Latest Donations Include Footwear for Those
Impacted by the California and Oregon Wildfires, Hurricane Laura in
Louisiana, and the Beirut Port Explosion
With 105,000 pairs of BOBS from Skechers donation clogs en route
to Lebanon, Romania and Nicaragua, Skechers has now given more than
16,000,000 new pairs of shoes to children in need globally. Recent
donations include footwear and other items to victims of the
wildfires in the West, hurricanes in the South, and the port
explosion in Beirut, Lebanon, as well as planned distributions to
economically impacted communities in Greater Toronto, Chicago and
New York City.
“At more than 16 million pairs donated, the BOBS from Skechers
movement has provided needed footwear to children around the world
for nearly a decade,” said Michael Greenberg, president of
Skechers. “This year, entire towns have been decimated in West
Coast fires and Hurricane Laura in Louisiana, and families have
lost their homes and possessions in the midst of a pandemic.
Together with devastated cities like Beirut, it’s critical that we
help individuals struggling during these challenging times.”
In partnership with Soles4Souls, Skechers has created multiple
outlets for giving—sending the United Way more than 11,000 items
such as new shoes, backpacks and socks for homeless families in
Santa Cruz’s CZU August Lightning Complex fires in California and
Almeda fires in Oregon, and providing more than a thousand pairs of
shoes to those severely impacted in St. Charles, Louisiana for
distribution through Good 360.
Skechers is also distributing donation shoes to Beirut’s
children through nonprofit organization Ahla Fawda with Soles4Souls
and Cisco, sending more than 52,000 new pairs to the city for
arrival the last week of October. This year alone, the Company has
partnered with numerous agencies to support affected communities in
Europe, Canada, and Central America.
“Skechers has been a dedicated global partner for many years—and
they’re committed to overcoming obstacles like Beirut’s destroyed
port to supply goods to children in hard-to-reach areas,” said
Buddy Teaster, CEO and president of Soles4Souls. “Their shoes offer
a practical way to protect these children’s feet during their
day-to-day lives and instill hope in them in a very difficult
year.”
Through its BOBS from Skechers program and corporate efforts,
the Company has given shoes, goods and monetary relief to victims
in numerous natural disasters, including the 2018 California fires
and Hurricanes Katrina, Harvey, Irma and Maria. The BOBS from
Skechers program donates new shoes to children in need in the
United States and more than 60 countries worldwide through
education foundations, homeless shelters, disaster relief, and
501(c)(3) organizations.
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.
About Soles4Souls
Soles4Souls turns unwanted shoes and clothing into opportunity
by keeping them from going to waste and putting them to good use:
providing relief, creating jobs and empowering people to break the
cycle of poverty. Headquartered in Nashville, Tennessee, the
organization repurposes product to supply its micro-enterprise,
disaster relief, and direct assistance programs. With locations and
warehouses across three continents, Soles4Souls has been able to
distribute more than 51 million pairs of shoes and pieces of
clothing in 129 countries since 2006. Visit soles4souls.org for
more information.
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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version on businesswire.com: https://www.businesswire.com/news/home/20201006005432/en/
Jennifer Clay SKECHERS USA jennc@skechers.com (310) 937-1326
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