorda, Michael Greenberg, Brooke Burke-Charvet and Jimmy Kimmel attend the SKECHERS Pier to Pier Friendship Walk (Photo: Business Wire)
“It’s amazing for me to see so many people rally together, lending a hand and helping one another for something that’s so important – the educational systems and children with special needs,” said Brooke Burke-Charvet, who attended her fourth year of the walk with husband David Charvet and their four children. “I’ve been a member of the SKECHERS family for nearly twenty years. It’s an honor to be here, and I’m so proud to participate in this event.”
“Every October since 2009, we’ve brought a growing community of caring people and an amazing network of local and national sponsors together to raise much needed funds and positively impact children with special needs as well as students in our schools,” began SKECHERS president Michael Greenberg. “We started this event with the idea that if everyone does a little, we all benefit a lot, and in the weeks leading up to the Walk, thousands of people did much more than a little. And on Sunday, I saw giving in action. I saw schools rally together. I saw extended families, celebrities, and friends walking together. I saw our community and globally-recognized companies giving for our kids. Steel Partners Foundation joined us in a donation totaling $73,000 on Sunday to help us reach our million-dollar goal. The generosity of all made this possible.”
Greenberg added: “Through this extensive support, we’ve been able to transform the lives of those involved in The Friendship Circle, nurturing the abilities and talents of the children with special needs and creating strong friendships with the many teen volunteers. And we have been able to save programs and provide supplies to our schools. The SKECHERS Pier to Pier Friendship Walk has truly become more than an annual event. It has become a way to truly make a difference, a way for many to make a positive change. And I couldn’t be more proud.”
The SKECHERS Pier to Pier Friendship Walk brought numerous celebrities moved by the cause: Brooke Burke-Charvet, Dancing with the Stars co-host, mother and long-time friend to SKECHERS; Jimmy Kimmel, late-night talk show host and friend to The Friendship Circle; legendary Hall of Fame baseball manager Tommy Lasorda, a member of the Pier to Pier Walk’s Board of Directors who has appeared at the walk every year since its inception; and actress, singer and Nickelodeon star Ashley Argota, who closed the opening ceremony celebration with a stellar performance of the national anthem.
The SKECHERS Pier to Pier Friendship Walk is now Southern California’s largest event supporting children with special needs and education. Since its start, the walk has raised nearly $3 million to support The Friendship Circle, as well as help save teachers’ jobs, retain vital educational programs, maintain smaller class sizes, improve libraries and upgrade school technology.
In addition to presenting sponsor Nickelodeon, the SKECHERS Pier to Pier Friendship Walk thanks sponsors that include: Steel Partners Foundation, Wells Fargo, Zappos.com, Ross, Rack Room, DSW, United Legwear, Marshalls, Toyota, WSS, Journeys, Chevron, Premiere Displays & Exhibits, Body Glove, Dealer.com, DirecTV, Equinox, Union Bank, Michael Stars, Microsoft, Viva International Group, Northrop Grumman, Honda, Fresh Brothers, Shade Hotel, Murad, Finish Line, Fair Fashion Media, Foot Locker, OK! Magazine and many others who have provided funds and support to provide a better future for children. For more information about SKECHERS Pier to Pier Friendship Walk, please visit www.skechersfriendshipwalk.com, or www.facebook.com/SKECHERSFriendshipWalk.
ABOUT SKECHERS Foundation
The SKECHERS Foundation was established to provide families around the world with the necessities and skills to succeed in life. In addition to organizing the SKECHERS Pier to Pier Friendship Walk, the SKECHERS Foundation funds tax-exempt, 501(c)(3) nonprofit organizations that provide education and job training, shoes, clothing, fitness and nutrition guidance to communities in need.
ABOUT The Friendship Circle
The Friendship Circle is a non-profit organization that assists children with special needs and their families through one-on-one peer mentoring and social recreational programming (www.gotfriends.com).
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 via department and specialty stores, Company-owned SKECHERS retail stores and its e-commerce website, and in over 100 countries and territories through the Company’s international network of subsidiaries in Canada, Brazil, Chile, Japan, and across Europe, as well as through joint ventures in Asia and distributors around the world. For more information, please visit www.skechers.com, and follow us on Facebook (www.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 financial results and operations, its development of new products, future demand for its products and growth opportunities, and its planned advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will be,” “will continue,” “will result,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the resignation of the Company’s former independent registered public accounting firm, and its withdrawal of its audit reports with respect to certain of the Company’s historical financial statements; international, national and local general economic, political and market conditions including the ongoing global economic slowdown and market instability; 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, 2012 and its quarterly report on Form 10-Q for the three months ended June 30, 2013. 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.
Stacey Kammerzell
310.318.3100
