by Zach | Dec 19, 2024 | Press Release
Dec 19, 2024 • 3:00 am EST
The Company’s Centrally-Located Retail Destination on Na Příkopě Street will Expand its Presence Among Locals and Tourists in the Czech Republic
PRAGUE–(BUSINESS WIRE)–
Skechers announced that The Comfort Technology Company® has opened a new flagship store in the center of Prague. Ideally located on the city’s High Street Na Příkopě, the destination offers an extensive offering of footwear, apparel and accessories for the entire family, including Skechers Hands Free Slip-ins® and Skechers Uno.
Skechers expands its retail presence in central Prague with its new concept store on the city’s popular High Street, Na Příkopě. (Photo: Business Wire)
Skechers expands its retail presence in central Prague with its new concept store on the city’s popular High Street, Na Příkopě. (Photo: Business Wire)
“Skechers has universally become the brand that consumers look to for style, comfort and value, everywhere they live or travel,” said Michael Greenberg, president of Skechers. “We have had great success expanding our business across Europe, most recently increasing our third quarter 2024 EMEA sales by 30 percent over last year—and see our growing consumer presence in the Czech Republic as an opportunity to build on our strong momentum in the region.”
“Skechers retail destinations are paramount to connecting our signature styles and comfort technologies with millions of consumers. They offer living galleries of our diverse product offering, and it’s a visceral experience to walk in, hold and try on styles for every age,” added Petar Dulić, general manager of Skechers CEE, Kft. “With this central retail store between Old Town and New Town Prague, we offer more accessibility and convenience than ever to locals and tourists.”
Located on a boulevard frequented by 120,000 people daily, the 596-meter store at Na Příkopě 9 showcases the brand’s new and popular lifestyle footwear collections and features dedicated Skechers Performance focal walls, apparel and accessory sections, and products for every age and activity, including fashion, sport, casual, work and children’s styles. Illuminated by natural and LED lighting designed with renewable EU-manufactured biopolymer materials, the mid-century modern space features a large video wall and sleek wraparound lightbox column positioned above a custom feature table, with a modern light fixture integrated above.
From fashion styles to lifestyle product and performance shoes for sport enthusiasts, Skechers’ offering is enhanced with the Company’s signature comfort innovations—including its Skechers Hands Free Slip-ins® Technology, Massage Fit® Technology, Skechers Arch Fit® Technology, Skechers Max Cushioning® Technology, Skechers Hyper Burst® Technology, Skechers Air-Cooled Memory Foam®, Skechers Relaxed Fit® Technology and Skechers Stretch Fit® Technology.
There are now eight Skechers retail locations in the Czech Republic, including five additional locations in Prague and stores in Modřice and Ostrava. Consumers can also shop at approximately 5,300 Skechers stores worldwide, Skechers.cz and leading retailers in the region.
About Skechers CEE, Kft. and Skechers U.S.A., Inc.
Skechers CEE, Kft. is a subsidiary of Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company® based in Southern California. Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook and Instagram.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “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 disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Media Contact:
Jennifer Clay
SKECHERS U.S.A., Inc.
[email protected]
(310) 937-1326
Source: Skechers U.S.A., Inc.
by Zach | Dec 3, 2024 | Press Release
Dec 3, 2024 • 8:50 am EST
LOS ANGELES–(BUSINESS WIRE)–
This Giving Tuesday, Skechers celebrates its latest charitable milestone: reaching $12 million in total donations since the inception of its philanthropic BOBS® from Skechers® collection in 2015. Through sales of the BOBS brand, Skechers’ contributions have now helped save and support more than 2.2 million shelter pets across the United States, Canada, the U.K. and Japan.
The philanthropic BOBS from Skechers brand has reached $12 million in total donations—funds that have saved and supported more than 2.2 million animals in need. (Photo: Business Wire)
The philanthropic BOBS from Skechers brand has reached $12 million in total donations—funds that have saved and supported more than 2.2 million animals in need. (Photo: Business Wire)
“Like so many of the animals we’ve helped save, our BOBS from Skechers journey has taken us to surprising, emotional and joyous places these past nine years,” said Michael Greenberg, president of Skechers. “We’ve really grown a movement across North America. Through our partnership with Petco Love and its 4,000-strong animal welfare organization network, we have provided much-needed grants to shelters that save dogs and cats, offered disaster relief in times of crisis, eased overcrowded shelters to give more animals a chance at survival, and given people the unconditional love of a furry friend. It’s even changed our employees as a company of pet lovers—inspiring us to organize adoption events at our stores and start our Paws for a Cause Design Scholarship, which gives consumers a chance to wear talented students’ shoe patterns and recognizes their deeply personal shelter pet stories.”
“From supporting our lifesaving mission to celebrating our Love Stories winners and recipient animal welfare partner organizations, Skechers has been there to honor the joys that come with saving lives,” added Susanne Kogut, president of national non-profit organization Petco Love. “With more than $8.4 million given to Petco Love, Skechers has dedicated its team, time and resources to rally for our extensive network of organizations, events, and causes. We are grateful for their years of commitment and look forward to saving even more shelter pets together.”
