SKECHERS Added to the S&P MidCap 400 Index®
July 02 2015 - 9:00AM
Business Wire
SKECHERS moves up from S&P SmallCap
600®
SKECHERS USA, Inc. (NYSE:SKX), a global leader in footwear,
today announced that the Company has been added to the S&P
MidCap 400 Index®, effective as of the close of trading Tuesday,
June 30, 2015.
“We are pleased to be added to the S&P MidCap 400 Index®,
which reflects our continued positive momentum across our global
business,” commented David Weinberg, Chief Operating Officer and
Chief Financial Officer. “This selection by S&P recognizes our
strong growth and leading position in the footwear sector and our
ability to deliver shareholder value.”
The S&P MidCap 400® provides investors with a benchmark for
mid-sized companies. The index, which is distinct from the
large-cap S&P 500®, measures the performance of mid-sized
companies, reflecting the distinctive risk and return
characteristics of this market segment.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial,
is the world’s largest, global resource for index-based concepts,
data and research. Home to iconic financial market indicators, such
as the S&P 500® and the Dow Jones Industrial Average®, S&P
Dow Jones Indices LLC has over 115 years of experience constructing
innovative and transparent solutions that fulfill the needs of
investors. More assets are invested in products based upon our
indices than any other provider in the world. With over 1,000,000
indices covering a wide range of asset classes across the globe,
S&P Dow Jones Indices LLC defines the way investors measure and
trade the markets.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150702005217/en/
Company Contact:SKECHERS USA, Inc.David Weinberg,
310-318-3100Chief Operating Officer/Chief Financial
OfficerorInvestor Relations:Addo CommunicationsAndrew Greenebaum,
310-829-5400
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