by | May 28, 2015 | Press Release
May 28, 2015 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced that The Wall Street Journal (May 18, 2015) and Money.com (May 19, 2015) have both reported that the Company has moved ahead of competing footwear brands Adidas, New Balance and Asics to secure the number two brand share position in the U.S. athletic footwear market for the First Quarter 2015.
“Throughout the past year SKECHERS has focused on product development, compelling marketing, and an aggressive growth strategy that has propelled our brand, and we’re pleased to see our athletic footwear has been so well-received by U.S. consumers,” said SKECHERS president Michael Greenberg. “Earlier this month, SKECHERS’ stock rose above $100 per share for the first time in the Company’s history and we’re aiming to keep this momentum going with a diverse product line that appeals to a broad consumer audience. The global success of our walking and casual athletic footwear is driving this business growth, as well as our performance running shoes worn by elite athletes around the world, and even our flashy and colorful sport footwear collections that appeal to children and teens. Sneakers are hotter than ever in the U.S. market and in retail stores around the world, so SKECHERS will continue to deliver fresh and innovative athletic footwear designs that consumers love to wear.”
SKECHERS offers two distinct footwear categories: a lifestyle division which includes comfort-focused, trend-right product for men, women and kids, and the Skechers Performance Division which offers Skechers GOrun and Skechers GOwalk footwear.
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 120 countries and territories worldwide via department and specialty stores, more than 1,050 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 12 wholly-owned subsidiaries in Brazil, Canada, Chile, Japan 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 growth, financial results and operations, its development of new products, future demand for its products and growth opportunities, its planned opening of new stores, advertising and marketing initiatives, and the expansion plans for the Company’s European Distribution Center. 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 quarterly report on Form 10-Q for the three months ended March 31, 2015. 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 | May 21, 2015 | Press Release
May 21, 2015 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX), a global leader in footwear, today announced that David Weinberg, the Company’s Chief Operating Officer and Chief Financial Officer, will be presenting at Citi’s 2015 Global Consumer Conference to be held on Thursday, May 28, 2015 at 10:25 a.m. (Eastern Time) at the Plaza Hotel in New York City.
The presentation will be broadcast live over the Internet and can be accessed on the Investor Relations section of the Company’s website at www.skx.com. A replay of each webcast will be available for 90 days after the presentation and can be accessed at the same web address.
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 120 countries and territories worldwide via department and specialty stores, more than 1,050 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 12 wholly-owned subsidiaries in Brazil, Canada,Chile, Japan and throughout Europe. For more information, please visit skechers.com and follow us on Facebook (facebook.com/SKECHERS) and Twitter (twitter.com/SKECHERSUSA).
SKECHERS USA, Inc.
David Weinberg
Chief Operating Officer/Chief Financial Officer
(310) 318-3100
or
Investor Relations:
Addo Communications
Andrew Greenebaum
(310) 829-5400
by | May 14, 2015 | Press Release
May 14, 2015 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced that through the Company’s charitable footwear donation program, BOBS from SKECHERS, it will give more than 62,000 pairs of new shoes to support children affected by the devastating 7.8-magnitude earthquake in Nepal. This much-needed donation will add to the Company’s 11 million-pairs distributed to children in need worldwide since the BOBS charitable program launched in 2011.
Working with donation partners K.I.D.S./Fashion Delivers and Soles4Souls, more than 62,000 pairs of BOBS from SKECHERS donation shoes will be transported to Nepal to aid victims of the April 25 earthquake. The first delivery of more than 36,000 pairs is scheduled to arrive for May distribution. As more rubble is cleared and transitional housing is established for victims of the earthquake, an additional container of 26,000-plus pairs of BOBS will arrive in Nepal for distribution in August.
“BOBS was created as an ongoing program to help children in need around the world, but when a natural disaster strikes we need to step up even more to help families affected by these tragedies,” began SKECHERS president Michael Greenberg. “With reports of more than 300,000 homes destroyed, 16,000 people injured and thousands of lives lost, we need to do our part to help the people of Nepal rebuild. The need for food, water and shelter is critical, but shoes to protect a child’s feet can offer a feeling of comfort and safety in the midst of a chaotic disaster zone. We are happy to work with our charitable partners K.I.D.S./Fashion Delivers and Soles4Souls to transport BOBS shoes into Nepal, and we hope this donation will help thousands of children in need.”
“In the last three years, BOBS from SKECHERS has generously provided us with more than 6 million pairs of shoes donated for children both here in the U.S. and around the world,” said K.I.D.S./Fashion Delivers President Lisa D. Gurwitch. “These shoes are very special for us and the community partners with whom we work, because we can reliably plan on their arrival, we know how many there will be and we receive a size range to serve children from 2 years old through 12 years old. These shoes are an essential item and we strive to include them in programs where the children are also receiving other services and support so that we can be part of solution that helps the whole child.”
“Working with BOBS from SKECHERS for disaster response is powerful,” said Soles4Souls CEO, Buddy Teaster. “Working together, we were able to distribute more than 200,000 pairs of shoes following Typhoon Haiyan in 2013. Now the opportunity to help make a difference is in front of us and, once again, shoes will be an important part of helping tens of thousands of Nepalese get back on their feet.”
