SKECHERS Named Company of the Year by Footwear News
October 27 2014 - 9:30AM
Business Wire
SKECHERS USA, Inc. (NYSE:SKX), a global leader in the footwear
industry, today announced that it has been named 2014 Company of
the Year by the leading trade publication Footwear News in its
annual FN Achievement Awards. This prestigious honor follows
Footwear News naming Skechers GO as Brand of the Year at the awards
in 2013.
“We are truly honored to be named Company of the Year by
Footwear News. When SKECHERS first won this top award in 1998, we
felt the Company was in an incredible position with great growth
potential as a leader in the lifestyle footwear world,” began
Michael Greenberg, president of SKECHERS. “That proved to be true,
but 16 years later SKECHERS is a different brand and company. We
have redefined our brand with innovative lines that make comfort
stylish, and our global sales driven by our in-demand
footwear—coupled with this Company of the Year recognition—is a
testament to the entire organization that has made this happen, as
well as our supportive partners around the world.”
“SKECHERS continues to demonstrate complete mastery of the
marketplace by offering the right product at the right price at the
right time,” said Michael Atmore, Editorial Director, Footwear
News. “A strong management team and powerful numbers reflect a
tightly run organization that knows how to mine every opportunity
in a rapidly changing retail environment.”
“With three consecutive record quarters, SKECHERS is on track to
reach a new annual revenue record for 2014. This is due to our
diverse product offering and on-target marketing that has lead to
growth in our domestic and international wholesale businesses plus
our Company-owned retail business,” said Robert Greenberg, CEO of
SKECHERS. “We are designing the most innovative collection of
footwear in the Company’s history. We have a respected and
recognized group of celebrities that are now supporting our brand –
from sports legends like Joe Namath and Meb Keflizighi, to music
powerhouses like Demi Lovato and Ringo Starr, among others. We are
proud of all that we have achieved, but we believe this is just the
beginning. We won’t be resting on the laurels of this success as we
plan to continue running full throttle across the board to make
2015 our best year ever.”
SKECHERS offers two distinct footwear categories: a lifestyle
division which offers comfort-focused trend-right product for men,
women and kids including Relaxed Fit®, Skechers Memory Foam
footwear and the philanthropic line BOBS from SKECHERS, and the
Skechers Performance Division which includes Skechers GOrun and
Skechers GOwalk footwear.
Celebrity product endorsees for SKECHERS' collections include
legendary drummer Ringo Starr, multi-platinum recording artist Demi
Lovato, model and actress Kelly Brook, TV personality Brooke
Burke-Charvet, legendary quarterbacks Joe Montana and Joe Namath,
baseball stars Pete Rose and Mariano Rivera, as well as The Voice
winner Danielle Bradbery. In addition, elite marathon champion and
Boston Marathon winner Meb Keflezighi, elite runner Kara Goucher,
and pro golfer Matt Kuchar represent the Skechers Performance
Division.
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 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, backlogs and 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 and
automation 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 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, 2013,
and its Form 10-Q for the quarter ended June 30, 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
Skechers USA (NYSE:SKX)
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