MANHATTAN BEACH, Calif.,
Oct. 21, 2021 /PRNewswire/ -- Kinecta
Federal Credit Union, the leading financial partner in the South
Bay, is pleased to announce its participation as presenting sponsor
for this year's Skechers Pier to Pier Friendship Walk to be held
Sunday, October 24, 2021. Families
and friends will gather to walk from Manhattan Beach Pier to
Hermosa Beach Pier and back with a
record-breaking $2.5 million goal to
help children with special needs and students succeed.
"At Kinecta, we are committed to giving back to our community by
participating at local community-based programs and events," said
Keith Sultemeier, Chief Executive
Officer of Kinecta Federal Credit Union. "It's an honor to partner
with Skechers for the third consecutive year and help raise support
and awareness for our children. We invite you to register to
walk!"
"We all know Kinecta for its charitable giving and
involvement in our community, and I would like to thank them
for being our loyal supporter since 2019," said Michael Greenberg, Skechers president and
co-founder of the Skechers Pier to Pier Friendship Walk. "Skechers
and Kinecta encourage our community to be part of this year's
fun-filled celebration at the beach as we walk together to help
children thrive."
The annual Skechers Pier to Pier Friendship Walk is the largest
charity walk of its kind in California. Since 2009, it has grown to gather
more than 17,000 annual registrants and has raised more than
$17 million for public schools,
scholarships and the Friendship Foundation, an organization
that supports children with special needs and their families.
Walkers can register in person at the event, sign up online at
skechersfriendshipwalk.com and live stream the 13th
annual Walk at the site on Sunday,
October 24th at 9am
PST. Participants can also follow the event on Facebook
(facebook.com/SKECHERSFriendshipWalk), Instagram
(instagram.com/skechersp2pwalk) and Twitter
(twitter.com/SkechersP2PWalk).
For more information about Kinecta, visit www.kinecta.org.
About Kinecta Federal Credit Union
Kinecta Federal
Credit Union is the country's 35th largest credit union, with
assets of $6.5 billion and over 270,000 member-owners.
Our 800+ employees serve members from 32 branches, a variety of
specialty offices, and highly responsive call centers on both
coasts. Banking the Southern California area for more
than 80 years, with recent expansion to Northern
California, New York, and New Jersey, Kinecta offers its
members a full range of financial products through the Credit Union
and its subsidiaries, Kinecta Wealth Management and Kinecta
Insurance Services. Daily Breeze readers have named Kinecta a top
South Bay credit union for the past 10 years, and Kinecta was voted
Easy Reader's 2020 "Best of the Beach" Credit Union.
About Skechers Foundation
The Skechers Foundation was
established to provide families around the world with the
necessities and skills to succeed in life. In addition to
organizing the Skechers Pier to Pier Friendship Walk, the Skechers
Foundation funds tax-exempt, 501(c)(3) nonprofit organizations that
provide education and job training, shoes, clothing, fitness and
nutrition guidance to communities in need.
About Skechers USA,
Inc.
Skechers (NYSE:SKX), The Comfort Technology Company™ based in
Southern California, 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 4,057 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, 2020
and its quarterly report on Form 10-Q for the three months ended
June 30, 2021. 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.
Media Relations Contact:
Ondar Tarlow
Chief Marketing Officer
ondar.tarlow@kinecta.org
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SOURCE Kinecta Federal Credit Union