The BOBS donation in Nepal is SKECHERS’ latest contribution to help families affected by disaster; in addition to Typhoon Haiyan relief in the Philippines, previous donations have provided footwear for survivors of Hurricane Sandy in 2012 and victims of the devastating Haiti earthquake in 2010. 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 and kids, SKECHERS 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 and over 120 countries and territories worldwide via department and specialty stores, more than 1,050 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 12 wholly-owned subsidiaries in Brazil, Canada, Chile, Japan 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 growth, financial results and operations, its development of new products, future demand for its products and growth opportunities, its planned opening of new stores, advertising and marketing initiatives, and the expansion plans for the Company’s European Distribution Center. 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 quarterly report on Form 10-Q for the three months ended March 31, 2015. 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 | May 12, 2015 | Press Release
May 12, 2015 • 5:17 pm EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced that the Company has been named a top ten best perceived brand by mothers according to the consumer perception firm YouGov BrandIndex.*
In a poll conducted over the past three months, YouGov surveyed 20,000 mothers with children under 18-years-old. Brands were ranked using an index score which measures brand health by averaging sub-scores on quality, satisfaction, impression, value, reputation and willingness to recommend. SKECHERS secured the number eight position on the list and is the only footwear brand included in the top ten index scores for 2015.
|
|
|
|
|
|
|
|
Top Index Scores: Women, Children under 18
|
|
|
|
|
|
|
|
|
Rank
|
|
|
Brand Name
|
|
|
Score
|
|
1
|
|
|
Band-Aid
|
|
|
58.8
|
|
2
|
|
|
Amazon.com
|
|
|
58.4
|
|
3
|
|
|
Johnson & Johnson
|
|
|
52.4
|
|
4
|
|
|
M&M’s
|
|
|
52.1
|
|
5
|
|
|
Clorox
|
|
|
52.0
|
|
6
|
|
|
Dawn
|
|
|
49.7
|
|
7
|
|
|
Cheerios
|
|
|
49.4
|
|
8
|
|
|
Skechers
|
|
|
48.1
|
|
9
|
|
|
Black & Decker
|
|
|
47.9
|
|
10
|
|
|
Samsung
|
|
|
47.7
|
|
|
|
|
|
|
|
In addition, SKECHERS also had the second largest brand perception gain with mothers during the past year.
“At SKECHERS, we strive to create an innovative and diverse product line that appeals to a wide consumer audience—from moms to teens, and from working professionals to toddlers. Knowing that mothers appreciate the quality and value of SKECHERS footwear is a great testament to the Company’s accomplishments this past year,” said SKECHERS president Michael Greenberg. “SKECHERS achieved record-breaking success in 2014 with annual sales of over $2.4 billion and followed it up with our highest quarterly revenues of $768 million in the first quarter. This growth is due to a product line rich with comfortable, on-trend footwear that consumers love. The buying power of moms is indisputable, and we’re excited to continue this trajectory with many new SKECHERS product developments in the pipeline.”
YouGov BrandIndex (www.brandindex.com) is the only daily consumer perception research service of brands, taking more than 4,000 interviews every day from a representative U.S. population sample, and more than 1.5 million interviews per year. Respondents are drawn from an online panel of more than 2 million U.S. adults aged 18+.
SKECHERS offers two distinct footwear categories: a lifestyle division which includes comfort-focused, trend-right product for men, women and kids, and the Skechers Performance Division which offers Skechers GOrun and Skechers GOwalk footwear.
*YouGov BrandIndex, May 6, 2015
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 120 countries and territories worldwide via department and specialty stores, more than 1,050 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 12 wholly-owned subsidiaries in Brazil, Canada, Chile, Japan 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 growth, financial results and operations, its development of new products, future demand for its products and growth opportunities, its planned opening of new stores, advertising and marketing initiatives, and the expansion plans for the Company’s European Distribution Center. 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 quarterly report on Form 10-Q for the three months ended March 31, 2015. 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 | Apr 29, 2015 | Press Release
Apr 29, 2015 • 9:00 am EDT
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)– SKECHERS USA, Inc. (NYSE:SKX) today announced that the Company has been named Vendor of the Year by the trade publication SGI Weekly Intelligence. Citing the importance of wholesale over direct-to-consumer quantitative analysis showed a 32 percent increase in wholesale business at SKECHERS for 2014 versus the previous year—the best of all major footwear companies—as the basis for their award.
“We thought we’d take a look at the vendors who are doing the best of job of growing their wholesale business since that presumably correlates well with the interest of most retailers,” explained Sporting Goods Intelligence founder John Horan in his Deep Intelligence column.* “Not only was SKECHERS the brand with the fastest-growing wholesale business of the major brands but it was the only one that actually grew its wholesale business faster than its direct-to-consumer business.”
“For more than 20 years, SKECHERS has strived to support our wholesale and distribution partners through a diverse range of product desired by consumers everywhere and backed by consistent marketing. This has resulted in great partnerships and success stories, including those of the last two years which are driven by wholesale business that is integral to our renewed growth story,” said Robert Greenberg, SKECHERS chief executive officer. “SKECHERS has an incredible development pipeline for 2015 and beyond that we expect will continue to drive fans of our footwear collections into stores, and increase growth not only for our Company but also for our partners around the globe.”
SGI Weekly Intelligence is an online trade publication for sporting goods retailers. Published by the editorial team of Sporting Goods Intelligence, it includes the latest industry news and product info.
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 which includes Skechers GOrun and Skechers GOwalk footwear.
*SGI Weekly Intelligence, March 30, 2015.
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 120 countries and territories worldwide via department and specialty stores, more than 1,050 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 12 wholly-owned subsidiaries in Brazil, Canada, Chile, Japan 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 growth, financial results and operations, its development of new products, future demand for its products and growth opportunities, its planned opening of new stores, advertising and marketing initiatives, and the expansion plans for the Company’s European Distribution Center. 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, 2014. 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