Beyond Skechers’ and Petco Love’s impact on dogs and cats in the United States and Canada, the Company’s lifesaving movement includes partnerships with Woodgreen Pets Charity in the U.K. and ALMA in Japan. Through purchases of BOBS from Skechers product as well as register round-ups at Skechers stores, the Company’s donations have funded years of adoption, vaccination, and check presentation events for animal welfare organizations.
Launched in 2023, Skechers’ Paws for a Cause Design Scholarship now offers winning students $10,000 scholarships, mentorships with Skechers leadership, and the opportunity to have their designs produced as part of the BOBS collection. Over the past year, the Company also participated in the first-ever televised Stanley Pup and Pawlympics at LA Coliseum as well as Paws in the Park in New York’s Union Square, and teamed up with Watching New York to encourage adoptions and raise awareness for shelter pets.
The BOBS from Skechers philanthropic offering of shoes, apparel and accessories is available online, at Skechers stores, and at department and specialty locations.
About Skechers U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
About BOBS® from Skechers®
BOBS from Skechers’ charitable collection of shoes, apparel and accessories have improved animals’ lives: over the past nine years, Skechers has contributed more than $12 million to help over 2.2 million shelter pets, including saving more than 1.7 million rescued animals in the United States, Canada, United Kingdom and Japan. It all started in 2011, when Skechers launched a movement to support children impacted by natural disasters and poverty—a cause that has helped the Company donate more than 16 million new pairs of shoes to kids in more than 60 countries worldwide. To learn more about BOBS from Skechers’ commitment to making a difference, visit BOBSfromSkechers.com and follow the brand on Facebook and Instagram.
About Petco Love
Petco Love is a life-changing nonprofit organization that makes communities and pet families closer, stronger, and healthier. Since our founding in 1999 as the Petco Foundation, we’ve empowered animal welfare organizations by investing nearly $400 million in adoption and other lifesaving efforts. We’ve helped find loving homes for more than 6.8 million pets in partnership with Petco and organizations nationwide. Our love for pets drives us to lead with innovation, creating tools animal lovers need to reunite lost pets, and lead with passion, inspiring and mobilizing communities and our more than 4,000 animal welfare partners to drive lifesaving change alongside us. Is love calling you? Join us. Visit PetcoLove.org or follow us on Facebook, Instagram, X, Threads, and LinkedIn to be part of the lifesaving work we lead every day.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “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 disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Jennifer Clay
SKECHERS U.S.A., Inc.
[email protected]
(310) 937-1326
Source: Skechers
by Zach | Nov 26, 2024 | Press Release
Nov 26, 2024 • 4:05 pm EST
LOS ANGELES–(BUSINESS WIRE)–
Skechers USA, Inc. (“Skechers” or the “Company”) (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference in New York City on Tuesday, December 3, 2024, at 5:45 a.m. PT / 8:45 a.m. ET.
The audio portion of the fireside chat will be available live and on replay for 90 days on the Company’s website at investors.skechers.com.
About Skechers USA, Inc.
Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in approximately 180 countries and territories through third-party retailers, marketplaces, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
Investor Relations
Sonia Reback
Eunice Han
[email protected]
Press
Jennifer Clay
[email protected]
Source: Skechers USA, Inc.
by Zach | Nov 25, 2024 | Press Release
Nov 25, 2024 • 9:00 am EST
Reid Now Starring in Skechers Hands Free Slip-ins Campaign with More to Come as He Brings the Brand’s Comfort and Convenience into the Postseason
LOS ANGELES–(BUSINESS WIRE)–
Coach Andy Reid takes his championship-winning focus and drive to another champion in its field: Skechers Hands Free Slip-ins®. As the latest Skechers ambassador, the Kansas City Chiefs leader is now appearing in a Skechers Hands Free Slip-ins print campaign that illustrates the comfort and convenience of the brand’s innovative and effortless signature footwear collection. As the Chiefs continue their dominance on the field this season, Reid will be leading both his team, as well as the next phase of his Skechers campaign to be announced in 2025.
Coach Andy Reid stars in campaign for Skechers Hands Free Slip-ins®. (Photo: Business Wire)
Coach Andy Reid stars in campaign for Skechers Hands Free Slip-ins®. (Photo: Business Wire)
“I tell our players to never get too comfortable mentally, but after standing on NFL sidelines for more than 30 years I can very much appreciate being able to kick off—or slip in—to my shoes comfortably,” said Andy Reid. “Skechers knows comfort better than anyone and these Skechers Hands Free Slip-ins are the best thing to ever happen in footwear! Who has time to worry about tying laces when we have games to win!”
“Coaching championship-caliber teams takes everything you’ve got, so anyone will understand exactly why Coach Reid appreciates the comfort and ease of Skechers Hands Free Slip-ins,” said Michael Greenberg, president of Skechers. “Only Skechers has the signature hands-free technology to help one of the most recognizable and successful active coaches in the league stay comfortable during downtime—so he’s always ready to go hands free. Plus, our innovative Skechers Slip-ins collection is perfect for fans—just step in and head to the tailgate.”
