Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™,
announced today that Yolanda Macias has been appointed to its Board
of Directors. The appointment brings the total number of directors
to eight, including five independent members, three of whom are
women appointed over the last three years.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220405006197/en/
Yolanda Macias is appointed to Skechers’
Board of Directors. (Photo: Business Wire)
“Skechers is the third largest athletic lifestyle brand in the
world, a position achieved through our ability to design
comfortable, innovative and stylish products, and deliver our
offering where and how consumers desire it. Given the growing
emphasis on the fast-changing world of digital commerce, we felt
further expanding and diversifying our Board of Directors with a
creative business leader would be an asset to our brand,” began
Robert Greenberg, Skechers Chief Executive Officer and Chairman of
the Board. “Yolanda brings a new perspective, and we believe she
will complement our current directors. We look forward to
leveraging her experience as we execute our strategic plans,
maintain our position as a competitive force in this industry and
drive toward our goal of $10 billion in annual sales by 2026.”
Yolanda Macias has been at Cinedigm Entertainment Group
(Nasdaq:CIDM) since 2013, currently serving as the Chief Content
Officer where she oversees global content acquisitions, in addition
to digital and physical sales and marketing. Prior to Cinedigm, Ms.
Macias held various positions at Gaiam Inc., Vivendi Entertainment,
which was a division of Universal Music Group, DirecTV, Inc.,
Technicolor and The Walt Disney Company. Ms. Macias currently
serves on the Board of Directors and the Executive Committee of
C5LA, which is a non-profit organization that helps
under-resourced, high potential youth to enroll and to succeed in
college. She also serves on the Advisory Board for The Digital
Entertainment Group’s Canon Club, which is dedicated to supporting
women in entertainment and technology.
The Skechers Board of Directors is now comprised of Skechers
Founder, Chairman and Chief Executive Officer Robert Greenberg,
Skechers President Michael Greenberg, Skechers Chief Operating
Officer David Weinberg, as well as independent members Katherine
Blair, Morton Erlich, Zulema Garcia, Yolanda Macias, and Richard
Siskind.
About Skechers USA, Inc.
Skechers USA, Inc., 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 180 countries and territories via
department and specialty stores, and direct to consumers through
4,306 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, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220405006197/en/
Jennifer Clay SKECHERS USA, Inc. jennc@skechers.com
Skechers USA (NYSE:SKX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Skechers USA (NYSE:SKX)
Historical Stock Chart
From Apr 2023 to Apr 2024