Skechers celebrates 17-time NCAA national champion Edward
Cheserek winning the 10K race during the Sunset Tour on Saturday in
Los Angeles—his first pro career attempt on the track at this
distance. Cheserek, who ran in custom-made prototype Skechers GO
RUN track spikes, crossed the finish line first in 27:42, which was
48 seconds faster than his previous best time at this distance set
at the 2014 NCAA Championship. This follows his recent victory at
the 5K distance with a meet-record time of 13:21 on August 22.
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Skechers elite runner Edward Cheserek
sets new PB winning the 10K at the Sunset Tour in Los Angeles.
Photo credit: Evan Barnes.
“It feels great to be racing again after the extended time off
during the pandemic, so to find my groove with the 5K win last week
and then win my first career pro 10K attempt on the track is even
better,” said Edward Cheserek. “I’m thankful for the partnership
with Skechers. I asked them for an even lighter race day shoe and
they delivered—leading to a new personal best today at this
distance six years after the collegiate championships in 2014."
“Edward continues to be a dominating force in running, and we’re
lucky to have him on our team racing in Skechers GO RUN footwear,”
said Michael Greenberg, president of Skechers. “The combination of
his power, strength and dedication plus our footwear has given
Edward the competitive edge he needs to succeed. We’re proud to be
part of his journey as the sport gets back in gear building up to
Tokyo next summer.”
Originally from Kenya, Cheserek attended Saint Benedict’s
Preparatory School in New Jersey, where he was named the Gatorade
2013 National Cross Country Runner of the Year, before choosing to
continue his collegiate career at distance running powerhouse,
University of Oregon. In 2013, Cheserek became the first freshman
in school history to win the NCAA National Cross Country
Championships, and would then go on to repeat as cross country
champion in his sophomore and junior years. By the end of his
collegiate career, Cheserek was the winningest male athlete in NCAA
Division I athletics’ history with a combined 17 national
championships in cross country plus indoor and outdoor track and
field. After going pro in September 2017, he set a new PR in the
indoor mile with a win at the 2018 Boston University Valentine
Invitational. Wearing custom Skechers GO RUN racing spikes, his
time of 3:49.44 placed him at #2 all-time on the world record list
for that distance. In April 2019, Cheserek won the Carlsbad 5000 in
13:29, tying the IAAF road world record and achieving a new road 5K
personal best.
Since its debut with the first model of Skechers GO RUN worn by
Meb Keflezighi in 2012, Skechers Performance footwear has earned
respect throughout the running world and won numerous awards within
the footwear industry—including 10 editorial awards in 2019
alone.
The entire Skechers GO RUN collection for men and women is
available at Skechers retail stores and skechers.com as well as
select retail partners.
About Skechers USA, Inc.
Based in Manhattan Beach, California, Skechers (NYSE: SKX)
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 the United
States and over 170 countries and territories via department and
specialty stores, and direct to consumers through 3,615 Company-
and third-party-owned retail stores and e-commerce websites. The
Company manages its international business through a network of
global distributors, joint venture partners in Asia, Israel and
Mexico, and wholly-owned subsidiaries in Canada, Japan, India,
Europe and Latin America. For more information, please visit
about.skechers.com and follow us on Facebook, Instagram, Twitter,
and TikTok.
This announcement contains forward-looking statements that are
made pursuant to the safe harbor provisions of 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 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 disruption of business and
operations due to the COVID-19 pandemic; international economic,
political and market conditions including the challenging consumer
retail markets in the United States; 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, 2019 and its quarterly report on Form 10-Q for the three months
ended June 30, 2020. More specifically, the COVID-19 pandemic has
had and is currently having a significant impact on Skechers’
business, financial conditions, cash flow and results of
operations. Forward-looking statements with respect to the COVID-19
pandemic include, without limitation, Skechers’ plans in response
to this pandemic. At this time, there is significant uncertainty
about the COVID-19 pandemic, including without limitation, (i) the
duration and extent of the impact of the pandemic, (ii)
governmental responses to the pandemic, including how such
responses could impact Skechers’ business and operations, as well
as the operations of its factories and other business partners,
(iii) the effectiveness of Skechers’ actions taken in response to
these risks, and (iv) Skechers’ ability to effectively and timely
adjust its plans in response to the rapidly changing retail and
economic environment. 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.
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Jennifer Clay Skechers jennc@skechers.com
Skechers USA (NYSE:SKX)
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