Skechers, The Comfort Technology Company™, announced that its
president, Michael Greenberg, was the inaugural inductee in Best of
Manhattan’s Hall of Fame. He was honored for his support of
Manhattan Beach and decades of philanthropic work as an individual
and through Skechers—raising over $30 million in total donations
for a wide range of causes, from supporting children through the
Skechers Pier to Pier Friendship Walk to helping families around
the world. The Manhattan Beach Chamber of Commerce also honored
Skechers with the “Pay it Forward” award for its generosity,
partnerships and investments in the Manhattan Beach community where
the Company is headquartered.
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Best of Manhattan's inaugural Hall of
Fame inductee Michael Greenberg with his honor and Skechers' "Pay
It Forward" award. The Skechers president and his company have
raised more than $30 million for causes in the South Bay and around
the world. Photo credit: Brenda Cash Photography
“On behalf of the Manhattan Beach Chamber of Commerce, we are so
excited to have presented the inaugural Hall of Fame Award to
Michael Greenberg,” said Jill Dunn, chairwoman of the Manhattan
Beach Chamber Board. “He is an integral part of Manhattan Beach and
the entire Beach Cities community. His generosity is unparalleled.
He and Skechers have done so much for so many organizations
including the Friendship Foundation, the Roundhouse Aquarium, our
local education foundations, the Hirschberg Foundation, the Chamber
of Commerce and countless others. Michael is a gem, and we are
truly blessed to have him as a part of our wonderful
community.”
“Real success isn’t measured by an individual’s growth, but how
much we can have a positive impact on other people’s lives,” added
Skechers President Michael Greenberg, who also founded the Skechers
Foundation and Skechers Restaurant COVID Relief Fund to support the
South Bay. “Manhattan Beach has been a wonderful hometown—enabling
us to grow the Skechers brand, care for our neighbors and raise
funds to help those in need. Our company will be celebrating 30
years here next year, and I’m grateful for how generous our town
has continually been to the Skechers team and our entire
community.”
Greenberg has made Manhattan Beach the center of his
philanthropic vision—partnering with Rabbi Yossi in 2005 to
establish the Friendship Foundation for children with special
needs; creating the Skechers Pier to Pier Friendship Walk to help
raise over $17 million for the Friendship Foundation and education;
and launching the Skechers Foundation’s National Scholarship
Program to award college scholarships to talented students
annually. He also established the Harrison Greenberg Foundation,
raising $4 million to rebuild Manhattan Beach’s Roundhouse Aquarium
and fund its Oceanographic Teaching Station programs.
Over the past year, Greenberg launched the Skechers Restaurant
COVID Relief Fund, raising $730,000 to save local businesses;
arranged for the Skechers Foundation to donate a million dollars to
help Haiti’s earthquake victims; established the Skechers Haiti
Relief Fund for additional contributions; and finalized plans for
the South Bay’s first world-class Friendship Foundation Campus—a
$40 million, 66,000-square-foot college-based learning, job
training and creative education center that will change the lives
of young adults with special needs and their families. The Campus
is scheduled to break ground in early 2022 and plans to open its
doors in 2023.
For three decades, Skechers has also grown and invested in the
Manhattan Beach community—expanding its employment and corporate
headquarters and driving business to the region—where it has
cultivated charitable collections such as BOBS from Skechers,
through which Skechers has donated over 16 million new shoes to
children affected by poverty, homelessness and natural disasters in
over 60 countries. As part of the BOBS movement, the Company has
also donated over $7 million to help save and support more than 1.3
million shelter dogs and cats in the United States and Canada.
Held last night at Westdrift Manhattan Beach, the Manhattan
Beach Chamber of Commerce nominated the city’s most impactful
businesses and events, and the community voted for the year’s
winners on the Chamber’s website. In addition to being honored with
the “Pay it Forward” award, Skechers was also nominated as a
finalist in this year’s “Best of Manhattan” category.
The Company previously won the Manhattan Beach Chamber of
Commerce’s “Best of Manhattan Full Circle” award for best charity
in 2013; “Best of Manhattan” awards in 2014, 2016, 2017 and 2018;
and the “Pay it Forward” award in 2018, as well as the 2018 “Affair
to Remember” award for the Skechers Pier to Pier Friendship
Walk.
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; delays or disruptions in
our supply chain; 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.
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Jennifer Clay SKECHERS USA, Inc. jennc@skechers.com (310)
937-1326
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