Global lifestyle brand Skechers has opened a flagship store on
the famed Rue de Rivoli, one of the biggest shopping boulevards in
Paris. The new store offers a full Skechers retail experience that
will appeal to locals and eventually returning visitors to shop an
expanded range of the latest Skechers lifestyle and performance
footwear and apparel collections for men, women and kids.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200812005087/en/
Global lifestyle brand Skechers opens
flagship retail store on famed Rue de Rivoli in the heart of Paris.
(Photo: Business Wire)
“Skechers has built a solid and loyal consumer base in France,
and Parisians love to wear the brand, so it’s exciting to be
opening a high-profile flagship store on Rue de Rivoli,” said
Stéphane Drapier, general manager of Skechers USA France. “With the
exceptional amount of pedestrian traffic on this world-famous
shopping street, we expect this store to be an impactful showpiece,
drawing in consumers to try-on and experience the comfort and style
of Skechers for themselves.”
“Skechers stores offer the best retail venue for shoppers to
directly experience the vast assortment of our lifestyle and
performance footwear, and this flagship location will reinforce
Skechers as a global leader in footwear to consumers in Paris,”
added David Weinberg, chief operating officer of Skechers. “Our
business in France was up low double digits in 2019 and on track
for continued growth prior to the pandemic. When nearly all
businesses closed in March this year, we were just a couple weeks
away from the originally scheduled opening of this beautiful store
on Rue de Rivoli. Establishing a location in the center of Paris is
a testament to our belief that Skechers will remain a go-to
footwear brand in France and across Europe as the recovery
continues and consumers seek comfort and quality along with style
during this challenging year.”
The Skechers flagship store, located at Rue de
Rivoli 102 (at the corner of Rue Saint-Denis), is situated in the
popular shopping district near the Tour Saint-Jacques with
convenient access via the Châtelet Metro station, and a few blocks
from the Right Bank of the Seine along with major cultural
destinations including the Louvre. The 545 m2 (5,859 ft2) store
features a high-resolution digital screen showcasing Skechers’
fashion-forward content in the entryway draws the hundreds of
thousands of pedestrians who walk past the store every day. Once
inside, consumers will find an inspired mid-century modern design
with sustainable features including LED lighting and
power-efficient HVAC as well as ample graphic displays highlighting
the collections of men’s, women’s and kids’ lifestyle and
performance footwear and apparel in a layout designed for
flexibility and seasonal change.
The store opened with the same commitment to safety that
Skechers is employing at all retail locations. Associates follow a
rigorous sanitizing schedule (including high-touch, high-traffic
areas), practice social distancing, and wear face coverings for
their protection and that of shoppers.
The Skechers flagship store joins locations in Aeroville Mall
outside Paris, Les Terrasses du Port and Plan de Campagne both in
Marseille, as well as Aix en Provence, Toulon, Béziers, Montpellier
and Bayonne. There are more than 3,615 Skechers destinations
worldwide and more than 90 percent of the stores around the globe
have reopened, including all locations in France. Skechers will
limit store openings for the remainder of the year, with only
locations in development prior to COVID-19 proceeding during this
period.
About Skechers USA France, S.A.S. and
Skechers USA, Inc.
Skechers USA France, S.A.S. is a subsidiary of Skechers USA,
Inc. (NYSE: SKX), which is based in Manhattan Beach, California.
Skechers 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 and Instagram.
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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200812005087/en/
Media Contact: Lucy Rousseau Skechers USA France
lucyr@eu.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