SKECHERS’ Running and Children’s Product Wins 2013 Design Excellence Awards from Footwear Plus Magazine

SKECHERS USA, Inc. (NYSE:SKX), a global leader in lifestyle footwear, today announced that it has won the 2013 Running Design Excellence and Children’s Design Excellence awards as part of Footwear Plus magazine’s annual Plus Awards. This honor marks SKECHERS’ first running award from Footwear Plus, and the second for the Kids design category.

The Plus Awards, which were presented yesterday in New York, are nominated and voted on annually by footwear retailers nationwide in recognition of the industry’s most compelling product offerings.

“It’s a tremendous honor to receive these awards for our company’s performance and lifestyle categories,” said Michael Greenberg, president of SKECHERS. “Since the launch of the Skechers Performance division in 2011, we’ve developed innovative, never-before-seen designs for the performance world, and we’re excited to receive enthusiastic responses from both the footwear and running industries, including Footwear News’ December announcement of Skechers GO as 2013 Brand of the Year.

“That the industry feels we’ve been able to do this while continuing to strengthen our legacy as a lifestyle and kids’ footwear brand is a huge motivation for our team,” continued Greenberg. “We’re inspired by our peers’ support of these achievements, and look forward to bringing even more exciting product to market in the years to come.”

“SKECHERS has earned numerous accolades from the Plus Awards over the years –winning Company of the Year five times, and multiple design awards for men’s, women’s and children’s product,” added Greg Dutter, Editorial Director of Footwear Plus magazine. “And winning the Plus Award in such traditionally independent brand categories as running and children’s product is a true testament to the Company’s determination to connect with more consumers through relevant, innovative product. We look forward to seeing how else they’ll redefine our industry.”

SKECHERS’ previous Footwear Plus awards include the Company of the Year Award in 2005, 2006, 2008, 2009 and 2010, and Plus Awards for Design Excellence in 2000 for Young Women’s Fashion, in 2001 for Women’s Streetwear, and in 2002 for Kids’ Fashion. SKECHERS also won Plus Awards for Design Excellence in Men’s Streetwear in 2005 and 2006 for its fashion brand Marc Ecko.

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 (https://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, as amended, on Forms 10-K and 10-K/A for the year ended December 31, 2012 and its quarterly report on Form 10-Q for the three months and nine 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

Skechers USA (NYSE:SKX)
Historical Stock Chart
From Apr 2024 to May 2024