Now in the midst of his 12th season as head coach of the Kansas City Chiefs, Andy Reid previously spent 14 seasons as head coach of the Philadelphia Eagles. With a career head coaching record of 294-161-1, Reid is the only NFL coach to achieve key milestones with two different franchises: more than 100 wins as well as appearing in four consecutive conference championship games. He’s a three-time Super Bowl champion (LIV, LVII, LVIII), 2002 AP NFL Coach of the Year and three-time Sporting News Coach of the Year (2000, 2002, 2018).
Andy Reid joins a team of global Skechers ambassadors—from music icon Snoop Dogg, lifestyle legend Martha Stewart, comedian Howie Mandel, and TV and fitness personalities Amanda Kloots and Brooke Burke to former professional athletes such as Tony Romo, Howie Long, and Sugar Ray Leonard. The roster of elite pros around the world currently competing in Skechers footwear includes basketball stars Joel Embiid, Julius Randle, Terance Mann, Jabari Walker, and Rickea Jackson; golfers Matt Fitzpatrick and Brooke Henderson; soccer players Harry Kane, Mohammed Kudus and Oleksandr Zinchenko; baseball players Clayton Kershaw, Aaron Nola, Chris Taylor, Brendan Donovan, Aaron Nola, and Wade Miley; and pickleball pros Tyson McGuffin and Catherine Parenteau.
Skechers offers its complete range of footwear at Skechers retail stores and skechers.com, as well as at department stores and footwear retailers around the globe.
About Skechers U.S.A., Inc.
Skechers (NYSE:SKX), The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and TikTok.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “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 disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Media Contact:
Jennifer Clay
Skechers U.S.A., Inc.
[email protected]
Source: Skechers U.S.A., Inc.
by Zach | Nov 12, 2024 | Press Release
Nov 12, 2024 • 8:00 am EST
BRUSSELS–(BUSINESS WIRE)–
Skechers, The Comfort Technology Company®, announced the planned relocation of its European Distribution Center (EDC) operations to a larger, single-structure, state-of-the-art facility in Liège to strategically expand its business throughout the continent.
Skechers will relocate its European Distribution Center to a 200,000-square-meter facility in Liège to support the brand’s strategic expansion across Europe. (Photo: Business Wire)
Skechers will relocate its European Distribution Center to a 200,000-square-meter facility in Liège to support the brand’s strategic expansion across Europe. (Photo: Business Wire)
“Over nearly three decades of business in Europe, Skechers has established strong brand awareness and enthusiastic support for our innovative comfort technologies. The demand in EMEA for our product across channels and regions led to a 30 percent sales increase in the third quarter of 2024,” said David Weinberg, chief operating officer of Skechers. “We expect our momentum will continue as we develop more styles and make them available where consumers want to shop in Europe—be it at our more than 500 Skechers stores, e-commerce sites or our network of third-party retailers. We believe increased infrastructure and personnel will be required at our European Distribution Center as the territories serviced by the facility are expected to play a key role in our anticipated near- and long-term growth.”
“Our planned 200,000-square-meter, state-of-the-art logistics center in Belgium will allow us to increase the volume of goods shipped to meet our expected demand in the coming decade while substantially improving efficiencies—a win for consumers, customers and our workforce,” added Paul Galliher, senior vice president of global distribution. “We look forward to scaling up our operations as we launch a new era for Skechers, the third largest footwear brand in the world.”
To ensure seamless, uninterrupted operations, the Skechers EDC will start its gradual move in 2028 to the new site—which will be located minutes from Liège Airport, adjacent to major highways and just 12km from the Company’s current center. The building is being designed to be BREEAM: Excellent, and will include renewable energy features. Skechers is anticipating the need for additional employees at the facility with the planned expansion of its business and logistic capabilities.
“Skechers has been a valuable partner in Wallonia since 2002, and its announcement to relocate its European distribution center to Liège confirms Wallonia’s status as a major logistics hub in Europe. This is also good news for the economic development of our region and is expected to create direct and indirect jobs,” stated Minister of Economics HE Pierre-Yves Jeholet.
Added Yves Weerts, owner of Weerts Logistics: “Skechers will grow its current partnership with Weerts Group to develop the new site and building; it is a successful continuation of the collaboration that we have developed with Skechers over the past years.”
The EDC distributes product to Skechers-managed businesses throughout Europe, including direct to consumers through e-commerce and Skechers retail stores, third-party retailers and the Company’s regional distribution partners. The expansion is the latest advancement in Skechers’ extensive global distribution network, which includes a regional U.K. facility and centers in North and South America, China, Japan and India.
About Skechers U.S.A. Benelux B.V. and Skechers U.S.A., Inc.
Skechers U.S.A. Benelux B.V. is a subsidiary of Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company® based in Southern California. Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com and approximately 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram and YouTube.
This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “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 disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States, and the impact of wars, acts of war and other conflicts around the world; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2023 and its quarterly reports on Form 10-Q in 2024. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business 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.
Media Contact:
Jennifer Clay
Skechers Global
[email protected]
Team Lewis
Belgium Media
Mailien Nguyen
[email protected]
+32472384951
Source: Skechers U.S.A., Inc.