SKECHERS Opens 1,000th Retail Store
November 12 2014 - 9:00AM
Business Wire
Skechers Retail Stores Now Located in More
Than 75 Countries Worldwide
After winning the 2014 Company of the Year award from Footwear
News and experiencing third quarter 2014 growth that resulted in
the Company’s highest quarterly revenues in its history, SKECHERS
achieved a new milestone: the opening of the one thousandth
SKECHERS retail store.
A new SKECHERS retail store that opened
in California in 2014 (Photo: Business Wire)
The far-reaching locations of SKECHERS stores around the world
illustrate the extensive global reach of the brand across six
continents and more than 75 countries. The Company hit the
thousandth store mark with the opening of a new store in Mexico
City today, preceded by an additional store opening in Mexico
earlier this week and two in California last week.
“When we opened the first SKECHERS retail store almost 20 years
ago, it was hard to imagine we’d one day hit this amazing milestone
that truly showcases our global reach,” said Michael Greenberg,
president of SKECHERS. “Being profitable marketing vehicles, every
SKECHERS store is a living, breathing catalog that offers consumers
the largest assortment of SKECHERS, and now we’re improving that
experience with an omnichannel approach to retail in our domestic
market. As a key component of our distribution model, SKECHERS
retail stores strategically grow our footprint and combine with
marketing to support our wholesale business and build brand
awareness worldwide.”
The first SKECHERS retail store opened in 1995 down the street
from the Company’s Manhattan Beach, CA, corporate headquarters, and
the first international stores opened in 2001 in Paris, London and
Tokyo. The Company continued its global expansion, opening in new
markets each year, including earlier this year with its first
stores in Angola, Algeria, Belarus, Georgia, Latvia, Libya and
Romania to be followed by Slovakia, Nepal and Zimbabwe later this
year. By the end of 2014, an additional 35-45 SKECHERS stores will
open worldwide bringing our total to approximately 1,050 stores.
The look and feel of the SKECHERS company-owned and franchisee
stores is consistent around the world.
SKECHERS offers an assortment of more than 3,000 lifestyle and
performance footwear styles for men, women and kids. The Company
raises awareness for its collections through celebrity endorsees
that currently include: iconic drummer Ringo Starr, multi-platinum
recording artist Demi Lovato, English model and actress Kelly
Brook, TV personality Brooke Burke-Charvet, country music star
Danielle Bradbery, legendary quarterbacks Joe Montana and Joe
Namath, as well as baseball stars Pete Rose and Mariano Rivera. In
addition, 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, 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.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141112005305/en/
SKECHERS USA, Inc.Jennifer Clay, 310-937-1326
Skechers USA (NYSE:SKX)
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